• FCA bans crypto derivatives
    Cryptocurrencies,  Regulation

    U.K. regulator shuts small investors out of crypto derivatives

    The Financial Conduct Authority prohibited the sale of cryptocurrency derivatives to retail customers, starting today, to protect consumers

    The regulator explained that the reason it believes that to be true is that the cryptocurrencies underlying such derivatives “have no reliable basis for valuation.” Beyond that, the presence of financial crime and market abuse in the crypto secondary market also makes reliable information hard to get. The FCA also cited the extreme volatility in cryptoasset valuation and the inadequate understanding of crypto by retail investors.

  • 3iQ bitcoin fund Europe

    3iQ brings its Bitcoin Fund to Europe, via Gibraltar

    As bitcoin funds become more accessible to mainstream investors, adoption should increase, says Gibraltar Stock Exchange CEO Nick Cowan

    3iQ’s Bitcoin Fund aims to allow institutional investors to gain exposure to Bitcoin’s volatility without having to buy and safekeep the cryptocurrency themselves.

  • Gemini allows Zcash privacy
    Cryptocurrencies,  Regulation,  United States

    Gemini says yes to a privacy coin. Sort of…

    Crypto exchange claims that its Zcash initiative ‘demonstrates that with the right controls in place and the proper education, regulators can get comfortable with privacy-enabling cryptos’

    New York-based, regulator-friendly Gemini now allows its users to withdraw Zcash with shielded transactions that protect user privacy. The company, run by Tyler and Cameron Winklevoss, commented: “This is an exciting moment for crypto, marking the first time shielded ZEC withdrawals are available on a regulated exchange.”

  • Cryptocurrencies

    God save the queen: Gemini brings the UK crypto

    The crypto exchange of the Winklevoss twins, Gemini, launches its services in the UK following regulatory approval

    “Going live with our full services available in GBP in the UK is another exciting step forward in Gemini's international expansion, advancing our mission to empower individuals and organizations around the world through crypto," said CEO Tyler Winklevoss.