#CryptoCorner; UK Creates “#Crypto Task Force”, #Binance May or May Not Be Running Afoul of #FSA and #Google Explores #Blockchain Tech
#CryptoCorner; UK Creates “#Crypto Task Force”, #Binance May or May Not
Be Running Afoul of #FSA and #Google Explores #Blockchain Tech
Point Roberts, WA, Delta BC – March 22, 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 22, 2018
By Samuel Mowers at Investorideas.com
UK Creates “Crypto Task Force”, Binance May or May Not Be Running Afoul
of FSA and Google Explores Blockchain Tech
The UK has announced the creation of a “cryptoassets task force” as part of its Fintech
Sector Strategy at the government’s International Fintech Conference today.
At the conference, Chancellor of the Exchequer
Philip Hammond said:
“I
am committed to helping the sector grow and flourish, and our ambitious Sector
Strategy sets out how we will ensure the UK remains at the cutting edge of the
digital revolution. As part of that, a new task force will help the UK to
manage the risks around Cryptoassets, as well as harnessing the potential
benefits of the underlying technology.”
According to the
press release the task force will consist of Her Majesty’s Treasury, the Bank
of England and the Financial Conduct Authority.
In a piece
from Nikkei it was reported that cryptocurrency exchange Binance will be issued
a warning from Japan’s Financial Services Agency (FSA) for expanding operations
in Japan without proper permission.
“Nikkei
showed irresponsible journalism. We are in constructive dialogs with Japan FSA,
and have not received any mandates. It does not make sense for JFSA to tell a
newspaper before telling us, while we have an active dialog going on with
them.”
Bloomberg reported
yesterday that internet giant Google is working on creating its own
blockchain-related tech to facilitate transactions and its cloud services.
“Google
is working on blockchain-related technology to support its cloud business and
head off competition from emerging startups that use the heavily-hyped
technology to operate online in new ways, according to people familiar with the
situation.
Companies
use blockchain and other so-called digital ledgers to securely record
transactions and process other data over the internet -- a service Google could
use, for example, to reassure customers that their information is protected
when stored on the giant network of computer servers that power its cloud
services.”
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