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The new rating services could enable a migration of the $117 trillion debt securities industry, which is administered and governed by custodians and trustees, to a decentralized financial network, Michael Brawer, chief operating officer at Morningstar Credit Ratings, said in a Forbes interview on Tuesday.The rating arm of Morningstar will give publicly available ratings of one to five stars to the crypto assets, while launching a premium custom service that uses its internal modeling to help a client evaluate such investments.

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WEG Bank AG shareholder Derek Capo, founder of TokenPay, told CoinDesk he still believes his German bank will have first-mover advantage when it comes to serving European crypto companies.“Today, [WEG Bank AG] is already operating and has corporate crypto clients with plans for business-to-customer services,” Capo said. “Things always take longer than expected.”Howard Surloff has joined the crypto firm as the first general counsel to join Blockchain’s executive team. Also on the executive team is the company’s president and chief legal officer, Marco Santori.

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change of this magnitude is hard and requires courage + it will be a long journey. For Libra to succeed it needs committed members, and while I have no knowledge of specific organizations plans to not step up, commitment to the mission is more important than anything else;“We’re very calmly, and confidently working through the legitimate concerns that Libra has raised by bringing conversations about the value of digital currencies to the forefront,” he wrote, adding:

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“Change of this magnitude is hard and requires courage + it will be a long journey. For Libra to succeed it needs committed members, and while I have no knowledge of specific organizations plans to not step up, commitment to the mission is more important than anything else.”“We will respond to them with an open mind, with an attitude that same risks require same rules,” Branson said at a Bloomberg event in Zurich..Noting that Switzerland’s “rules and standards are non-negotiable,” Branson continued to say that Libra “is something which is being done transparently.”

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The meeting did reveal that two large claimants for Mt. Gox’s remaining funds – Mt. Gox’s parent company Tibanne Co. (led by the exchange’s former CEO Mark Karpeles) and Mt. Gox’s unsuccessful U.S. partner, CoinLab – have litigated claims previously denied by the trustee.Tibanne asked for 82,507.7 BTC and $3.5 million (386 million Japanese yen) while CoinLab requested $15.7 billion (1,690 billion Japanese yen). The trustee approved the basis of the claims, but disputed the amounts demanded. The court hearing the case approved the trustee’s assessment, and Tibanne has filed an appeal in the higher court, according to the trustee.

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Kobayashi’s team has burned through about $1.5 million (155 million Japanese yen) over the last six months and has now recovered a total of $644 million (69.4 billion Japanese yen) in previously lost funds. The creditors are due to meet the trustee again in March 2020.In a blog post Tuesday, the company announced the settlement without admitting fault. It will pay disgorgement of $120,000, prejudgment interest of $24,602 and a civil money penalty of $80,000. At the time of the 2014 token sale, Nebulous raised approximately $120,000.