#Exchange Will Switzerland’s FINMA license boost cryptocurrency prices? Published 2 weeks ago on December 4, 2018 By Layla Harding Share Tweet The Financial Supervisory Authority of Switzerland is planning to authorize cryptocurrency exchanges registered in the country to act like commercial banks with new licensing starting from 2019 allowing them to store the deposits of trades up to 100 million Swiss Franc (100302400 USD). The government of Switzerland has been cryptocurrency friendly by providing cryptocurrency regulations and inviting more and more cryptocurrency related businesses to register in the country. What the FINMA license will work? The reserves held with the exchange which has a limit of 100 million Swiss Franc cannot be invested funds. The exchanges who would like to register under the new license shall convey their request to FINMA demonstrating their business plan and scope for the next 3 years and mentioning about their targeted customers. The registrations shall be checked in depth by FINMA and the history and criminal records of the officials of exchanges applying shall be examined carefully before granting the license. For the overseas exchanges (outside of Switzerland) wanting to obtain the license shall register all their shareholder who holds more than 5% of the companies stake under the license agreement. The government of Switzerland has been adopting new technologies such as blockchain and cryptocurrencies very quickly in comparison to other nations which make Switzerland one of the top nations for crypto and blockchain businesses. Recently, the government of Switzerland had approved the world’s first cryptocurrency ETP on SIX EXCHANGE which is one of the largest stock exchanges in Europe. The question which arises here is that with more and more nations around the world are adopting cryptocurrency and blockchain technology, is a price boom foreseen? What are your thoughts? Tell us in the comments section below. Related Topics:Bitcoin ETFBitcoin ETPbitcoin exchangebitcoin tradingBlockchaincrypto exchangeCryptocurrency ETFCryptocurrency ETPcryptocurrency exchangeCryptocurrency Exchange Switzerlandcryptocurrency regulationCryptocurrency TradingFINMAFINMA licenseRegulationSwitzerlandSwitzerland bitcoinSwitzerland cryptocurrencytrading Up Next Stock Market Crash: Will Bitcoin Crash too? Don't Miss EOS Price Crash: Should you blame Dan Larimer? Continue Reading You may like Bitcoin institutional adoption rising: BTC price analysis Is Bitcoin ready for the Santa Rally: Off to $4400. Bitcoin Coffee: The first blockchain coffee is a fact! Seven Popular Ways to Earn Bitcoin Bitcoin Whale Alert: 5351 BTC transferred to Bitfinex Hong Kong tightening Bitcoin laws amidst the cryptocurrency market crash 2 Comments 2 Comments Pingback: Will Switzerland’s FINMA license boost cryptocurrency prices? - Satoshiuncle Pingback: Will Switzerland’s FINMA license boost cryptocurrency prices? | Coin Crypto Rama Leave a Reply Cancel reply Your email address will not be published. Required fields are marked *Comment Name * Email * Website #Exchange Zebpay moves to Europe leaving behind India Published 6 days ago on December 13, 2018 By Joyce Lang Zebpay, which was known to be the largest cryptocurrency exchange in India has moved to Europe after the Reserve Bank of India banned financial institutions to deal with crypto exchanges in the country. Zebpay had closed down its operations in India in September while it had more than 3 million users already registered on the exchange. After the ban, Zebpay registered its entity under the name of Awlencan Innovations Malta Limited in Malta which is one of the most friendly countries known for crypto and blockchain business. Zebpay now in 21 European Countries: Zebpay announced on Tuesday that it has successfully launched its operations in 21 nations across Europe. The platform lets users trade crypto to crypto on its exchange and wallet. Also after a successful KYC procedure and banking verification, the users can deposit and withdraw EUROS to their Zebpay accounts. Currently, users can trade just Bitcoin with Euro but the company claims that they will soon add other cryptocurrencies to trade with Euro as well. Zebpay Marketing For the start, Zebpay has planned a good marketing scheme of offering zero fee deposits and zero maker fees. Also, the exchange is rewarding 0.25% of every transaction to its users till the 31st of December this year. Users can currently trade BTC to EURO, ETH to BTC, LTC to BTC, XRP to BTC, BCH to BTC, EOS to BTC and TRX to BTC. The new Bitcoin hardfork BSV is currently excluded from the list. Zebpay Entities: Zebpay is currently registered as Awlencan Innovations Malta Limited in Malta for its exchange and also registered in Singapore as Zeb Ventures Pte Ltd for buying and selling of cryptocurrencies on its mobile application or Zebpay App. No Registrations from India: Zebpay has clearly declared that it is not accepting any new registrations from India, the country where Zebpay originated. Cryptocurrency banking is still prohibited in India and there are rumors all around the country that the government is soon going to declare cryptocurrencies totally illegal which means that no one would be allowed to trade or even store any cryptocurrency such as bitcoin. Continue Reading #Exchange Is BitMEX trading against their customers? Foul play at BitMEX? Published 6 days ago on December 12, 2018 By Joyce Lang BitMEX is currently the largest Bitcoin Exchange according to trading volume, and BitMEX research is going pretty good regarding market research, but is BitMEX really that ethical? Let us explore. Registered in Seychelles, BitMEX is not required to report to any regulator. This article is sourced through various articles submitted on Medium, Reddit and social media like Twitter. Does BitMEX trade against its Customers? Before I start to answer this question, let us understand the concept of Market Making. Market makers are the one responsible for filling up the order books. They also buy and sell continuously, proving the necessary liquidity to the market. Market makers quote on both sides of the order book, that means both the buy side and the sell side. If their buy order gets executed, their immediate plan is to execute the sell order as well, thus acting as a neutral market maker. So a market maker profits from a spread instead of up-down movements of the market, in return offering quick liquidity to the users. The question is thus, is BitMEX acting as a neutral market maker (which is a positive service to its customers) or not. On 30th of April, 2018, MitMEX updated its Terms of Service. It says: “BitMEX has a for-profit trading business that, among other things, transacts in products traded on the BitMEX platform. The trading business primarily trades as a market maker” BitMEX also states that its profit does NOT come from trading: BitMEX claims that its goal is to breakeven regarding profit and loss and that they make money by the service fee paid by the business. But unfortunately, there is no way to check BitMEX’s audit report as they have never released an external audit of their business. BitMEX’s legal counsel, Sullivan & Cromwell was silently removed from their blog post from April. It’s earlier post stated this: Later in May 2018, the updated post said this: It is a possibility that Sullivan & Cromwell separated from BitMEX because it had issues with the exchange’s plans. BitMEX’s Desk should not be allowed to trade freely on the exchange Let’s assume the owner (or owner’s employees) of an online casino is allowed to play its own game, can he resist from not looking at everyone else’s cards? Same goes with an online Bitcoin exchange. If BitMEX’s desk is allowed to trade on their own exchange freely, we can expect a similar outcome. This gives “extra information” to the desk, which is not available to all other customers. While some information is available to all the customers, for example, the order book or the past trades, additional information like the degree of leverage of each position or the price at which it will run out of margin is private and is only available to the BitMEX’s desk. In a blog post, BitMEX has denied that it gives this explicit information to its desk, but BitMEX has not agreed to give out equal information to all the customers especially the two mentioned above. Many users suspect that BitMEX gives unfair advantages to its desk. What are your views on the above? Comment below and let everyone know. Continue Reading #Exchange 1Exchange receives securities exchange license in Singapore Published 4 weeks ago on November 22, 2018 By Layla Harding 1Excahnge (1X), an entity of CapBridge- a global private capital platform made an announcement earlier today that it the firm has received the licensing to operate a securities exchange from the Monetary Authority of Singapore. CapBridge along with ConsenSys have been working together for the development of a securities exchange based on the Ethereum Blockchain that is fully compliant. The exchange will allow the trading of security tokens. The future of Security Tokens After the Initial Coin Offerings for utility tokens have nearly fallen to an end, a great future is predicted for security tokens. The 1X securities exchange will help growing companies in terms of raising capital and also help private investors in terms of new investment opportunities. Johnson Chen, the Founder, and CEO of CapBridge Capital Platform expressed his pleasure by saying: “The CapBridge private capital platform has a track record of successfully helping global growth companies raise capital, and providing private investors access to such investment opportunities. With the RMO exchange license, we can now offer an even more integrated suite of private capital services to deserving companies seeking growth capital and sophisticated investors looking for alternative growth options. Our holistic approach will enhance capital flow for growth companies and improve liquidity options for private investors, benefiting the wider capital market ecosystem in the process. We have been in close consultation with the MAS and deeply appreciate their support of our goal to contribute to a more vibrant Singapore private capital environment; as a fully-compliant and secure exchange platform, we will continue to work closely with MAS to uplift the capital ecosystem.” Continue Reading Advertisement Advertisement Latest Crypto News #Bitcoin13 hours ago Bitcoin institutional adoption rising: BTC price analysis #Bitcoin Price Analysis18 hours ago Is Bitcoin ready for the Santa Rally: Off to $4400. #Blockchain22 hours ago Bitcoin Coffee: The first blockchain coffee is a fact! #Gambling1 day ago Crypto Casinos: 5 Reasons Why They Are Better Than Traditional Casinos #Bitcoin2 days ago Seven Popular Ways to Earn Bitcoin #Bitcoin2 days ago Bitcoin Whale Alert: 5351 BTC transferred to Bitfinex #Bitcoin2 days ago Hong Kong tightening Bitcoin laws amidst the cryptocurrency market crash #Bitcoin2 days ago Bitcoin Price: How Investor Emotions Affect Crypto Prices #Bitcoin2 days ago Bitcoin panic selling made easier by Coinbase #Bitcoin3 days ago 1.3 million Bitmain S9 miners turned off: Bitcoin Mining no longer profitable #Ethereum3 days ago Ethereum Miners are the best targets for Hackers, ETH mining is not profitable #Ethereum Price Analysis3 days ago Ethereum Price Analysis: ETH falling to $55? #Bitcoin4 days ago Cryptocurrency Market Update: Bitcoin falling to $2500? #Blockchain4 days ago Can France become the Blockchain Nation? #Ethereum5 days ago Do We Really Want To Tokenize Everything? 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