Cryptocurrency exchange Coinbase has launched a venture fund to invest in early-stage crypto and blockchain startups
Coincheck, a Japanese cryptocurrency exchange that made news in January when hackers stole $500m of customers' deposits, has been sold to Japanese retail broker Monex for $34m (3.6bn yen).
The Reserve Bank of India (RBI) has banned regulated banks and its account holders from dealing in cryptocurrencies.
An initial coin offering (ICO) that raised $32m and was backed by celebrity boxer Floyd Mayweather has been dealt a knockout blow after the US Securities and Exchange Commission (SEC) arrested the company's founders for fraud.
The South African Reserve Bank (Sarb) is setting up a dedicated unit to monitor cryptocurrency and fintech developments and inform future regulations and its first job will be to set up a proof of concept (PoC) for DLT-based interbank clearing and settlement.
Swiss supervisory watchdog Finma has identified cyber security risks as it chief policy concern for 2018.
Studies conducted by the European Central Bank and the Bank of Japan on the feasibility of using distributed ledgers for delivery-versus-payment in securities settlement have concluded that although conceptually possible, further analysis of safety and efficiency issues is warranted.
PKO Bank Polski is tapping technology from blockchain outfit Coinfirm to build an immutable record of client transactions and agreements.
JPMorgan is considering spinning off its blockchain project Quorum as an independent entity.
Deutsche Börse is to work with liquidity and collateral management outfit HQLAx and blockchain consortium R3 to create a front-to-back operating model for securities lending.
© Finextra Research 2018