Cryptocurrency News for 4 Oct 2017

 

What, Jamie? Bitcoin Price Regains Pre-FUD $4,400 Heights, NEO Jumps 15%

 

Bitcoin prices finally shrugged off the negative impact of Jamie Dimon and China Monday to pass $4,400.

As of press time, BTC was trading at around $4,440, marking its highest level since Sep. 9.

The achievement continues a trend which began in the last week of September, with prices jumping almost $1,000 in the intervening days, data from Bitcointicker shows.

Chinese regulatory posturing including the slow shutdown of its exchange industry, as well as negative comments from JPMorgan CEO Jamie Dimon, saw last month drag down markets across cryptocurrency.

While Chinese investors soon rallied to find alternative means to continue trading, a raft of well-known figures likewise came out in support of Bitcoin against Dimon.

With the ‘FUD’ effect now in reversal, a further surge in prices Sunday came as the results of an "illegal" referendum in Spain on the independence of Catalonia returned an alleged 90 percent of voters in favor.

The impact on Bitcoin strictly due to this event is being increasingly reported, yet the evidence is dubious, according to commentators from within the crypto sphere such as WhalePanda.

Full story at http://bit.ly/2g2WCmP

Source: CoinTelegraph

 

Goldman Sachs Contemplates Creating a New Bitcoin Trading Operation

 

The Manhattan-based financial management service, Goldman Sachs Group, says that it’s looking into entering the world of bitcoin trading markets according to a report from the Wall Street Journal. The publication’s columnist, Paul Vigna, explains that people familiar with the matter say Goldman Sachs is interested in dealing with bitcoin trading markets. The source explained Goldman’s plan is in its “early stages,” but is the first Wall Street firm to show this much interest in the bitcoin trading arena.    

“In response to client interest in digital currencies we are exploring how best to serve them in this space,” a Goldman spokeswoman told both the Wall Street Journal and CNBC news outlets.

Goldman Sachs interest in bitcoin started off with the firm discounting nearly every benefit the technology had to offer a few years ago. A couple of years down the line the financial management company suddenly couldn’t stop talking about bitcoin and this time highlighting its positive attributes. Goldman Sachs also has technical stock and forex analysts watching the market closely and has given investors trading advice in a few market reports. Just recently a lead technical strategist at Goldman, Sheba Jafari, has been plotting charts and predicting price waves for clients. Reports revealthat the company started covering bitcoin markets due to “numerous client requests.”

Full story at http://bit.ly/2hMc9LI

Source: Bitcoin News

 

Bitcoin: Is It A Fraud Or Is It The Future Of Currency?

 

Jamie Dimon, CEO of JP Morgan Chase, recently labeled the leading digital currency, Bitcoin, a “fraud,” likening it to the 17th century tulip bulb mania and adding that he would fire any employee caught trading it. But on October 2, the Wall Street Journal reported that rival Goldman Sachs is considering trading in cryptocurrencies, potentially the first Wall Street firm to do so.

For me, the jury is still out. Here’s why.

Back in the 1960s, I partnered with a commodities broker at the then-existent Hayden, Stone brokerage firm to form the Comsec Fund, a mutual fund that could trade commodities as well as other securities. I provided a statistical trading system; he handled administration and sales. Hedging was an important feature of the fund, since trading in commodities requires frequent short selling of commodities contracts. Registering the fund with the Securities and Exchange Commission was difficult and time-consuming. We had to persuade staff members that hedging both securities and commodities contracts was an acceptable investment strategy and not mere speculation. Eventually, we succeeded in registering with the SEC and 37 US states before piling up legal debts that were so large that we had to find a buyer, in our case a financial services company, to bail us out.

The experience could have soured me on the entire notion of hedge funds. But of course hedge funds later came into vogue, prompting the growth and development of an entire hedge fund industry. If anything, the experience left me more open-minded than ever about innovative financial endeavors. So that brings me to the subject of digital money or “cryptocurrency,” a form of encrypted digital money.

Full story at http://bit.ly/2hLcwWN

Source: Forbes

 

A Few Chinese Bitcoin Exchanges Bid Farewell to the Crypto-Community

 

Last month many Chinese cryptocurrency trading platforms announced they would be closing their doors for an unknown amount of time. On September 30, BTCC and Viabtc said goodbye for now to the bitcoin ‘community’ and closed exchange operations.

“Dear friends, Viabtc has closed our Exchange service from 00:00 Sept 30th, 2017,” explains the Chinese exchange. “Viabtc has also completed CNY and crypto withdrawal of all users. We appreciate all your support and trust in us from all over the world — See you my friends.”

Currently, Chinese bitcoin traders can still use the trading platforms Huobi and Okcoin until the end of October. Speculators believe Chinese traders are already moving funds to exchanges in Hong Kong and other neighboring regions. Further Over-the-Counter (OTC) trade volumes on exchanges like Localbitcoins is higher than ever before in history. Additionally, people are reporting that Chinese traders are selling bitcoin over Wechat, Telegram and some are flocking to a new decentralized exchange called “Airswap.”

Full story at http://bit.ly/2hMZfNv

Source: Bitcoin News

 

How to Check If Your PC Being Pirated to Mine Bitcoin

 

First it was The Pirate Bay, then Showtime was caught secretly using page visitor’s processing power to mine cryptocurrency as a form of alternative revenue.

It has led to some indignation from users of such sites, as well as worry and fear about the vulnerability of users who are visiting sites and staying on them for a long time. However, there are a few things that can be done to protect yourself.

It must be stated that the reasoning put forward, along with an apology, from The Pirate Bay was that they saw it as an alternative to banner advertising, which is tricky for what is essentially an illegal website.

Many were happy with the idea of their processor being used, but not happy with the secret nature of it all.

Full story at http://bit.ly/2xPJVDL

Source: CoinTelegraph

 

Here's Another Sign Goldman Sachs Is Taking Bitcoin Seriously

 

Even as China shutters Bitcoin exchanges and the U.S. Securities and Exchange Commission signals heavier scrutiny of initial coin offerings, clients of trading giant Goldman Sachs are still to get in on the cryptocurrency trade.

According to the Wall Street Journal citing people with knowledge of the matter, the banking giant is reportedly considering a new trading operation involving cryptocurrency thanks to increased interest in digital currencies. Potentially, the operation under consideration could become a full-fledged team of traders and sales people.

Such an operation would make Goldman the first Wall Street giant to directly deal with cryptocurrency, according to the Journal.

“In response to client interest in digital currencies, we are exploring how best to serve them in the space,” a Goldman Sachs representative said in a statement.

Full story at http://for.tn/2hLcy0R

Source: Fortune

 

 

 

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Cryptocurrency News for 3 Oct 2017

 

Sweden Poised to Become Leading Scandinavian Cashless Society through Bitcoin

 

Sweden is fast-moving to follow through on its plans to become the world's first cashless society.

While this is seen as a good sign for digital currencies on a new progressive frontier, it brings issues, such as privacy concerns, when every transaction is surveyed. Nevertheless, the country is still rooting for Bitcoin as the answer to provide anonymity similar to the traditional cash system.

As seen by many of Sweden's financial institutions, companies make no profit from the use of cash, as it lacks harvestable personal data and it has to be physically managed. Due to this problem, finance is potentially changing to cashless transactions, with Sweden leading the way.

Reports show that 900 of Sweden’s 1,600 bank branches no longer store cash, and they will no longer accept cash deposits. There is a gradual decrease in numbers of ATMs, and the circulation of the Swedish krona fell from 106 bln in 2009 to 60 bln in 2016.

Full story at http://bit.ly/2xQgqBz

Source: CoinTelegraph

 

What The Success Of Bitcoin Tells Us About The Power Of Storytelling

 

Imagine you could own one of two currencies. One currency is easy to obtain. In fact, you won’t have to do any more than live your life in the usual way — paying by credit card and eating occasional meals at restaurants — in order to fill up your account. You can exchange that currency at any time you want for a free flight or a free upgrade to a first class seat or a free stay in a hotel. Play it smart and you can travel anywhere you want in the world at any time for next to nothing.

The other currency requires a bit of knowledge. You need to buy it with regular currency on special exchanges and store it in special wallets. You can exchange it for lots of different things but it’s not easy, and you probably won’t want to. That’s because this currency is so popular its value is going through the roof. The currency you spend today could have doubled in value by the end of the month. (It can also fall sharply too.)

The first of these currencies is airline loyalty points. They’ve been around for a while. Everyone knows about them but no one ever talks about them. A few people have dedicated their lives to collecting and using them but for most people, they’re just what you get if you fly with one airline for long enough.

The other currency is bitcoin. It’s the flavor of the day. Even though little has changed in the world of bitcoin since the whitepaper that launched it (give or take the occasional fork, and when news does break, it’s often bad), the value of the coin has continued to climb. People could get all the airline points they want — and they could actually use them in a way that enriches their lives — but some people don’t want to. They’d rather pay several thousand bucks to own a bitcoin.

Full story at http://bit.ly/2xQ95C6

Source: Forbes

 

Senate 2018 Budget Adds $1.5 tln to National Debt: Bitcoin Bubble?

 

The US Senate Budget Committee has released its 2018 proposed budget for approval in the larger congressional body. The proposal will then be matched with the House proposed budget and worked out for final approval, before being sent to the White House.

The Senate proposal contains provisions that will increase federal spending for this year, adding a jaw-dropping $1.5 tln to the national debt over the next year. Committee members have suggested that the tax cuts would produce economic gains, which would offset the total debt spending.

After 2019, the proposed budget would begin to cut non-defense spending, resulting in substantial budget savings over the next decade. The goal of both the Senate and House proposals is to balance the budget in that time.

Full story at http://bit.ly/2xQ8d0h

Source: CoinTelegraph

 

IMF Head Foresees the End of Banking and the Triumph of Cryptocurrency

 

In a remarkably frank talk at a Bank of England conference, the Managing Director of the International Monetary Fund has speculated that Bitcoin and cryptocurrency have as much of a future as the Internet itself. It could displace central banks, conventional banking, and challenge the monopoly of national monies.  

Christine Lagarde–a Paris native who has held her position at the IMF since 2011–says the only substantial problems with existing cryptocurrency are fixable over time.

In the long run, the technology itself can replace national monies, conventional financial intermediation, and even "puts a question mark on the fractional banking model we know today."

In a lecture that chastised her colleagues for failing to embrace the future, she warned that "Not so long ago, some experts argued that personal computers would never be adopted, and that tablets would only be used as expensive coffee trays. So I think it may not be wise to dismiss virtual currencies."

Full story at http://bit.ly/2g2WDXV

Source: https://fee.org

 

Bitcoin ‘Will Not Become Legal’ In India Without ‘Monitoring,’ Says Chief Economist

 

Bitcoin “will not become legal” in India unless a suitable organization “monitors” it, a high-profile economist has forecast.

Speaking to local news outlet Economic Times, SP Sharma chief economist at the PHD Chamber of Commerce and Industry in Delhi, said that Bitcoin’s gray area status in the eyes of regulators was unlikely to change without a shift in practices.

"It’s fair to say that currently, the cryptocurrency is neither illegal nor legal in India," he told the publication.

"Unless the cryptocurrency is properly and comprehensively regulated and monitored by a robust institution, I don’t see Bitcoin becoming a legal currency in India."

Full story at http://bit.ly/2xQzShq

Source: CoinTelegraph

 

Bitcoin Bug Bites Japan and South Korea as China Clamps Down

 

SAN FRANCISCO — Until recently, China was a center of Bitcoin activity while the rest of Asia looked on with little interest.

Now, the tables have turned.

The Chinese government has been clamping down on virtual currency activity at the same time that hundreds of thousands of Japanese have thrown themselves into Bitcoin trading, making Japan’s main Bitcoin exchange, bitFlyer, the largest in the world in recent weeks by some methods of counting.

South Koreans have also shown a sudden interest in virtual currencies, though they have generally opted for Bitcoin competitors like Ethereum and Ripple. Trading has been so popular that two South Korean exchanges, Bithumb and Coinone, have set up storefronts in Seoul that people can visit to buy and sell in person.

Full story at http://nyti.ms/2g2WzaD

Source: https://www.nytimes.com

 

 

 

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Cryptocurrency News for 2 Oct 2017

 

WSJ Cites Bitcoin’s Most Volatile Quarter, Facts Say Otherwise

 

A recent article in the Wall Street Journal critiqued Bitcoin for having an unusually volatilequarter, with prices ranging from peak levels at $5,000 all the way down to $3,000 lows. Such volatility is unprecedented, according to the author who said:

"Bitcoin more than doubled in price, then plunged by a third in what was a hectic three-month period even by the virtual currency’s Wild West standards."

Bitcoin did indeed have a volatile quarter, but not uncommonly so. Rather, the increase in price was followed by a consolidation period coupled with negative news being released regarding China. One observant tweet pointed out that the volatility in Bitcoin price was not, in fact, uncommon.

Full story at http://bit.ly/2wsEIQP

Source: CoinTelegraph

 

Will bitcoin ever be a safe investment or always a gamble?

 

The boss of JP Morgan was unequivocal about bitcoin at a recent conference in New York: the digital currency was only fit for drug dealers and would eventually blow up. “[It] isn’t going to work,” said Jamie Dimon. “You can’t have a business where people can invent a currency out of thin air and think that the people who are buying it are really smart.”

A few days after Dimon’s comments, the value of bitcoin plunged when the Chinese authorities announced a crackdown on it. It has been an eventful month, even in the context of a currency that is less than a decade old. Since the start of the year the value of a single bitcoin has gone from $1,000 (£750) to almost $5,000.

The spiralling price of the cryptocurrency, along with the controversy it has attracted in the past few weeks, has meant that interest from buyers has peaked and more consumers are considering whether to invest – or gamble, as some commentators say – in it.

“We continue to see a rise in demand for bitcoin and other cryptocurrencies,” says Obi Nwosu of Coinfloor, an exchange where people can buy and trade bitcoin. “When senior leaders in the financial community, regulators and government bodies share their views about bitcoin, it further raises interest and awareness in the market.”

Full story at http://bit.ly/2wsl4o5

Source: The Guardian

 

Bitcoin Prices Skyrocket to $7200 on Zimbabwean Exchange During Economic Turmoil

 

Zimbabweans are dealing with an economic crisis at the moment, as the country is seeing a wave of food and fuel shortages across the country. The nations’ currency is practically worthless, and Zimbabwe’s central bank is draining the reserves of individual forex markets. This is leading the country’s citizens towards finding alternative stores of value like hoarding gasoline, food and medical supplies, certain commodities, and now the digital asset bitcoin.

For instance, the country’s lone bitcoin exchange Bitcoinfundi has seen bitcoin trades at an 85 percent premium. Earlier this week, one bitcoin reached a high of $7200 on the trading platform and the current price per BTC on the exchange is $6150. The prices on Bitcoinfundi have been well above the $4200 global average. However, Zimbabwean Localbitcoin’s BTC prices are roughly the same as the global weighted average, with a much smaller premium. Even though there are Localbitcoin sellers available, the shortage of physical cash leaves only a few trading options on the table for Zimbabweans. Citizens in Zimbabwe using Localbitcoins have to use alternative payments like Skrill, Moneygram, or Paypal.   

Zimbabwe’s economy has been suffering for years, and during this time many individuals and organizations suggested that bitcoin could help. Last year the Zimbabwe-based economist, Philip Haslam, explained that he believes Zimbabweans could benefit from bitcoin. “The thing about bitcoin is once you import it into the country, you don’t have the problem of the currency eroding and perishing like you have with notes — It’s a system that allows for privatized banking,” Haslam explained.

Furthermore, the wallet provider, Bitmari, has been spreading cryptocurrency awareness across the country as well. Bitmari is also working with female Zimbabwean farmers and helping them raise bitcoin to help with the farming efforts. Bitmari’s payment platform also claims to significantly lower the cost and increase the speed of remittance payments throughout the African Diaspora through bitcoin. The company recently partnered with a well-known African financial institution, the Zimbabwe Bank of Agriculture.

Full story at http://bit.ly/2wsFld9

Source: Bitcoin News

 

Why Traditional Investors Tend to Think That Bitcoin Is a Bubble

 

We live in crazy times, don’t we?

Bitcoin, a digital currency, founded in 2009 — and which, as the name suggests, is an electronic currency and cannot be held in a physical wallet — is just about the most valuable “currency” in the world and it has been so for a few years now. Given the circumstances, it’s only normal to question the credibility of Bitcoin. Because who, in the real world, actually believes that an electronic currency, created just about seven years ago, is truly worth more than a fiat currency. Say the British pound, that has been through several economic cycles over several centuries and is still here, right?

Considering that the one British pound can only buy you 0.00032 BTC, it’s 100 percent okay for traditional investors, most of whose investments are valued in the British pound, US dollar and other fiat currencies, to think Bitcoin is a bubble. But the age of Bitcoin — that is, how long it’s been around — is the least of the reasons for that. Here’re some really popular ones.

In the last two decades, we’ve witnessed two bubble busts. The dotcom bubble of the late 1990s and the housing bubble that led to the 2008 global financial crisis. For those who were affected by these two bubble busts, it was two wealth-eroding events in less than a decade. A natural response to such an unpleasant experience is defensiveness. After all, once bitten twice shy.

Full story at http://bit.ly/2wqYXyb

Source: CoinTelegraph

 

A Victory For Bitcoin

 

While Bitcoin remains highly speculative – I think it can continue to strengthen from here.  Bitcoin is so volatile that I want to reiterate my belief that it only belongs in your portfolio as part of your highly speculative allocation.  I also think it is worth reviewing my 3 Rules of Bitcoin.

Back on September 15th it appeared to me as though not only China, but a number of public figures were trying to crack down on Bitcoin (link).  It was successful at first, as Bitcoin continued its decline, dropping from over $5,000 to as low as $3,000.  Bitcoin has rebounded sharply since then.

The ‘evangelists’ of bitcoin argue that the fact it isn't controlled by governments is precisely why you should own it.  Bitcoin is meant to be function outside of the realm of central banks and governments.  Bitcoin seems to have navigated this recent crackdown with great success.

By passing the recent test with flying colors, Bitcoin should attract some new investors.  There are many investors who have watched the rally in cryptocurrencies from the sidelines because they have concerns about the ability of cryptocurrencies to deliver as advertised.  It seems likely that some of these investors will dip their toe in the water now - creating new demand for cryptocurrencies in the near term. This additional new demand should help keep prices rising. If there were easier ways for 'mainstream' investors to get involved in Bitcoin (like ETFs) the rally would be even stronger.

Full story at http://bit.ly/2wsTDtW

Source: Forbes

 

Dubai Will Issue First Ever State Cryptocurrency

 

The local government in Dubai has officially launched its own cryptocurrency called emCash, according to announcements by local news media outlets. The cryptocurrency would be used for payment of governmental and nongovernmental services.

According to Ali Ibrahim, Deputy Director General of Dubai Economy, the token will be considered legal tender “for various government and non-government services, from their daily coffee and children’s school fee to utility charges and money transfers.”

The flexibility and convenience of cryptocurrencies makes the solution a win-win for Dubai. The government is strongly pro-Blockchain and sees it as the next major wave of paradigm changing technologies, and wants to be forward-thinking in adoption. According to Ibrahim:

“The fast-paced environment and incredible willingness to adopt innovative technology has made Dubai the perfect place for us to do business. This project is a great example of the ambition we have met here, together we are essentially creating a whole new economic ecosystem. It will harness Blockchain technology to make financial transactions cheaper, faster and more secure while demonstrating the huge advantages of embracing this technology for governments, business and customers alike.”

Full story at http://bit.ly/2wqYYSL

Source: CoinTelegraph

 

 

 

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Cryptocurrency News for 1 Oct 2017

 

Japan has taken a key step to cement its position as a leader for cryptocurrencies

 

China is moving forward with a plan to crack down on cryptocurrencies, but Japan is singing a different tune.

Japan's Financial Services Agency on Friday granted 11 cryptocurrency exchanges licenses to legally operate in the country, according to reporting by The Wall Street Journal's Paul Vigna and Gregor Stuart Hunter. The news comes amid a crackdown on digital currencies by Japan's neighbors.

China banned initial coin offerings, a red-hot cryptocurrency-based fundraising method, earlier in September, and since then there have been numerous reports of a wide-ranging crackdown on exchanges. On Friday, South Korea joined China in banning ICOs.

Licensed exchanges, according to The Journal, will be required to conform to some rules to maintain their status.

Full story at http://read.bi/2wr9No0

Source: Business Insider Nordic

 

The Guy Who Called Bitcoin a Bubble Now Wants to Help You Store It

 

Back in the spring, Roy Sebag’s precious metals investment firm Goldmoney Inc. dumped millions of dollars in bitcoins, calling the digital money a bubble. Now he wants to sell you cryptocurrency trading and storage services.

Sebag, who had originally named his Toronto-based company BitGold Inc.when it was founded in 2014, claims he’s not back-tracking. He’s bearish because he expects regulation to weigh on prices as the market matures. Cryptocurrencies fell in overnight trading after South Korea banned initial coin offerings.

“For the industry to succeed, it needs to be regulated, and once it is, prices won’t go up like this anymore,” Sebag said in an interview. “What we’re saying is, you guys want this industry to grow up? Then it needs to have standards, it’s got to be auditable and insurable. What I’m excited about is moving the industry in the right direction.”

Bitcoin’s meteoric rise this year is attracting tons of attention, but most institutional investors are staying on the sidelines as cryptocurrencies are too volatile and don’t have the safeguards that most financial assets do. Some companies are stepping up efforts to bring the market to the mainstream, opening regulated exchanges, creating futures contracts, and attempting to list exchange traded funds. Goldmoney’s is the latest in these forays.

Full story at https://bloom.bg/2wqts7n

Source: Bloomberg

 

Virtual Currencies Expected to be Regulated in China on October 1st

 

Jinse has reported that the General Principles of the Civil Law of the People’s Republic of China, which is expected to come into effect on October 1st, will see Chinese cryptocurrency regulations implemented for the first time. The Jinse report suggests that cryptocurrencies will be treated as “virtual property” under Chinese law. Chinese academic, Professor Deng Jianpeng, stated that “bitcoin, [crypto]currency, etc. can be classified as virtual assets.”

The incorporation of virtual currencies into China’s “General Principles of the Civil Law” legislation suggests that China’s recent crackdown on virtual currency exchanges will not be expanded into a nationwide prohibition on the use and possession of cryptocurrencies. Jinse reinforces this inference, stating that “regulators have never mentioned the issue of prohibiting bitcoin from beginning to end, that is to say, the government level does not think that there is a problem with the bitcoin itself”- according to a Google translation.

Jinse asserts that the crackdown on exchanges was motivated by “small platform[s]… not seriously implement[ing] anti-money laundering and KYC policy” requirements. The publication also cites the decision to allow China’s major cryptocurrency exchanges to reopen following PBOC investigations, implying that the recent crackdown on cryptocurrency exchanges is temporary, and should not be interpreted as a general prohibition on cryptocurrency.

Full story at http://bit.ly/2wqtpbH

Source: Bitcoin News

 

IMF's Lagarde: Ignoring Cryptocurrencies 'May Not Be Wise'

 

The head of the International Monetary Fund (IMF) believes that cryptocurrencies may give traditional government-issued ones a "run for their money."

Speaking at a conference in London, IMF chief Christine Lagarde told attendees that she thinks "it may not be wise to dismiss virtual currencies."

Notably, she outlined possible scenarios in which a country – particularly those with "weak institutions and unstable national currencies" might actually embrace one more directly.

"Instead of adopting the currency of another country – such as the U.S. dollar – some of these economies might see a growing use of virtual currencies. Call it dollarization 2.0," she said.

Full story at http://bit.ly/2wr9Os4

Source: CoinDesk

 

Cryptocurrency Speculators Watch Nervously as South Korea Bans ICOs 

 

The cryptocurrency market is having another rocky morning as South Korean authorities announced a ban on initial coin offerings (ICOs). While countries like the US and the UK have warned investors to exercise caution before becoming involved with such projects, China has completely banned the fundraising method, and Taiwan could be next.

Reuters reports:

The Financial Services Commission said all kinds of initial coin offerings (ICO) will be banned as trading of virtual currencies needs to be tightly controlled and monitored ...

“Stern penalties” will be issued on financial institutions and any parties involved in issuing of ICOs, the statement added, without elaborating further on the details of those penalties.

Full story at http://bit.ly/2wr9MjW

Source: https://gizmodo.com

 

Japan Endorses 11 Different Crypto Exchanges, Turns Into Friendliest Asian Bitcoin Market

 

One of the exchanges the FSA endorsed was Bitflyer, which is the largest Bitcoin Japan Endorses 11 Exchanges, Turns Into Friendliest Asian Bitcoin Marketexchange in Japan. This is momentous news for trading volume and Bitcoin adoption in the country. In a press release, Bitfyler CEO Yuzo Kano, elaborated on the situation:

“Japan has been exploding with demand for both Bitcoin trading as well as virtual currency services. The FSA’s approval for bitFlyer to operate as a Registered Virtual Currency Exchange, and the agency’s openness and forward thinking regulation could not come at a better time for the Blockchain space.”

The bitFlyer press release stated the company will continue to leverage its 800,000 strong user base to grow the Bitcoin ecosystem in Japan and around the world.

Full story at http://bit.ly/2wr9PfC

Source: Bitcoin News

 

 

 

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