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UBS CEO: Blockchain Is ‘Almost a Must’ for Business

The CEO of Swiss financial services giant UBS Group AG endorsed blockchain technology in an interview, suggesting that it is “almost a must” for business. Sergio Ermotti told CNBC Monday that the technology can help companies become more efficient, thereby reducing costs for certain operations. In general, technology will help …

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Major Crypto Exchanges Face Action Over Money-Laundering Fears

Japan’s financial watchdog is reportedly planning to force improvements at a number of licensed cryptocurrency exchanges over perceived issues with internal systems, including anti-money laundering (AML) measures. According to a report from Nikkei on Tuesday, the country’s Financial Service Agency (FSA) intends to ensure full compliance with current AML rules …

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