#CryptoCorner: SBI Holdings Invests Seven Figure Into Digital Securities Provider, Bitstop Partners with US’s Biggest Mall Operator to Install #Bitcoin ATMs
#CryptoCorner: SBI Holdings Invests Seven Figure Into
Digital Securities Provider, Bitstop Partners with US’s Biggest Mall Operator
to Install #Bitcoin ATMs
Point Roberts, WA, Delta BC November 27,
2019 - Investorideas.com, a leader in
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SBI Holdings Invests Seven Figure Into Digital
Securities Provider, Bitstop Partners with U.S.’s Biggest Mall Operator to
Install Bitcoin ATMs, Ghana’s Central Bank Governor Indicated Interest in
Digital Currency and Swiss Federal Council Pushes for Updated DLT and
Blockchain Framework
Stocks discussed: (TYO:8473) (NYSE:SPG)
Japanese financial
services giant SBI Holdings (TYO:8473) has invested a seven-figure amount
into digital securities provider Securitize, according to a report from CoinDesk. Securitize’s founder and CEO Carlos
Domingo did not disclose the exact amount of the investment. Domingo explained
what the company intended to do with the investment.
“We’re going to do business there and that involves not
only finding customers in Japan, but also localizing the technology and making
sure you know the language for the next similar types of integrations that you
might be looking at.”
“I think that the fact that [SBI is] putting their
faith and investing in a company like us [is] signifying the move towards more
adoption of security tokens.”
Bitcoin (BTC) ATM company Bitstop has partnered with Simon Property Group, Inc. (NYSE:SPG), the U.S.’s largest shopping mall
operator to install crypto ATM kiosks in several of the latter’s locations.
Andrew Barnard, Bitstop co-founder and CEO, commented:
“With the strategic timing of this new installation of
Bitcoin ATMs at Simon Mall locations, customers can conveniently buy Bitcoin
while doing their Black Friday and Christmas holiday shopping. Bitcoin is the
perfect gift for family and friends this holiday season. Our Bitstop Bitcoin ATM
mall locations are at the forefront of a trend as Bitcoin and digital
currencies become part of the mainstream culture.”
In a keynote address to the 23rd Annual Banking
Conference, Ghana’s central bank Governor Ernest Addison revealed that the bank
is “in discussion with key stakeholders to explore a pilot project (in a
sandbox environment) on central bank digital currency”. According to local
outlet Joy Online, Addison went on to explain:
“In its issuance of electronic money, GCB Bank [the
country’s largest commercial bank] would create electronic value backed by
equivalent cash which will afford customers to have access to electronic
wallets issued by GCB Bank (Ghana). The GCB Bank plans to leverage on its 189
branch network to offer its own agency banking services.”
According to an official statement from its Federal Department
of Finance, Switzerland’s Federal Council proposed improvements to the
regulatory framework governing distributed ledger technology (DLT) and
blockchain. Without revealing a lot of detail, the statement outlines a report
drawn up by the Federal Council:
It emphasised that it wants to create the best possible
framework conditions so that Switzerland can establish itself and evolve as a
leading, innovative and sustainable location for fintech and DLT companies.
Moreover, it wants to consistently combat abuses and ensure the integrity and
good reputation of Switzerland as a financial centre and business location.
Sam
Mowers, Investorideas
For
investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain
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