Podcast Host to Call For Proof of Keys 2020

The goal of the campaign is to demonstrate the monetary sovereignty of Bitcoin users
06 November 2019   158

The leading podcast of Bitcoin Knowledge, Trace Meyer, urged to repeat the Proof Of Keys campaign and withdraw all bitcoins from exchanges on January 3, 2020.

The purpose of the campaign is to demonstrate the monetary sovereignty of Bitcoin users, strengthen the consensus of the network and confirm the solvency of exchanges.

Meyer encouraged the participants to add a number of characters and the date of the action to the Twitter nickname.

MAS May Allow BTC Derivatives to Approved Desks

The Singapore watchdog's initiative is related to interest in this type of assets of hedge funds and institutional investors
21 November 2019   87

Listing and turnover of cryptocurrency derivatives in Singapore may be allowed on regulated exchanges. This was stated by the country's Monetary Authority (MAS), writes Bloomberg.

The regulator's initiative is related to interest in this type of assets of hedge funds and institutional investors.

So far, according to the law of the country, payment tokens - these include bitcoin and ether - are not assets that can form the basis of regulated derivative financial instruments.

As reported, under the proposal, trading of derivatives on common cryptocurrencies such as Bitcoin and Ether will be subject to the Securities and Futures Act, the Monetary Authority of Singapore said Wednesday in a statement. The plans are in response to interest from hedge funds and asset managers that trade such products. 

Legal sites in Singapore include the Asia-Pacific Exchange, ICE Futures Singapore, the Singapore Derivative Exchange and the Singapore Stock Exchange.

The Central Bank hopes that this initiative will satisfy the need of large investors in managing their payment tokens under state control.

At the same time, MAS emphasized that derivatives of payment tokens are not a suitable financial instrument for retail investors due to high volatility.