Malta approved 3 Blockchain and crypto bills in the 2nd reading in Parliament yesterday, June 26. The first two of them, Technology Arrangements and Services Bill and the Virtual Financial Assets Bill, provide regulation of digital ledger technologies under the control of the Malta Digital Innovation Authority. read more
The Malta Stock Exchange (MSX), together with crypto exchange OKEx is creating a new institutional grade security-tokens platform for trading.
Crypto Exchanges Heading to Malta
Previously, Cointrend.me had covered the news about several crypto exchanges moving to Malta due to its friendly regulations. OKEx was among them, and after signing a Memorandum of Understanding (MoU) with MSX, they launched a joint project called OKMSX – a conscientious trading platform respecting Know Your Customer (KYC) principles and security expertise. read more
China’s financial regulators are going to ban more than 100 foreign crypto exchanges that offer trading services to local investors.
Hunting Down Crypto Exchanges
Providing details, Shanghai Securities Times reported that the China National Fintech Risk Rectification Office has so far detected 124 trading platforms with foreign IP addresses, yet that are accessible in the country. The office intends to keep monitoring the space and
The National Fintech Risk Rectification Office is a government organization aiming to fight against money related risks like peer-to-peer loaning and cryptocurrency exchanging.
The largest cryptocurrency exchange Binance is opening a branch in Uganda this week, as was announced on the official website today, October 15.
Maintaining the Economy
According to the release, the exchange in Uganda has already begun the know-your-customer (KYC) procedures, and will start accepting deposits and withdrawals of the local currency, Ugandan shillings (UGX), in two days. Initially, the branch will support only Bitcoin (BTC) and Ethereum (ETH), but other currency pairs will be added in time.