Japanese FSA Reviews Crypto Regulations, Stricter Rules In Sight

After Coincheck hack, Japanese financial watchdog, FSA is putting greater oversight on cryptocurrency exchanges that have led many small operators to look for a way out.

https://goo.gl/d4UXEX

Are Drying ETH Mining Profits Reason For ETH Price Drop?

One of the integral factors for this drop in ETH value is the mining as there has been a huge influx of miners that have increased the difficulty while decreasing the profitability from mining an ETH.

https://bit.ly/2GPSdz4

South Korean Crypto Exchanges To Self-Regulate To Stabilize Crypto Market

The Korean blockchain association has come forward to introduce the self-regulatory standards for cryptocurrency exchanges. 23 South Korean exchange operators have agreed to go under the review that will also request banks for new virtual accounts that the banks have yet to issue.

https://bit.ly/2v5Suwo

One of the largest cryptocurrency exchanges, Bitfinex has been accused of being involved in money laundering scheme. The exchange conducted an internal investigation and concluded the allegations to be “untrue and unfounded”.

https://coingape.com/bitfinex-accused-of-money-laundering-allegations/

With cryptocurrencies struggling, the governments, corporations, and financial institutions have shifted their focus to the blockchain technology as evident from European countries signing the Eu Blockchain Partnership to develop and promote this technology.

https://coingape.com/eu-blockchain-partnership-of-22-countries/

UK’s Central Bank To Regulate Private Blockchain Data Via Proof-Of-Concept

The central bank of UK, the Bank of England (BOE) is developing a Proof-of-Concept (PoC) that will allow them to maintain privacy while having a regulatory oversight of the data on distributed ledger technology (DLT), which is still in the exploration stage.

https://bit.ly/2HdUtnb

Australia’s Clear Crypto Regulations Make It A Hot Spot for Crypto Exchanges

Recently, AUSTRAC released new regulations for crypto exchanges that make it easy for them to operate their businesses by getting registered and following the AML/CTF Rules. Australia’s clear stance came as a positive step amongst the onslaught of unfavorable crypto regulations worldwide.

https://bit.ly/2HwShFa

We all know what Bitcoin is, but how it really got going, not many would be knowing it.
For this, we are coming up with the series of events that affected the growth of Bitcoin.
stay tuned for more.

Bitcoin price surges almost $1000 in less than 20 minutes, ethereum spikes to $470.

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