ING Bank Tests Crypto Assets Storage Solution

ING Bank Tests Crypto Assets Storage Solution

For the first time, the Dutch bank ING disclosed information about preliminary testing of a digital asset storage solution that was developed as part of the Pyctor project. At the Singapore Fintech Festival, ING Blockchain Leader Herve Francois spoke about the work done under the Pyctor project. The project develops infrastructure for storage and post-trading of cryptoassets, and this year was included in the regulatory sandbox of the UK Financial Conduct Authority (FCA). Pyctor is…

France may tighten regulation of the cryptocurrency industry

France may tighten regulation of the cryptocurrency industry

The French Ministry of Finance has prepared a package of documents tightening the regulation and requirements for user identification (KYC) for cryptocurrency platforms. In addition to tightening KYC requirements, the resolution proposes to ensure regulation of all cryptocurrency transactions, even without the participation of fiat currencies. The French cryptocurrency association ADAN has been granted access to the document as a “trusted participant” in issues related to digital assets. According to ADAN President Simon Polrot, the…