#CryptoCorner; Korean Peace Meeting Recorded on #Ethereum #Blockchain, Barclays Denies Crypto Rumours and UK Exchanges Call for Regulation
#CryptoCorner; Korean Peace Meeting Recorded on #Ethereum #Blockchain,
Barclays Denies Crypto Rumours and UK Exchanges Call for Regulation
Point Roberts, WA, Delta BC – May 2, 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.
By Samuel Mowers at Investorideas.com
Korean Peace Meeting Recorded on Ethereum Blockchain, Barclays Denies
Crypto Rumours and UK Exchanges Call for Regulation
The historic peace agreement between North and
South Korea held on April 27 was recorded on the ethereum blockchain. CoinDesk Korea reports that Ryu Gi-hyeok, a 27-year-old South Korean game developer,
coded the Panmunjom Declaration in both Korean and English. Ryu, who recently
quit his job to become a blockchain developer, told CoinDesk Korea:
"Although I did not pay much attention to
politics, I was overwhelmed by watching the summit. I just thought it was too
long for the South and the North to give each other one step and listen to each
other. After finding out what I could do as a developer, I found the Panmunjom
Declaration from the Blue House homepage and recorded it on the Ethereum
blockchain."
UK Bank Barclays’ CEO Jes Staley has denied rumours
that the bank will be introducing a cryptocurrency trading desk, Financial News reported yesterday. Despite spending time to gauge interest in launching a crypto service in April, Staley is reported to have said:
“Cryptocurrency
is a real challenge for us because, on the one hand, there is the innovative
side of it wanting to stay in the forefront of technology’s improvement in
finance. On the other side of it, there is the possibility of cryptocurrencies
being used for activities that the bank wants to have no part of.”
CryptoUK,
a self-regulatory body of seven cryptocurrency exchanges in the UK, has called
upon the government to enforce regulation in the space. City A.M.
reports that “the
group set out the plans as part of a written response to the Treasury Select
Committee's inquiry into digital currencies today.”
CryptoUK said
regulation should focus on exchanges, brokers and trading platforms rather than
the cryptocurrencies themselves, and said HM Treasury should grant the
Financial Conduct Authority (FCA) new permissions to govern crypto investment.
The group
wants the FCA to issue crypto-licences to approved platforms and enforce new
requirements, including appropriateness checks on investors, anti-money
laundering rules and operational standards.
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