Announced mid-July 2019, 1X— Singapore’s first and only regulated private securities exchange— has officially launched. The exchange already features more than $4.1 million worth of tradeable private equity in the form of security tokens. The Launch of Singapore’s Security Token Exchange 1X Explained The security token industry continues to develop in Singapore. 1X was originally […]
Tag: STO
UK Government Will Be Cracking Down on Cryptocurrency Crime, New Plan Reads
The UK government has just issued its Economic Crime Plan. One of the focuses will be stopping cryptocurrency-related crime, a focus for the next few years. The United Kingdom is stepping up its attack on economic crimes involving cryptocurrencies. The new Economic Crime Plan outlines steps that the Financial Conduct Authority (FCA) must take to […]
European-Regulated Exchange Will Offer Tokenized Shares of Major Stocks Next Week
The long-awaited release of the DX.Exchange platform’s special tokenized stock offerings will finally happen next week. The European-regulated cryptocurrency exchange will offer tokenized securities representing shares in Tesla, Apple, and other stocks. Europeans will soon be able to obtain and trade tokenized shares of Tesla, Apple, Amazon, Facebook, Netflix, and other major stocks thanks to […]
U.S. Treasury Secretary Steven Mnuchin: I Am “Not Comfortable” with Facebook’s Libra
U.S. Treasury Secretary Steven Mnuchin recently told reporters at a press conference that Facebook’s cryptocurrency is currently unsuitable for release. The comments come at a time when the Libra has been shrouded in questions over if it will actually be able to release in 2020. Facebook’s cryptocurrency, the Libra, is experiencing pushback from top-level government […]
US Is Considering Law Banning Big Tech from Issuing Currency
According to a copy of the draft legislation obtained by Reuters, a proposal is being considered in the House Financial Services Committee which would ban big tech from issuing its own digital currency. A proposal which has a majority in the House Financial Services Committee could prevent Facebook from issuing its Libra cryptocurrency. The bill […]
Will Facebook Subsidiary, Calibra, See the Light of Day?
The Announcement – Calibra Facebook announced a pair of tokens recently. The project, which is being spearheaded by Facebook subsidiary, Calibra, will see both a stablecoin, and a security token, released. While the stablecoin is meant to provide a global consumer base with an efficient means of transferring value, the security token facilitates project governance, […]
Mikko Ohtamaa, CTO at TokenMarket – Interview Series
Mikko is the cofounder and CTO of TokenMarket Ltd, one of the leading token sale and blockchain crowdfunding platform at Gibraltar. Mikko has advised dozens of blockchain startups. He is also the former co-founder and CTO of LocalBitcoins, a peer-to-peer cryptocurrency exchange. Mikko holds MSc. in industrial engineering and management from University of Oulu. Mikko […]
Singapore Plans to Remove Taxes on Cryptocurrencies
According to the Inland Revenue Authority of Singapore (IRAS), the country plans to exempt cryptocurrencies from the goods and services tax (GST). A new proposal in Singapore could make the goods and services tax (GST) unapplicable to cryptocurrencies starting 2020. The Inland Revenue Authority of Singapore (IRAS) is collecting comments from firms dealing with cryptocurrencies […]
BTG Pactual Raises $3.3 Million from Retail Investors with Real-Estate Backed STO ‘REITBZ’
BTG Pactual— Latin America’s largest standalone investment bank— has provided an update regarding its first Security Token Offering (STO). REITBZ, a real estate fund, has raised a total of $3.3 million from retail investors. Historically, BTG Pactual has exclusively offered services to wealthy individuals of high net worth, but this is changing with the firm’s […]
Custodianship – A Look at Various Industry Solutions
Industry Hurdles – Custodianship In under two years, the state of custodianship within blockchain has grown by leaps and bounds. A mere eighteen months ago publications were posting about ‘The sad state of crypto custody’. Six months after that, custody solutions were noted as a rapidly developing innovation within the industry. A major driving factor […]
