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Boerse Stuttgart is going deeper into crypto. The German stock exchange is planning to set up a new trading venue that would allow the exchange of tokens from the ICOs it wants to host, as well as established cryptocurrencies. Custody services will also be offered to crypto investors.
Trading Venue, ICO Platform and Crypto Custody
Germany’s second largest stock exchange, Boerse Stuttgart, is expanding its crypto-related investments. It has announced intentions to create a “multilateral regulated trading venue” for cryptocurrencies with safe storage services for digital assets. The Boerse also intends to develop a new platform for conducting Initial Coin Offerings (ICOs).
Google just nixed any app that mines cryptocurrencies from its Play Store.
With a recent update to the store’s policies, the tech monolith rewrote its stance on cryptocurrency apps.
We don’t allow apps that mine cryptocurrency on devices. We permit apps that remotely manage the mining of cryptocurrency.
As the latter half of the policy indicates, other mining applications, such as those that facilitate cloud and other forms of remote mining, will not be removed.
The US remains a leading destination for ICO projects according to a new study that also ranks Switzerland and Singapore in the top three. The report notes that authorities in other jurisdictions, like Russia and Estonia, are working to adopt favorable regulations in order to attract more crypto startups. The findings coincide with another study identifying 78% of all ICOs as scams.
Australia’s financial regulator is cracking down on deceptive and misleading initial coin offerings (ICOs), citing “a serious breach of the Australian law.” As a result of the regulator’s inquiries, some issuers have halted their token sales or are modifying their structures.
ASIC Takes Action Against ICOs
The Australian Securities and Investments Commission (ASIC) announced on Tuesday that it is taking action “on misleading or deceptive conduct in the marketing and selling of digital or virtual tokens via initial coin offerings (ICOs).”