Category: Blockchain and Cryptocurrency

The JP Morgan Cryptoasset – A Legal Update

JP Morgan, one of the largest investment banks in the United States has created its own cryptoasset. Participants in the blockchain and cryptoasset community have criticised this news as Jamie Dimon, JP Morgan’s Chief Executive has criticised the cryptoasset, Bitcoin, quite heavily in the past. It is important to note, however, that Dimon’s critique of…
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Can you buy a property with Cryptoassets – no matter what the price?

Can it be done? Yes, and we have the specialist knowledge to show you how. Since 2017, many individuals have accumulated a vast amount of cryptoassets, which have values of many thousands and hundreds of thousands of pounds; so valuable that you may consider exchanging these cryptoassets for a residential or commercial property. When considering…
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Can you buy a property with Cryptoassets – no matter what the price?

Can it be done? Yes, and we have the specialist knowledge to show you how. Since 2017, many individuals have accumulated a vast amount of cryptoassets, which have values of many thousands and hundreds of thousands of pounds; so valuable that you may consider exchanging these cryptoassets for a residential or commercial property. When considering…
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Crypto Update – FCA releases new guidance on Cryptoassets

The Financial Conduct Authority has released Guidance on how cryptoassets should be treated in relation to financial regulation. This will affect cryptoassets businesses as they will need to seek confirmation from issuers that their tokens do not fall within the scope of financial regulation. Additionally, many exchanges and custody agents will need to ensure that…
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FCA Guidance on Cryptoassets

Introduction The Financial Conduct Authority (“FCA”) have released a consultation paper, Guidance on Cryptoassets. The paper can be found here. The purpose of the paper is to give guidance to the many different organisations, business and individuals operating in the cryptoasset sector. Jurisdictions outside of the United Kingdom (UK), such as the United States of…
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China cracks down on blockchain and ICO’s

An article in the South China Morning Post newspaper on 24 August 2018 showed how China is poising to block foreign cryptocurrency exchanges. Apparently, approximately 124 offshore cryptocurrency exchanges will be affected by this new law. The Shanghai Securities News reported recently that not only will offshore cryptocurrency providers be banned, but they will continue…
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NASDAQ closed door meeting regarding cryptocurrency

On Friday 27 July 2018, NASDAQ held a secret meeting in Chicago with attendees from half a dozen cryptocurrency companies and traditional exchanges.