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UBS Wants Money Laundering Charge Dropped The tax fraud and money laundering trial in France of its executives and UBS Group AG started after seven years of investigation. The largest bank in Switzerland with offices in more than 50 countries has asked for the French constitutional court to”drop money laundering charges and limit proceedings to complicity in tax fraud, which …

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The AMCM Informed Local Financial Institutions That They Must Not”Participate in or Provide… Financial Services Related to [Virtual Currencies]” China’s recent cryptocurrency crackdown has sparked the ban on financial institutions providing services to firms operating with bitcoin of macau. The Monetary Authority of Macau states that”due to recent happenings of financing activities through issuance of tokens in the Mainland, financial …

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Taiwan to Regulate ICOs FSC Chairman Wellington Koo. The chairman of Taiwan’s Financial Supervisory Commission (FSC), Wellington Koo, has reportedly confirmed that the commission is drafting national standards for first coin offerings (ICOs). The FSC aims”to make virtual tokens as easy to invest in as shares and just as liquid,” the Taipei Times reported on Oct. 23. In a finance committee …

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Suchflex Turning Idle Computing Power Into an Incentivized Distributed System A great deal of people leave their computers running 24/7, and that power can be turned by Suchflex into a passive income. The Alchemist Accelerator-funded startup aims to create the world’s largest data center service without owning servers. Its platform was in beta since August and has been operations since then. …

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ICO Activity Plummeted ICO action was significantly down in September, according to a study by Autonomous Research. The firm wrote: Last month saw about $300 million in ICO funds increased, with the month before that revised into a bit over $400 million, a far cry from the $2.4 billion in January of this year. The highs go implying that monthly …