A warning has been issued by the Autorité des Marchés Financiers (AMF) against cryptocurrency and forex firm, Kuvera LLC (1)/Kuvera France. AMF then explained in their official website, “Following several reports from savers, including parents of teenagers and teachers, the AMF would like to make clear that this company has no authorization in France to operate an activity regulated by the AMF on French territory.”
A cryptocurrency brokerage company backed by the co-founder of PayPal have successfully received its BitLicense which allow them to operate in New York City. The CEO and the founder of Tagomi, Greg Tusar explained, “We definitely have a backlog of clients that we would like to onboard that we were waiting for this approval to move forward with.”
One of the largest energy supplying company in the United Kingdom, OVO have recently revealed that they have become of one of the stakeholders of cryptocurrency firm electron. The main goal is to identify and monitor every single asset that is generated on the UK’s network. The investment made was not the first in the energy sector to indulge in the blockchain technology.
The Ledger is establishing its office in New York as part of its expansion plans in the United States. Reportedly, the New York office would be considered as the headquarters for the Ledger Vault. A former Intercontinental Exchange (ICE) executive, Demetrios Skalkotos, has been recruited to the chief the global business operations of the Ledger Vault.
A cryptocurrency company based in Switzerland, X8 AG has obtained a finance certification. Following the certification earned by the company, they have recently unveiled their vision in launching a Sharia-compliant cryptocurrency exchange and commented, “The Gulf region is a really good place for financial technology companies because they all want to become hubs for fintech.”
The crypto startup, LIFElabs, is to sponsor the Sky Sports British Masters golf competition along with companies such as Adidas. The competition is scheduled to happen between the 11th and 14th of October hosted by 2013 U.S. Open champion Justin Rose. As per the sponsorship, the crypto firm would support the first player with £10,000.
Three cryptocurrency investment companies received cease and desist order from the North Dakota’s securities department. The companies were allegedly offering fraudulent investment scheme. The companies hit with the order include BitConnect, Magma Foundation, and the Pension Rewards Platform/ Pension Rewards. The orders were issued after an investigation was carried by 40 US and Canadian regulators.
A forum called Blockchain Life 2018 is to be held on November 7th to 8th in St. Petersburg, Russia. The Asian cryptocurrency firms such as Kraken, Okex, Huobi and many more would be participating as the speakers. The forum aims to discuss on cryptocurrency industry in 2018 and the ICO projects of Eastern European.
Show cause notice has been issued against three crypto companies by the Colorado Securities Commissioner Gerald Rome. The probe is being made under the preview of the Division of Securities. The companies which received the orders are Bionic Coin, Sybrelabs Ltd, and Global Pay Net. The order was previously submitted to EstateX, Bitconnect Ltd, Magma Foundation, and Bitcoin Investments Ltd.
Huulk is to attract the listings of sharia-compliant financial technology startups. The chief executive of Huulk, Ibrahim Mohammed explained that the firm aims to list approximately 20 Islamic Fintech firms especially in the Muslim-majority countries such as Turkey, Malaysia and many more. The exchange has also applied for a digital exchange license in Malta.
