Join our smart investors - Get the best stock directories in  blockchain, cannabis, crypto, AI, IoT, cleantech. Daily podcasts in cannabis and crpto. Just $99  a year

#CryptoCorner: EU's Financial Regulator to Report on ICO Rules by 2019, Switzerland's Crypto Fund AG Receives Authority as Asset Manager from Financial Watchdog

October 9th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App

 

Point Roberts, WA and Delta, BC - October 9, 2018 (Investorideas.com Newswire) Investorideas.com, a leader in crypto and blockchain investing news reports on what's driving the cryptocurrency markets with today's edition of Crypto Corner, now available in podcast.

Listen to today's Crypto Corner Podcast:

https://www.investorideas.com/Audio/Podcasts/2018/100918-CryptoMarket.mp3

#CryptoCorner: EU's Financial Regulator to Report on ICO Rules by 2019, #Switzerland's #Crypto Fund AG Receives Authority as Asset Manager from Financial Watchdog

Get the Crypto Corner Podcast on iTunes

Subscribe to Podcast RSS feed:

https://www.investorideas.com/rss/feeds/Podcasts-Crypto.xml

Crypto Corner

EU's Financial Regulator to Report on ICO Rules by 2019, Switzerland's Crypto Fund AG Receives Authority as Asset Manager from Financial Watchdog, UK's Oldest Exchange to Cut Employees as Market Stagnates and Japan's GMO Announces Yen-Pegged Stablecoin for Next Year

Stocks discussed: (TYO:9449)

Reuters reports that the European Securities and Markets Authority (ESMA), the EU's financial watchdog, will assess each ICO individually to see if and how it should be regulated. ESMA chair Steven Maijoor explained the case-by-case basis on which the body would examine each initial coin offering to the European Parliament's economic affairs committee, and that they expect to report on the ICO rules by 2019.

"Some of these ICOs are like a financial instrument. Once it is a financial instrument it comes under a whole regulatory framework. The subsequent question is what do we do with those ICOs that are outside the regulatory world. We will assess that as a board. We expect to report by the end of the year."

In Switzerland, Crypto Fund AG, a subsidiary of Crypto Finance AG, announced today that it has received a license from the Swiss Financial Watchdog. The Swiss Financial Market Supervisory Authority (FINMA) gave the company authorization to act as an asset manager of collective investment schemes, allowing it to "manage and distribute domestic and foreign investment funds to qualified investors and provide investment advice for institutional clients". Jan Brzezek, the CEO and co-founder of parent company Crypto Finance AG, said:

"The FINMA authorization for Crypto Fund AG is a key step for our clients and investors, and for us in becoming a leading provider of digital asset services worldwide."

The U.K.'s oldest crypto exchange, Coinfloor, is laying off most of its staff in the wake of the current bear market, according to the Financial News. Without specifying how many employees would lose their job, Coinfloor CEO Obi Nwosu confirmed to Financial News that the exchange was being forced to make adjustments in response to the state of the market.

"Coinfloor is currently undergoing a business restructure to focus on our competitive advantages in the marketplace and to best serve our clients. As part of this restructure, we are making some staff changes and redundancies."

Japanese internet company GMO Internet, Inc. (TYO:9449), will launch a stablecoin pegged to the Japanese Yen (JPY) next year, according to an announcement on the company's website. The coin will be called GMO Japanese Yen (GJY), and will be issued in Asian markets by GMO's subsidiary exchange, Z.com. A loosely-translated excerpt from the announcement reads:

"...the "yen-pegged currency" collateralized by the Japanese yen is highly likely to be an ideal currency that combines high creditworthiness and low fee and speed of remittance. By issuing the "yen peg currency", GMO Internet will continue to support borderless transactions with creditworthiness.

Sam Mowers, Investorideas

Read other editions of the Crypto Corner

Get the Crypto Corner News by email Get Crypto Corner News

Crypto Corner Sponsors:

Investorideas.com - NXT-ID Inc. (NASDAQ: NXTD) Subsidiary Fit Pay Flip<sup>TM</sup>

Flip™ is the creation of Fit Pay, Inc., a leading provider of cutting edge payment technology and a subsidiary of NXT-ID (<NASDAQ: NXTD). By leveraging the FitPay Payment Platform™, Flip enables cryptocurrency holders to seamlessly exchange their cryptocurrency for US dollars and store that value on a contactless payment device that can be used to make purchases at millions of retail locations. https://www.fliptopay.com/

Order Flip



Investorideas.com - GBT Genesis Blockchain Technologies

Genesis Exchange and Wallet App by Genesis Blockchain Technologies (GBT)

GBT is a powerful cryptocurrency centralized / decentralized exchange which will include a broad range of services and benefits from cryptocurrency and blockchain markets development, while avoiding complications and risks arising from crytocurrency ownership, transfer, and exchange.You can Download the Genesis Exchange and Wallet App at Google Play and on the Apple App Store. Learn more at http://www.mygenesis.io


More info on the sector:

Investor Ideas is positioning as a leader in blockchain and crypto content with its Bitcoin and Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

Talk about the sector with other companies and investors- Join our LinkedIn Group Blockchain and Digital Currency Stocks and ICO's - Latest News and Commentary https://www.linkedin.com/groups/13560073

About Investorideas.com - News that Inspires Big Investing Ideas https://www.investorideas.com/

Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and sector trends from Investorideas.com with our news alerts , articles , podcasts and videos talking about cannabis, crypto, technology including AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts #Cannabis News and Stocks on the Move podcast and column and the Cleantech and Climate Change Podcast .

The Crypto Corner is part of the Investor Ideas Membership content

The Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.

Visit the Podcast page at Investorideas.com:

https://www.investorideas.com/Audio/

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp. Disclosure: this newsletter and podcast is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip and GBT Technologies . More info: http://www.investorideas.com/About/News/Clientspecifics.asp Learn more about Investor ideas podcast and news publication services and costs https://www.investorideas.com/News-Upload/

Cryptocurrency Disclaimer

Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

Copyright and ownership: Crypto Corner is an Investorideas.com content brand

Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Learn more about sponsoring the crypto corner and other branded content

Learn more about our news, PR and social media services at Investorideas.com

https://www.investorideas.com/Investors/Services.asp

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

Contact Investorideas.com

800-665-0411