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Tag: exchanges

South Korean Cryptocurrency Exchanges on the Verge of Self Regulation

Category: Altcoins, Bitcoin, Business, Finance, News, Regulation

South Korean Cryptocurrency Exchanges on the Verge of Self Regulation

After months of heightened FUD in the entire crypto ecosystem, the market is gradually picking up speed as a vast array of nations has started creating proper regulatory frameworks for the blockchain-based digital assets industry. The Korean Blockchain Association, a reputable body in the South Korean cryptocurrency space, has proposed a self-regulatory system that would greatly ‘sanitize’ the virtual currency…

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“Dear RBI, Allow Us To Launch An Exchange,” Appeals Indian Crypto Startup

Category: Altcoins, Bitcoin, Business, News

“Dear RBI, Allow Us To Launch An Exchange,” Appeals Indian Crypto Startup

The Reserve Bank of India’s decision which forbids banks from offering crypto services has received criticism. A complaint has been filed against the RBI regarding this decision by an Indian start-up that aims at launching a crypto exchange. Ban Against ‘Constitutional Rights’ A ‘writ petition’ has been filed by Kali Digital Ecosystems against India’s Ministry of Finance, Goods and Services…

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Bitcoin Trading Platform LocalBitcoins is Now Complying with AML/KYC

Category: Bitcoin, News

Bitcoin Trading Platform LocalBitcoins is Now Complying with AML/KYC

LocalBitcoins, a popular peer-to-peer bitcoin trading platform, is now complying with AML (Anti-money Laundering) and KYC (Know Your Customer) procedures, according to a post from April 17. The new AML and KYC developments were brought to the public’s attention when a new thread emerged on Reddit. The original Reddit post featured a screenshot of Reddit user, YellowCuda’s experience of using…

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Cryptocurrency Exchange Coinone Goes Global with Indonesia Launch

Category: Altcoins, Bitcoin, Business, Ethereum, Finance, News

Cryptocurrency Exchange Coinone Goes Global with Indonesia Launch

Coinone have announced that they will be opening up cryptocurrency trading in Indonesia, making them the first South Korean exchange to offer services outside the country. According to the press release, the Indonesian branch opened for pre-registration on April 16 and will launch officially in June. It will initially support only six currencies; bitcoin (BTC), bitcoin cash (BCH), ether (ETH),…

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Chilean Banks Close Accounts of Major Cryptocurrency Exchanges

Category: Bitcoin, Business, Finance, News, Regulation

Chilean Banks Close Accounts of Major Cryptocurrency Exchanges

Bank of Nova Scotia and state-owned Banco del Estado de Chile closed the accounts of cryptocurrency exchange platforms Buda, Orionx, and CryptoMarket in March 2018 with no explanation. While the cryptocurrency exchanges have gone to an appeals court to challenge the bank’s actions, their bank accounts remain closed. Unfortunately, Chile’s financial institutions appear to be implementing a total and complete…

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Battle of the Institutional-Grade Bitcoin Exchanges: All You Need to Know

Category: Altcoins, Bitcoin, Blockchain, Business, Commentary, Finance, News, Regulation

Battle of the Institutional-Grade Bitcoin Exchanges: All You Need to Know

Much of the cryptocurrency industry remains shouldered on the pillars of crypto-exchanges. This support comes mostly out of convenience; banks and financial bodies seek exchanges with a good track record, liquidity, and easy fiat-to-crypto process. All Eyes on Crypto With institutional interest and government regulation at an all-time high, 2018 represents a marquee year for cryptocurrencies. Several news reports and…

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Crypto Exchanges Binance, Gemini and Coinbase Targeted in NY Attorney General Inquiry

Category: Altcoins, Bitcoin, Business, News, Regulation

Crypto Exchanges Binance, Gemini and Coinbase Targeted in NY Attorney General Inquiry

New York Attorney General Eric Schneiderman launched an “inquiry” into cryptocurrency exchanges and platforms in a bid to promote more transparency and accountability in the budding cryptocurrency industry. On April 17, 2018, the NY Attorney General’s Office sent letters to 13 major cryptocurrency exchanges requesting detailed information on their operations, internal controls, conflicts of interests, and safeguards to protect customer…

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Kraken Set to Cease Cryptocurrency Trading Activities in Japan

Category: Altcoins, Bitcoin, Business, News

Kraken Set to Cease Cryptocurrency Trading Activities in Japan

On April 17, Kraken, one of the pioneer cryptocurrency exchange platforms in the world, has announced plans to withdraw from the Japanese market. Established in 2016, with its headquarters in San Francisco, the crypto exchange platform is pulling out of Japan due to the rising cost of business. Kraken began operating in Japan in October 2014 and plans to leave…

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Korbit Exchange Invites Litecoin to their Cryptocurrency Platform

Category: Altcoins, Business, Finance, News

Korbit Exchange Invites Litecoin to their Cryptocurrency Platform

One of the most established exchanges in South Korea, Korbit, has added support for an additional cryptocurrency, litecoin (LTC), known as the silver to bitcoin’s gold. Korbit has announced their introduction of litecoin on April 17, 2018, incentivizing their customers to trade litecoin by offering the top six traders prizes. Within the cryptocurrency market, Litecoin is one of the top…

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Germany’s Börse Stuttgart Stock Exchange to Integrate Bitcoin Bug Trading App

Category: Altcoins, Bitcoin, Business, Ethereum, Finance, News, Tech

Germany’s Börse Stuttgart Stock Exchange to Integrate Bitcoin Bug Trading App

Forward-thinking financial institutions are not oblivious to the fact that bitcoin and the nascent asset class it represents may indeed be the future of finance. In a bid for the future, Börse Stuttgart, the second largest stock exchange in Germany and the ninth largest in Europe, has launched its cryptocurrency trading app. Börse Bison The fintech arm of Germany’s second-largest…

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