1. US Treasury Secretary: Bitcoin a “national security issue,” cryptocurrency dominated by illicit activity and speculation
Following President Trump’s derisive tweet about Bitcoin, U.S. Secretary of the Treasury Steven Mnuchin held a briefing on regulating Bitcoin and Facebook’s Libra because of their use in criminal activity and the threat they pose to the financial system.
[Source: Cryptoslate] ✩✩✩✩
2. Facebook’s testimony to Congress: Libra will be regulated by Swiss
The head of Facebook’s blockchain subsidiary Calibra David Marcus has released his prepared testimony before Congress for tomorrow and Wednesday, explaining that the Libra Association will be regulated by the Swiss government because that’s where it’s headquartered. Meanwhile, he says the Libra Association and Facebook’s Calibra wallet intend to comply will all U.S. tax, anti-money laundering and anti-fraud laws.
[Source: TechCrunch] ✩✩✩✩
3. Seed CX’s Subsidiaries Win Two Coveted Bitlicenses in New York
Institutional-focused crypto exchange Seed CX has received a coveted license to deal in cryptocurrencies in New York. Two subsidiaries were each granted a so-called BitLicense by the NY State Department of Financial Services (NYDFS), joining only 20 other companies that were granted this license, which allows to legally operate as a money transmitter and cryptocurrency exchange.
[Source: FinanceMagnates] ✩✩✩✩
4. Ripple adoption gets another boost after Santander bank launches new payment corridor
Spanish banking giant Banco Santander has announced its One Pay FX, a digital banking app powered by Ripple for cross-border payments, has added a new corridor to its blockchain powered service.
Following an update of the app last week, the iOS app now supports instant payments between the UK and Poland.
[Source: DecryptMedia] ✩✩✩✩
5. UK Announces ‘Dirty Money’ Crackdown, Including Tougher Crypto Regime
The U.K. government has drawn up an action plan aimed to combat financial crimes that it says will include “action on cryptoassets.”
The new Economic Crime Plan from H.M. Treasury and the Home Office is aimed to overhaul the way economic crime is tackled, building better cooperation between government, law enforcement and the private sector, according to an announcement on Friday.
[Source: Coindesk] ✩✩✩✩
6. India: Leaked Draft Bill Would Ban All Crypto Except Digital Rupee
An unverified document published to Scribd by tech lawyer Varun Sethi on July 15 appears to reveal a draft bill entitled “Banning of Cryptocurrency & Regulation of Official Digital Currencies.” Even if authentic, the bill will not allegedly be debated during the 2019 Monsoon session of the Indian parliament, according to one local crypto industry figure.
[Source: Cointelegraph] ✩✩✩
7. South Korea’s Shinhan Card Develops Blockchain Payments Network
South Korea’s biggest credit card operator, Shinhan Card, announced on Monday it had been granted a domestic patent and was developing a blockchain-powered payments system.
[Source: CryptoGlobe] ✩✩✩
8. Siemens Evaluates Blockchain Potential For Carsharing
Since bitcoin’s inception ten years ago, a plethora of mainstream entities have investigated various ways to channel blockchain’s potential. Automation giant Siemens is evaluating the technology for various enterprise use cases, including improving the carsharing market.
[Source: Forbes] ✩✩✩
9. Buterin Proposes Bitcoin Cash Integration to Scale ethereum in Short Term
Ethereum co-founder Vitalik Buterin has proposed to using the Bitcoin Cash blockchain as a temporary scalability solution for the Ethereum network. The programmer introduced a summary of the idea in a July 13 post on the Ethereum Research
[Source: Cointelegraph] ✩✩✩
10. Market Maker Altonomy Raises $7M in Funding Round Led by Polychain Capital
Cryptocurrency asset management firm Altonomy has raised $7 million in a seed round from digital assets investment company Polychain Capital, according to a press release on July 15.
[Source: Cointelegraph] ✩✩✩
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