I first met Loretta Joseph at the CogX conference at Tobacco Dock in London’s Wapping last June. I recently caught up with her via a WhatsApp call when she was in Istanbul en route from Mauritius to Serbia. As a former banker, with 25 years of experience, she has advised international banks, hedge- and pension-funds on managing portfolio and exposure to derivatives and related products. She has worked for investment banks in Asia and Europe and consequently holds expertise in financial markets, multiple asset classes and emerging market environments. In January 2018, she and a group of blockchain enthusiasts were asked by Bermuda’s premier, David Burt, at the World Economic Forum in Davos to fly to the British island territory and advise on regulations. This was the start of a whirlwind 18 months, advising the governments of Malta, Mauritius, Nigeria, Antigua & Barbuda and Serbia. Commodities not currencies “I have been involved with blockchain technology since … [Read more...] about Commonwealth: Blockchain regulation multiplier?
MOSCOW, Mar 18 (PRIME) -- A law regulating issuance, control, and circulation of digital financial assets, or cryptocurrencies, in Russia may come in force in October, according to the amendments backed by the financial market committee of the State Duma, the parliament’s lower house, seen by PRIME on Monday. All the amendments were recommended for approval on Tuesday along with a corresponding bill in the second out of three mandatory readings by the State Duma. The amendments exclude a clause stipulating that digital financial assets are not a legal means of payment in the country. A clause regulating issuance of such assets will be added to the bill. End 18.03.2019 15:23 … [Read more...] about Law on cryptocurrency regulation may take effect in October
0 Have your say The rise of cryptocurrency means financial firms may have to replace much of their internal IT infrastructure. That was one of the messages delivered at the ScotChain18 conference in Edinburgh this week which explored the effects that the rise of Blockchain will have on commerce. The not for profit event was hosted at RBS Gogarburn in Edinburgh on Thursday and was organised by data recruiter MBN Solutions and blockchain specialist Spiritus. Jeremy Drain of crypto systems firm Libra said: “There’s an assumption by some companies that their current infrastructure will accept crypto and blockchain. “The data is just so different that their systems can’t work with it. “We have been educating customers in what are the minute differences between data structures that don’t allow your systems to work and that it is better to buy new than repurpose your old … [Read more...] about Company IT infrastructure struggling to keep up with cryptocurrency
In November 2017, bitcoin was in the middle of a remarkable price surge that would see its value rise 10-fold over the course of six months. By mid-December, one bitcoin was worth close to $20,000 (£15,000), but that was the high water mark before the tide turned. A year later, bitcoin is trading at around a third of its peak value but some cryptocurrency analysts believe the market might be on the verge of mirroring the gains it experienced in late 2017. The only caveat is that it might not be bitcoin that leads the charge this time. Overstock CEO Patrick Byrne, who was behind the online retail giant becoming one of the first places to accept bitcoin back in 2014, said that he still expects the mass adoption of cryptocurrency, without specifying which one. Speaking to bitcoin enthusiast Naomi Brockwell on her YouTube channel, Mr Byrne said he remained highly sceptical of the traditional financial system. When asked if he saw bitcoin becoming a worldwide … [Read more...] about Cryptocurrency market on brink of ‘price explosion’ but bitcoin won’t trigger it, experts predict