#CryptoCorner; #Google to Ban #Crypto Ads, #Coinbase Continues Expansion and #Wyoming Creates New Asset Class
#CryptoCorner; #Google to Ban #Crypto Ads, #Coinbase
Continues Expansion and #Wyoming Creates New Asset Class
Point Roberts, WA, Delta BC – March 14, 2018 - 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.
Crypto Corner – March 14, 2018
By Samuel Mowers at Investorideas.com
Google to Ban
Crypto Ads, Coinbase Continues Expansion and Wyoming Creates New Asset Class
According
to a recent post, Google
will be banning “Cryptocurrencies and related content (including but not
limited to initial coin offerings, cryptocurrency exchanges, cryptocurrency
wallets, and cryptocurrency trading advice)” by June 2018.
"We don't have a crystal ball to
know where the future is going to go with cryptocurrencies, but we've seen
enough consumer harm or potential for consumer harm that it's an area that we
want to approach with extreme caution," Scott said.
Cryptocurrency
exchange giant Coinbase has been granted an E-money license by the UK’s
Financial Conduct Authority, according to a blogpost
yesterday by Coinbase UK CEO Zeeshan Feroz. Feroz explained the importance of
this acquisition in the blogpost:
“The license will allow Coinbase to issue
e-money and provide payment services in the UK. The license requires Coinbase’s
e-money operations to meet the strict rules enforced by the FCA and the Payment
Services Directive. For our customers, this will ultimately help us deliver a
better experience through new partnerships and an easier to use product.”
“Our e-money license will extend beyond
the UK to 23 countries within the EU. We believe that this is an important step
towards our commitment to making cryptocurrency accessible to everyone.”
In the U.S., the state of Wyoming cryptocurrency continues
to enjoy increasing legitimacy thanks to legislators defining it as a new asset
class “Utility Tokens”, according to a Forbes article yesterday.
This comes after the State legislature passed House Bill 70 on March 6 and was signed into law on
March 8. The law exempts “a person who develops,
sells or facilitates the exchange of an open blockchain token” from “securities
and money transmission laws”.
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