Crypto Futures News Platforms 

Digital Currency Group, Polychain Back UK Crypto Futures Exchange Coinflex

“Physically delivered crypto futures exchange Coinflex has attracted two more high-profile crypto investors, Digital Currency Group and Polychain Capital, the exchange tweeted on March 12” writes Helen Partz for cointelegraph.com. Meanwhile, market giant the Intercontinental Exchange (ICE) has recently said that the launch of its crypto platform Bakkt, which is set to include Bitcoin futures trading, is expected later in 2019. Originally announced in August 2018, the digital asset platform’s launch was delayed due to ongoing consultations with the United States Commodity Futures and Trading Commission.In the same announcement, Coinflex…

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Crypto News 

Digital Currency Wallet Abra Adds Direct Support for ETH Instead of as Asset Derivative

“Digital currency wallet and exchange Abra has launched native Ethereum (ETH) support, according to an official blog post published on March 12” writes Marie Huillet for cointelegraph.com. As the Abra blog post outlines, up until now, Abra had only supported Ethereum as a so-called “synthetic asset” — an investment mechanism that creates crypto-collateralized contracts so that users could gain exposure to the altcoin’s price movements, but not hold the coin itself.Users will now be able to receive, hold, sell and buy ETH directly from the Abra wallet, as well as…

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News Regulators 

Hong Kong spends nearly $700M to boost currency

“The Hong Kong dollar recently traded at 7.8498 per U.S. dollar” writes Saumya Vaishampayan for marketwatch.com. The Hong Kong Monetary Authority intervened for the first time this year late last week, selling U.S. dollars to buy 1.51 billion Hong Kong dollars ($192 million) in London and New York trading hours on Friday.The authority moved to prevent the Hong Kong dollar from weakening beyond 7.85 to the U.S. dollar–the weakest level allowed under the financial hub’s currency peg. Source: marketwatch.com

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Crypto News 

Texas Lawmaker Introduces Bill to Ban Anonymous Crypto Transactions

“A member of the Texas House of Representative has recently introduced a bill to ban the anonymous use of cryptocurrencies in the state” writes Arnab Shome for financemagnates.com. Mentioning the bill, Andrew Hinkes, co-founder and general counsel of Athena Blockchain, raised a few critical questions: “Would any existing cryptocurrency or digital currency qualify as a ‘verified identity digital currency’ as defined?. In the bill number 4371, the Republican member of the house Phil Stephenson proposed proper identification of the individuals sending or receiving cryptocurrencies.Stephenson’s move, however, was highly criticized by the…

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News 

Nicola Sturgeon facing grassroots SNP revolt over independent Scotland currency plan

“Nicola Sturgeon is facing a grassroots revolt at next month’s SNP conference over her controversial blueprint to keep the pound and impose spending restrictions in the years immediately after an independence vote” writes Owen Paterson for telegraph.co.uk. The First Minister has backed plans drawn up by the SNP’s growth commission, chaired by former MSP Andrew Wilson, for a separate Scotland to keep the pound for a potentially lengthy transition period before adopting its own currency. Source: telegraph.co.uk

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Crypto News 

US Marshals Service Issues Information Request on Management of Forfeited Crypto Assets

“The USMS has recently published two draft documents including a Request for Information (RFI) for legal procedures of the management and disposal of forfeited crypto assets” writes Cash App Refund for cointelegraph.com. By initiating the RFI, the USMS expects to improve its current custodial operations by maintaining a complete and accurate accounting of the USMS’ virtual currency inventory.The PWS contract includes major activities associated with the management of virtual currencies, including accounting, customer management, audit compliance, managing blockchain forks, wallet creation, transformation of token assets into coin assets and others.In…

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News 

RBI Board Was Not Convinced About Demonetisation, RTI Reply Shows

“The prime minister had announced demonetisation of high-value currency notes with the aim to curb the black money, check counterfeit currency and stop terror finance among others” writes Press Trust Of for huffingtonpost.com. The minutes of the crucial board meeting, which approved the government’s request for demonetisation, recorded the presence of the then RBI Governor Urjit Patel and the then economic Affairs Secretary Shaktikanta Das. Source: huffingtonpost.com

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News 

Australian Cybercrime Squad issues stark warning to digital currency exchanges

“As a result of these changes, the scope of the Act was expanded to include regulation of digital currency exchange providers” reports financefeeds.com. The NSW Police Force and the Australian Transaction Reports and Analysis Centre (AUSTRAC) have earlier today issued a rather stark message to digital currency exchanges regarding their obligations.The obligations of these entities comprise registering with AUSTRAC, verifying customer identity, reporting suspicious matters and over-threshold cash transactions; and complying with record-keeping requirements. “Digital currency exchange providers have had adequate time and opportunity to comply with these new laws and…

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Markets News Regulators 

Euro nears 21-month low after dovish ECB and ahead of US jobs data

“The February U.S. jobs report to be released as 1330 GMT could stack more pressure on the floundering euro” writes unknown author for cnbc.com. The euro struggled near a 21-month low against the dollar on Friday, hurt by a series of dovish signals from the European Central Bank, with the currency market bracing for further volatility ahead of U.S. jobs data later in the day.That in turn would weigh on the euro, caught in a downward spiral after the ECB meeting and also shackled with Brexit woes, Ishikawa said.Economists polled…

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