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[1] Commerzbank, Siemens And Continental Complete Blockchain Money Market Pilot
German banking and financial services company Commerzbank and technology companies Continental and Siemens have jointly conducted a money market security transaction pilot using blockchain technology. Cointelegraph auf Deutsch reported on the development on Feb. 21.
Money market securities are short-terms assets that serve for financing companies and usually have a maturity of one year or less. Usually, the processing of a payment takes two days due to a clearing process.
[2] Swiss Regulator Blacklists 'Islamic' Cryptocurrency Broker
FINMA, the Swiss Financial Market Supervisory Authority, has updated its blacklist of companies that are suspected of conducting unauthorized activities in the financial markets.
The latest update to the FINMA's warning list is a cryptocurrency broker called Crypto Islamic Bank. The Swiss authority said the newly-listed company offers clients a range of crypto services including mining operations, wallet, exchange, trading, and asset management solutions. A glance at the website in question also reveals that the brokerage provides no confirmation regarding licenses held in any jurisdictions either, which raises a red flag as far as investors are concerned.
[3] Gmail Competitor FastMail To Stop Accepting Cryptocurrency Payments
FastMail, a Gmail competitor focusing on speed and efficiency, has recently warned its users that it's going to stop accepting cryptocurrency payments at the end of March, as the costs it was enduring to accept Bitcoin and Bitcoin Cash payments became "unsustainable."
According to a Reddit thread created by a user who received FastMail's notice, the company has noted that only a small number of its users were paying for the service with cryptocurrencies.