“Fidelity Digital Asset Services (FDAS) is ‘now engaged in a full rollout‘ of its custody and trading services, expanding from the limited trial users in the platform’s final test stage. A Fidelity spokesperson was unable to clarify when the platform was officially launched.
Fidelity started adding clients in the first quarter and is now engaged in a full rollout of its custody and trading services for digital assets — a boon to what is a fragmented and complicated industry.
The $2.8 trillion asset manager is one of the first established traditional financial institutions to offer digital asset custody services.”
“Some 800 representatives from 205 jurisdictions met from Oct. 16 to Oct. 18 to discuss various issues under the jurisdiction of FATF.
There are two concerns: mass-market adoption of virtual assets and person-to-person transfers, without the need for a regulated intermediary. Together these changes could have serious consequences for our ability to detect and prevent money laundering and terrorist financing.
A second document, titled “Money laundering risks from ‘stablecoins’ and other emerging assets,” said the FATF will continue to examine the characteristics and perceived risks of stablecoins and may even clarify or update its virtual currency guidance to better address this class of cryptocurrency.“
“Binance.US announced that the exchange holds its U.S. dollar deposits in pooled custodial accounts at different banks that are insured by the FDIC.
The pooled custodial accounts are maintained in a manner that provides access to pass-through FDIC insurance coverage up to the depositor coverage limit, which is currently $250,000. FDIC insurance coverage protects depositors against the risk of loss in the event that an FDIC-insured bank fails.”
“Poloniex will now become Polo Digital Assets, Ltd., an ‘independent international company‘ backed by an unnamed Asian investment firm. The trading platform will not serve U.S. customers after this year.
U.S. residents have until Dec. 15, 2019 to withdraw their assets, with all trades being suspended on Nov. 1, 2019.
Poloniex said the company has ‘a multiyear plan to spend more than $100 [million] to develop and expand‘ its platform.”
“Global crypto exchange Huobi plans to roll out a fiat gateway in Turkey that could increase access to more than 250 cryptocurrencies for local investors.
The move comes as Turkey puts forward a clearer legal framework for the crypto market in a country where many people already hold cryptocurrencies.”
“This is the first global token trial on the R3 Corda platform, hosted on Microsoft Azure. This represents the first global-scale trial on R3’s Corda platform.
The participating organizations create $18 billion of Trial Tokens. This was a live demonstration of how mobile collateral tokens can be used for instant settlement, collateral management and effective cash transfer.”
“The pilot offers eligible voters to cast their votes using their smartphones, which are secured through blockchain and facial recognition technology [using the Voatz platform].
Ultimately, giving everyone the opportunity to use mobile voting means we can dramatically expand turnout and loosen the grip on power by special interests and extreme ideologues on both sides.”
“The Kik messaging platform has been bought by MediaLab, a holding company which operates Whisper and a number of other apps.
We are excited to further partner with Ted and his team on expanding the Kin integration and have plans to further support the project.”
“Cointelegraph’s website has become widely inaccessible in Russia as authorities added the domain to a registry of blacklisted sites.
Head of the Eastern Europe & Central Asia Desk at Reporters Without Borders, told Cointelegraph: ‘The blocking of your website is one more sign that Russia’s online censorship system is becoming more powerful.’
Since their largely failed Telegram blocking last year, the Russian authorities have been actively working to enhance their online censorship system. A major turning point was the ‘Sovereign Internet’ law signed by President Putin on 1 May, which is taking Russia much closer to the Chinese model. This law will be implemented gradually from 1 November onwards.”
“Two particular properties of the blockchain make imposing the ordinary rules of private law onto the blockchain particularly tricky, he claims: first, the irreversibility of the ledger and second, the anationality of the technology.
Neither does it provide a mechanism to reverse faulty transfers, nor does it allow for a transfer of title outside the blockchain.
This March, former IBM chairman and current chairman of United States nonprofit The Center for Global Enterprise claimed that no solution had yet been found to make public blockchain networks compatible with European data privacy laws.”