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Politicians in the UK, where four banks control 75% of deposits, were particularly keen on the laws goal of encouraging new entrants.
A consortium led by a prominent Seoul plastic surgeon purchased a controlling stake in South Korea's largest cryptocurrency exchange, reports said Friday. (BTC
The fund, which will be announced shortly, will be raised by the private sector and would be a major step in the direction of developing the funding ecosystem.
The seller, a South Korean businessman with a company specialised in the crypto-currency in Singapore, accepted the proposition nevertheless and met the Serbian buyer in July.
His departure comes after Facebook exempted Coinbase from its recent ban on cryptocurrency-related ads.
Blockchain is a digital ledger of transactions that has underpinned bitcoin, the original digital currency. (BTC
The prince, who has a knack for early-stage investing in technology companies, joins the likes of JPMorgan Chase & Co. Chief Executive Officer Jamie Dimon in lambasting the cryptocurrency. (BTC