FCA Accuses Banks of Anti-Competitive Practices Towards DLT Start-Ups (news.bitcoin.com)

The UK financial regulator, the Financial Conduct Authority (FCA) has accused financial institutions of withholding financial services from distributed ledger technology (DLT) start-ups on a wholesale basis. The assessments have been published in a report examining the outcome of the nation’s ‘regulatory sandbox’ one year after its launch.

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Op Ed: The Future Is Bright — for 3 Out of 4 Blockchain-Based Startups (bitcoinmagazine.com)

More than $ 35 billion worth of new investment has poured into cryptocurrencies since the beginning of 2017, and famed investor Tim Draper is publicly supporting Tezos’s ICO.With news like that, it’s pretty clear to anyone watching that the world of blockchain technology and decentralized-based solutions is heating up rapidly. As investment and activity increase, so does the need for greater differentiation…

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Bitcoin Startups Challenging Big Banks Profits (news.bitcoin.com)

Big banks are increasingly worried about losing profits to fintech companies such as Bitcoin startups. Eighty-eight percent of banks’ executives believe that their businesses are at risk of losing revenues to these new entrants, according to a recent survey. This profit loss could be as high as 10 percent at Santander Bank, a leaked memo shows.
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