The Highlights in our regulatory review: The SEC is happy about a new Bitcoin ETF application, while the “Facebook Coin” Libra in Germany, and the United States is roasted. That and more in the regulatory-ECHO.
By Phillip Horch
28. October 2019BTC $ 8,887.13 -3.89%TeilenFacebookTwitterLinkedInXingemailsim Swapping: suit against US mobile carrier
Sim swap spread in recent years into a shark in the Cyber-cheater’s pool. The Scam is a type of identity theft, the attackers have apart especially on the phone number of the victim. They fraudulently obtain access to SIM cards and can identify with it, especially online – a possibility that also comes with many Bitcoin exchanges in the Two-factor authentication. Victims of such attacks Seth Shapiro, a Professor from the University in the U.S. state of California. This is suing the mobile service provider AT&T for damages.
Federal Ministry of Finance: Monero (XMR) is more dangerous than Bitcoin (BTC)
Now the digital coin also fell to the Federal Ministry of Finance. Bitcoin is not even so good for money laundering and the financing of terrorism, as critics accept it frequently. However, the Ministry wants to look in the future in more detail, especially of the trade of crypto-currencies is to monitor the BaFin better in the future. In their first national risk analysis, the authority analysed the threat posed by Bitcoin & co. The result: Monero (XMR) is very much anonymous. King of money laundering and the financing of terrorism, however, remains cash.
The Facebook-barbecue: to Roast on a low flame
A week in the sign of the “Facebook Coins” Libra. Hardly a crypto-project is driving the global regulatory authorities currently, in as much work as the “Quickly Buck”. Reached the beginning of the week, the message that the Libra Association plan, several Stable Coins out where Libra together can put a stop to us. In his speech before the US Congress, Mark Zuckerberg assured then, that in the case of Libra, no customer data is sold should be. He came then to the cross-fire of U.S. senators. At almost the same time, there was a Libra-hearing before the Finance Committee in the German Bundestag. It was a little quieter. The criticism of Libra was still sharp, the Facebook subsidiary, Libra was roasted from all sides on a low flame.
US-Finance Committee is sharpening the knife: bill wants to regulate Stable Coins as securities
The United States is preparing the regulatory ground for stablecoins. A bill for the regulation of the “stable-coins”, to reflect the value of Fiat currencies or Assets, provided US Deputy Sylvia Garcia. The little surprising proposal: Stable Coins will be as Securities rated. Until then, one suspects it is, however, still some edits to the application.
Bank of Lithuania developed Blockchain-solution – behind the LBChain [display] buy Bitcoin with the Bitwala account. Why have a Bank account with Bitwala? A Bank account is “Made in Germany” with protection of deposits up to 100,000 euros; 24/7 Bitcoin trading with faster liquidity; trading only ‘real’ Bitcoin has no financial derivatives such as CFDs; Secure users of lift-off control of the Bitcoin Wallet and the private key; With the contactless Debit Mastercard worldwide, and pay.
open Now free account
we Swing the Bitcoin-regulatory-review back over the pond, we land in Lithuania. There the Central Bank is working flat out on their Blockchain platform LBChain. For IBM Poland and the technology to compete-company Tieto Lithuania the best basis for the planned infrastructure solution for the Central Bank.
Bitcoin ETF on the horizon? Kryptoin request for the SEC before the
And honestly, the Groundhog greets the U.S. securities and exchange Commission. The Securities and Exchange Commission (SEC) is again an application for a Bitcoin ETF. The Cayman Islands reported company Kryptoin has submitted in mid-October. While it had the applications that have previously been difficult, can learn a new applicant from the mistakes of their predecessors, the SEC justified their rejections, finally thoroughly. If it works this Time? You may remain excited.
More:
Libra: Australian authorities for more information, call Anti-Libra: the EU draft provides for verification of a digital Euro by the ECB, Bitcoin: The antithesis to China’s System, The freedom of expression ECHO#Libra#expression-ECHO#regulatory-Echo
