EU Regulators to Discuss Crypto Regulation

A high-level roundtable on cryptocurrencies will take place on 26 February
20 February 2018   973

According to the press release, European Commission vice president Valdis Dombrovskis informed that this meeting will involve central banks’ representatives as well as the bloc's market supervisors. Also, market players will be invited to speak. Their names were not mentioned.

Next week, on Feb. 26 I will chair a high-level roundtable on virtual currencies. The Commission has invited key authorities, including central banks and supervisors, as well as market players to share their insights.

Valdis Dombrovskis

European Commission vice president

Dombrovskis stated that the aim of this discussion is to look at long-term trends linked to cryptocurrencies, and examine if current regulation is fit for purpose.

It is very notable that the meeting will take place soon, given that some European leaders including France and Germany, in particular, have called for more discussions around the topic.

Fidelity Investments to Launch BTC & ETH Platform

New platform is designed for institutional investors
16 October 2018   189

One of the world's largest asset managers, Fidelity Investments, announced the launch of a unit focused on providing institutional investors with Bitcoin and Ethereum services. The Forbes reports.

The new division received the name Fidelity Digital Assets and, possessing a staff of 100 employees, will provide a platform for trading cryptocurrencies and consulting services 24/7.

The platform already has first customers, but its launch for a wider range of investors is scheduled for the beginning of 2019.

This is a recognition that there is institutional demand for these assets as a class. Family offices, hedge funds, other sophisticated investors are starting to think seriously about this space.
 

Tom Jessop

Founding head, Fidelity Digital Assets

In particular, Fidelity Digital Assets will offer a transaction service that, using internal cross-connect and order routers, will trade through third-party liquidity providers.

One of the most popular offers by the company can also be a service for storing Bitcoin and other cryptocurrencies. It is physical storage, distributed in different geographical locations and offering the so-called "cold" storage of digital assets. This way of storing cryptocurrencies without access to the Internet and with a multi-level control system is considered to be one of the safest and most resistant to hacking today.

As the CEO of Fidelity Investments, Abigail Johnson, said, the goal of the new platform is to make digital assets like Bitcoin more accessible to investors.

Fidelity Investments is considered the fifth largest asset manager in the world, offering investment and custody services to 13,000 consulting firms and brokers. In total, the company manages assets worth $ 7.2 trillion.