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Top-3 Important Security Tokens News (Week #38)

Top-3 Important Security Tokens News (Week #38)

We have prepared for you the most important news from the Security Tokens area for the past week (29 Jul - 4 Aug, 2019). UK Finance Watchdog Issues STO Guidance, Polymath Launches Upgrade and more.

1UK Finance Watchdog Issues Guidance on Regulation for Bitcoin and Crypto Assets

The U.K. Financial Conduct Authority (FCA) has finalized its guidance on crypto assets, clarifying which tokens fall under its jurisdiction.

Most of the rules issued Wednesday were proposed in consultation paper CP19, which was released for public comment in January. As widely expected, the final guidance does not drastically alter the regulatory landscape, instead specifying when certain types of crypto assets fall under existing categories. View source

2Crypto Exchange and Custodian Smart Valor Goes Live in Switzerland

Smart Valor has secured a fresh $3.25 million round of investment, led by Venture Incubator, alongside Tally Capital and other Asian and U.S. investors.

With the basic exchange now live, more tokens will be added monthly, with the goal of making it a leading exchange for security tokens backed by real-world assets, the company said in a press release. View source

3Polymath Launches ‘Poho’ Upgrade For Its Security Token Standard

Polymath Network, a platform specializing in security tokens, has announced a new update to their protocol. Their ST-20 security token standard is now compliant with the ERC-1400 protocol on Ethereum. View source

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