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: Hong Kong Stock Exchange Says #Blockchain Should Be Regulated Under Existing Framework, #Samsung Partners with Dutch Bank and Port of Rotterdam for Blockchain Shipping Platform

October 22nd #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App

 

Point Roberts, WA and Delta, BC - October 22, 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/2018/102218-CryptoMarket.mp3

#CryptoCorne: Hong Kong Stock Exchange Says Blockchain Should Be Regulated Under Existing Framework, #Samsung Partners with Dutch Bank and Port of Rotterdam for #Blockchain Shipping Platform

Get the Crypto Corner Podcast on iTunes

Subscribe to Podcast RSS feed:

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

Crypto Corner

Hong Kong Stock Exchange Says Blockchain Should Be Regulated Under Existing Framework, Samsung Partners with Dutch Bank and Port of Rotterdam for Blockchain Shipping Platform, Deputy Governor of Bank of Japan Dismisses CBDCs and Tennis Star Caroline Wozniacki to Launch Crypto Token

Total market capitalization is sitting at $210 billion USD as we open the week, according to data from CoinMarketCap. At press time, Bitcoin (BTC) is trading at $6529 USD, Ether (ETH) at $206 USD, XRP at $0.45 USD and Bitcoin Cash (BCH) at $449 USD.

A research report published by the Hong Kong Stock Exchange (HKEX) on Oct 18 advances the idea that blockchain technology, including digital currencies, should be regulated using existing frameworks. The report, titled FINANCIAL TECHNOLOGY APPLICATIONS AND RELATED REGULATORY FRAMEWORK, concludes that in order to be consistent, existing securities regulations must be applied to the emerging digital currency space.

The principle of consistency requires that robo-advisors and the issuance of digital currencies and digital funds must be governed under the existing securities regulatory framework. The legitimacy of crowdfunding has yet to be recognised by regulators. The public fund-raising activities of shares issuance by issuers — which do so with merely a prospectus published on the Internet but without any underwriter nor compliance with the IPO registration procedures or strict disclosure requirements — must be rectified by subjecting them to the governance by the Securities Law.

Samsung’s IT subsidiary has partnered with Dutch bank ABN AMRO and Europe’s largest port, Rotterdam, to test a blockchain platform for shipping, according to an announcement today. The Samsung SDS announcement said that following a successful trial, transactions will be streamlined and will make for easier shipping in the future.

When the pilot project of applying blockchain technology to the port of departure from Rotterdam [to the] port in Asia is completed, it will simplify the financial transactions such as confirmation of receipt and payment, real-time sharing of documents related to receipt and entry, and so on.

The deputy governor of the Bank of Japan (BOJ), Masayoshi Amamiya, disputed the efficacy of central bank digital currencies (CBDCs), according to the New York Times on Oct 20. In a speech in Nagoya, during a meeting of academics, Amamiya explained that in order for the central bank to make effective use of CBDCs in monetary policy, the bank would have to eliminate cash altogether.

"In order for central banks to overcome the zero lower bound on nominal interest rates, they would need to get rid of cash from society. Getting rid of cash now is not an option for us as a central bank."

Amamiya also pointed out that as it stands, digital currencies are still not widely used as currency, but rather as speculative investments.

Danish tennis star Caroline Wozniacki became the first female athlete to launch her own crypto token, according to a report from Reuters on Oct 20. Wozniacki signed a deal with Singaporean crypto exchange Global Crypto Offering Exchange (GCOX), who said that "the tokens will give buyers exclusive merchandise and interactions with their favorite celebrities, and that the celebrities will receive proceeds from the token sales."

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