Bitcoin now legal in South Korea, India, and “at par” with fiat in France
Against a grim macro outlook, there was some good regulatory news last month. A French court ruled that bitcoin is a legally recognized currency. The Indian Supreme Court overturned India’s crypto banking ban, and South Korea has now fully legalized crypto assets within its borders.
French investment firm Napoleon Asset Management launches regulated Bitcoin fund
Investment company Napoleon Asset Management has received approval by the French financial regulator to launch a regulated fund that provides exposure to crypto assets for institutional investors and high-net-worth individuals.
Libra launch date unchanged despite backlash from European regulators
French and German regulators have launched a new attack on Facebook’s Libra, saying that it is a threat to the financial sovereignty of nations. In response, the Libra Association has doubled down, promising to work with regulators, but committing to a 2020 launch.
BNP Paribas Securities Services expands its blockchain platform for private stocks
BNP Paribas Securities Services recently announced that it’s “expanding its blockchain platform for private stocks.” The aim is to enable private companies to legally issue minibonds via crowdfunding platforms, in accordance with the new French crowdfunding regulations. “Issuers and investors will benefit from a standardised process, which will ensure financial transactions are performed quickly, efficiently and securely,” the company said.
