The Malta Stock Exchange (MSE) would be developing a new institutional grade security token trading platform in collaboration with the OKEx exchange, an exchange which migrated to Malta. The Memorandum of Understanding has been signed between the MSE and OKEx for the project called OKMSX. The platform is to bring security expertise and client due diligence.
The OKCoin crypto exchange has unveiled a branch in the U.S. market extending trade services between USD and cryptocurrencies. The exchange would enable the users to trade Bitcoin, Bitcoin cash, Litecoin, Ethereum, and Ethereum classic against the U.S. dollars deposits and withdrawals. The fiat-to-crypto trading is currently accessible in California, as mentioned in the money service business (MSB) registration.
The BlockFills is live adapting to the TradAir’s trading platform. The companies collaborated to have an automated Straight Through Processing (STP) solution for cryptocurrencies. The CEO of TradAir, Viral Tolat stated, “Supported by a highly experienced team, and using TradAir technology as a foundation, Blockfills can now provide unparalleled end to end crypto service for its clients.”
A job advertisement posted by Robinhood has sparked the rumors regarding the cryptocurrency trading app’s plan to launch its very own cryptocurrency wallet. It posted the requirement of multiskilled cryptocurrency engineers with the description “The cryptocurrency team is responsible for pioneering how Robinhood integrates with the various blockchain and networks as we expand our features.”
Unknown sources reported that the commission-free cryptocurrency trading app, Robinhood is currently dealing with US regulators to open a traditional banking service, such as savings accounts. However, Bloomberg reported that the discussion and negotiations are happening and emphasized that the US Banking law won’t be allowing Robinhood to proceed without proper procedure.
Business Insider revealed eToro’s is launching a cryptocurrency trading desk in London. The news has been confirmed by the CEO of eToro, Yoni Assia that, “We’ve announced that we’re launching the exchange as well so, between the exchange and the OTC desk, we’re also starting to serve more potential institutions and financial institutions.”
A report titled ‘Green Book: Cryptocurrency Market Regulation’ came into lights. It is revealed that the companies based in Ukraine have risen beyond $132 million through the ICOs during the previous year and a half. Nearly 25 digital coins were created in 2017 and 2018. The crypto trading volume on a daily basis is recorded at $1.9 million.
The Indian government would be imposing eighteen percent Goods and Services Tax (GST) on crypto trading. They might be classified as intangible goods. The sources who did not want to be identified stated that the proposal for levying GST is being considered by the Central Board of Indirect Taxes and Customers which when passed would be before the GST Council.
Louis Ong has been sentenced to the U.S. jail for twenty days for carrying out unauthorized crypto trade activities. It is reported that he has laundered about $290,000 by making three more illegal bitcoin trades through undercover agents. It is found that the accused never intended to know the source through which his clients made money.
Openbazaar has unveiled the peer-to-peer e-commerce platform, 2.20 version trading platform. The platform is fully decentralized and offers fee-free trade service to 44 different cryptocurrencies. Openbazaar spokesperson commented, “The biggest new feature is the ability to buy and sell cryptocurrencies. Vendors are now able to use a special new listing type to sell cryptocurrencies on Openbazaar.”