Netherlands Plans to Punish Crypto Scammers With Up to 6 Years in Jail – CoinDesk

The Netherlands is planning on bringing in harsher penalties for scams involving banking apps and cryptocurrencies. Proposed new legislation from the country’s Ministry of Justice and Security is aimed to align penalties for fraud utilizing these newer payment methods with those for crimes involving more traditional payments such as credit cards. Card crime already has […]

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HSBC to Track $20 Billion in Assets on a Blockchain Next Year – CoinDesk

HSBC bank is planning on tracking roughly $20 billion in assets on a blockchain-based custody platform early next year, Reuters reported Wednesday. According to the report, HSBC intends to move its current paper-based records onto its Digital Vault platform by March 2020, allowing investors to track securities in real-time. The U.K.-based bank will specifically digitize […]

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Brazilian Bank Aims to Raise $15 Million Through Security Token Offering – CoinDesk

A Brazilian investment bank is planning to raise millions of dollars through the offering of a security token. In an announcement Thursday, Banco BTG Pactual said it will back its blockchain-based token with distressed Brazilian real estate assets, with the expectation of raising up to $15 million. It will also establish a secondary market following the sale in […]

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World’s Oldest Art Auction House to Use Blockchain: Christie’s and Artory

Christie’s, the world’s oldest art auction house, is planning to use blockchain technology to register one of the greatest privately owned collections of American Modernist art. The Barney A. Ebsworth Collection is estimated to exceed $300 million at the auction. The star-studded collection contains American Modernist classics by artists such as Hopper, Sheeler, O’Keeffe, de […]

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