Crypto Currency - MSC NewsWire

Pros and Cons of Ripple; Huge Ambitions and Risks

Richard Silverman penned this article on whats behind Ripple and it's future. The CEO of Ripple, Brad Garlinghouse has many reasons to feel good, being in a conference in Toronto with money maverick Ben Bernanke and crypto-genius Vitalik Buterin. – Yes, Ripple network itself is expanding quickly as it is among few digital currencies that has intrinsic value and has started more and more to be used in real world business, having licenced more than 100 banks and financial institutions to use its blockchain technology. XRP is the only digital asset with a clear use case – it’s the best…

FMA launches guidelines on cryptocurrency

The Financial Markets Authority (FMA) has published a commentary on initial coin offers (ICOs) and cryptocurrency services, alongside online resources for investors. The FMA said it wanted to facilitate responsible innovation, and ensure that the regulatory regime remain relevant and agile. The FMA said this was supported by the Financial Markets Conduct Act 2013, that sets out one of its principle purposes is to “promote innovation and flexibility in financial markets”. The FMA said it regularly engages with other regulators and industry bodies (both locally and internationally) on innovation and market flexibility. The FMA said its work in this area…