Top Swiss Stock Exchange Interested in Crypto Trading on Its Platform
SIX Group, financial service provider that operates the infrastructure of Switzerland’s financial center, has shown interest in offering cryptocurrency trading services on its “fully-regulated” digital trading platform, which is set to launch by mid-2019. SIX Group spokesman Stephan Meier pointed out that crypto-world is lacking the establishment of “transparency and accountability.” He also added that the “various digital assets” will undergo a “due diligence process” to ensure a non-problematic “bridge between the traditional financial services and digital communities.” Right now Switzerland is the second “most favorable” country for ICOs in terms of funds raised.
Former Trump Advisor Steve Bannon Plans to Create Utility Tokens
Steve Bannon, former White House Chief Strategist, during an interview at the Delivering Alpha conference in New York informed that he owns bitcoin and reiterated that he is working on his own cryptocurrency for further development of the populist movement. Bannon wants his utility tokens to be of the highest quality.
Bermuda Becomes a Great Choice for Digital Assets
Bermuda’s government widely promotes its territory for fintech entrepreneurs and establishes a new jurisdictional framework as the universal standard for ICOs and virtual currencies. Bermuda’s Premier and Minister of Finance E. David Burt believes that the legalization and recently passed acts will create a supportive business environment.
A Large-Scale Review of the ICO Market Shows That Even Successful Projects Have Problems
University of Pennsylvania professors have studied whitepapers and codes of the top 50 highest grossing ICOs of 2017. 104-pages of research shows the disparity between promises and final results. The vast majority of the top grossing ICOs had major problems with coding anti-exploitation disclosures.
Russia Wants Cryptocurrency Miners to Pay Taxes
According to Izvestiya, crypto miners soon will fall under the Tax Code. Anatoly Aksakov, chairman of the Russian State Duma Committee on Financial Markets, said that a bill on digital financial assets will be considered during the autumn session. On the start the bill will not include separate schemes for cryptocurrency mining and it will be regulated under the Russian Tax Code.