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Spanish Financial Watchdog Warns Against Unregulated ICO Scheme

News A Spanish financial watchdog has issued a warning against Ethereum (ETH)-based token dubbed AlyCoin. As Financial Magnates reported on Nov. 18, the Comisión Nacional del Mercado de Valores warned the public against AlyCoin as it the coin is registered neither in Spain nor in the corresponding..

German Airline Company Hahn Air Issues Tickets on Blockchain

News German airline Hahn Air claims to be the first airline company to issue tickets on a blockchain, the firm announced in a press release on Nov. 18. The ticket sale using blockchain technology was made possible through Hahn Air’s collaboration with a decentralized platform for the travel indust..

Carrefour, Nestlé Use IBM’s Blockchain Platform to Track Infant Formula

News Retail giants Carrefour and Nestlé are now using IBM’s Food Trust blockchain platform to track the supply chain of milk-based formula for infants, according to a Nov. 14 announcement. By using the platform, the firms aim to advance consumer confidence in the products’ quality by ensuring more..

Coinbase Card Adds XRP and Launches in 10 More European Countries

News Coinbase’s Visa debit card has expanded support for five more cryptocurrencies in ten new jurisdictions, the firm announced in two separate tweets on Nov. 14. Launched in April 2019, Coinbase Card now supports a total of nine cryptocurrencies in 29 countries in Europe. The Coinbase Card’s new..

EU Must Coordinate Crypto Regulation to Become Global Leader: AFME

News Europe has the potential to become a global leader in crypto-assets if it succeeds to create a common approach to regulating the sector. So goes the argument in a new report from financial markets advocacy group, The Association for Financial Markets in Europe (AFME), in a new report publish..

BaFin Orders Gold-Backed Token Issuer to Cease-and-Desist Order

News The German Federal Financial Supervisory Authority (BaFin) has issued a cease and desist order to Karatbit Foundation to immediately stop unauthorized business in Germany. BaFin alleges that Karatbit Foundation is issuing the KaratGoldCoin (KBC) without the necessary license, according to a ..

Netherlands: Police Arrest Founder of Blockchain Startup That Raised Over $80M

News Dutch police have arrested the founder of blockchain game development startup Komodore64 that allegedly raised 78 million euros ($86 million) from investors, business-focused news outlet Sprout reported on Nov. Komodore64 — which launched in June with the objective to create a game platform ..

Dutch Court Orders Facebook to Remove Fake Bitcoin Ads

News A Dutch court has ruled that Facebook must remove Bitcoin (BTC)-related fraudulent investment ads following local billionaire and television producer John de Mol’s lawsuit against the company, Reuters reported on Nov. 11. De Mol initiated judicial proceedings against the social media giant in..

Bitcoin ‘Is Not Real,’ Says Former European Central Bank Chief

News Bitcoin (BTC) lacks the characteristics of a currency and is purely speculative, according to the European Central Bank’s former president Jean-Claude Trichet. Chinese news outlet South China Morning Post reported on Nov. 10 that Trichet made remarks at Caixin’s conference in Beijing. “I am s..

EU & Turkey Respectively Eyeing Expanded Digital Currency Efforts

The game of coins is on. And that’s not referring to another token offering bubble, but instead to increasing sovereign efforts aimed at the development of state-backed digital currencies. To be sure, much ado has already been made about China’s apparently advanced plans for a digital yuan, and som..

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