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In the Daily: Mt. Gox Claims, Crypto Derivatives, Facebook Vacancy, Swiss Regulations

March 22, 2019 |

In the Daily: Mt Gox Claims, Crypto Derivatives, Facebook Vacancy, Swiss Regulations

Mt. Gox rehabilitation trustee Nobuaki Kobayashi has reviewed the claims filed by the exchange’s creditors and we’ve included his announcement in The Daily. Also, Caspian launches crypto derivatives trading in partnership with Deribit, Facebook is looking to hire a blockchain lawyer, and Swiss lawmakers have tasked the federal government with adapting existing regulations to cryptocurrencies.

Also read: Coins at Kiosks, Micropayment Solutions, Token Launchpad, GPU Inventory

Mt. Gox Trustee Completes Review of Claims

The rehabilitation trustee in the Mt. Gox case, Nobuaki Kobayashi, has completed the review of the claims filed by the users of the hacked exchange. According to an official announcement, Kobayashi has approved or disapproved the claims of the creditors concerning their rights to ask for the return of their funds from Mt. Gox and submitted the respective statements to the Tokyo District Court.

In the Daily: Mt. Gox Claims, Crypto Derivatives, Facebook Vacancy, Swiss Regulations

The English translation of the document, dated March 19, reveals that in the coming days the trustee will inform the claimants of the results of his review. Users who have filed their claims through the online filling system hosted on the Mt. Gox website will be able to check the results by logging into their accounts. Other creditors will be notified of the approval or disapproval of their rehabilitation claims via email.

Caspian Launches Crypto Derivatives Trading

Asset management platform Caspian, which works with institutional investors, has announced it’s now offering options and futures crypto trading. The new services will be provided through an integration with the crypto derivatives exchange Deribit. Caspian clients will have access to financial instruments based on bitcoin core (BTC) and ethereum (ETH). Perpetual crypto swaps will also be available.

According to a press release, Caspian connects to the Deribit platform via an API that supports high volumes with low latency, providing traders and investors with access to the exchange’s full options order book. Representatives of the company noted that no fee will be charged on deposits and withdrawals of funds from the platform. Clients will be offered leverage up to 100x.

Facebook to Hire Lawyer Experienced in Blockchain

Social media giant Facebook has recently announced a vacancy for a legal expert with blockchain experience. According to the ad, the future Lead Commercial Counsel will be expected to support the company’s “new initiative in the development of blockchain applications.”

In the Daily: Mt. Gox Claims, Crypto Derivatives, Facebook Vacancy, Swiss Regulations

“You will be responsible for drafting and negotiating a wide variety of contracts related to our blockchain initiatives, including partnerships needed to launch new products and expand such products internationally,” details the job posting published this week on Facebook’s website. The lawyer will also advise clients on the legal risks related to commercial transactions and general operations.

Although the announcement does not explicitly mention digital assets or cryptocurrencies, “experience with blockchain or payments technology” is among the minimum qualifications candidates are required to have. They should also have prior experience in dealing with the legal issues arising from blockchain applications and payment systems.

Swiss Lawmakers Want Crypto Regulations

The Federal Assembly, Switzerland’s legislature, has approved a proposal to task the Alpine nation’s government with adapting the existing provisions and procedures used by the judicial and administrative authorities so that they can be applied to cryptocurrencies. The motion filed by Giovanni Merlini, a member of the Swiss parliament, was approved in a 99 to 83 vote with only 10 abstentions.

In the Daily: Mt. Gox Claims, Crypto Derivatives, Facebook Vacancy, Swiss Regulations

According to an announcement published on the assembly’s website, Merlini insisted on the importance of closing the gaps in the protection against abuse in the crypto space. The lawmaker noted that cryptocurrencies could be issued to anyone via decentralized, peer-to-peer networks and warned that many of them are anonymous. This, in his opinion, favors extortion and money laundering.

The Federal Council, the Swiss central government, is now expected to clarify how the risks can be contained and whether entities operating crypto trading platforms should be subjected to supervision by the country’s financial watchdog, Finma.

What are your thoughts on today’s news tidbits? Tell us in the comments section.


Images courtesy of Shutterstock.


At Bitcoin.com there’s a bunch of free helpful services. For instance, have you seen our Tools page? You can even lookup the exchange rate for a transaction in the past. Or calculate the value of your current holdings. Or create a paper wallet. And much more.

The post In the Daily: Mt. Gox Claims, Crypto Derivatives, Facebook Vacancy, Swiss Regulations appeared first on Bitcoin News.

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