German Regulator Halts Crypto.Exchange Company

The German regulator claims the company has been offering Bitcoin exchange services without proper regulatory permission
30 January 2018   201

The Federal Financial Supervisory Authority (BaFin), the financial regulatory authority for Germany, ordered the Crypto.exchange company to halt these specific services immediately, saying the company is essentially operating a financial commission business without regulatory authorization.

Crypto.exchange, a Berlin-based company has been advertising a new service, in which it offers to sell clients’ Bitcoins across cryptocurrency exchanges, and transfer the coin’s value in Euros to client accounts, within 30 minutes of the transaction’s execution.

Crypto.exchange GmbH, released a statement on their website, claiming that the company had already been audited by BaFin. However, recent complaints made by clients regarding the execution of the services have brought about new scrutiny with regard to the Bitcoin to Euro exchange services.

Some clients are claiming that they did not receive payment in any form, after they had already transferred Bitcoins to the company. The company’s website is currently down, which further raises suspicion over the entire operation.

Genesis Conference to be Held in London

Genesis Conference will cover research and development, regulation, economics and applications issues, taking place in London on February 22
21 February 2018   28

Genesis London Conference will take place on February 22, tackling the most pertinent issues in blockchain space: research and development, regulation, economics and applications.

Genesis London is a platform for researchers, developers and generally anyone interested in blockchain, and its priority is to share knowledge, facilitate productive discourse and filter out the hype.

Location: The CityPoint building, 1 Ropemaker St, London, EC2, UK
Date and time: 9:30AM - 8PM, February 22, 2018

The agenda of the conference includes Privacy and Confidentiality Techniques for Blockchains; Permissioned Business Blockchain Applications and Use-cases; Scalable, Transparent and Post-quantum Secure Computational Integrity, with Applications to Cryptocurrencies; A Rational Protocol Design Treatment of Bitcoin, and more.

The headline speakers include Patrick de Laive, co-founder of TNW; Margarita Khartanovich, head of insight at Binary District; Jack Gavigan, chief operating officer at ZCash; Jeremy Kahn, technology writer for Bloomberg, and many more.