If it is come true! How BTC stronger?

Link: https://www.ccn.com/european-banks-soon-hold-bitcoin-admits-ecb-president/

Yeah! No Bitcoin, No Blockchain!

https://www.ccn.com/sec-cftc-chairmen-stick-to-the-script-during-us-senate-hearing-on-cryptocurrency-regulations/

With over 600 million registered users and 200 million monthly active users worldwide, Japanese messaging giant Line has announced plans to start and operate a cryptocurrency exchange.

In an announcement today, the Tokyo-based chat app confirmed that it has filed an application with the Financial Services Agency (FSA) – Japan’s financial regulator – to register and launch a cryptocurrency exchange. The application is currently under review.

It’s a significant move, one which sees Japan’s biggest messaging service announcing its foray into cryptocurrency trading, to be enabled within its chat application that is ubiquitous among some 70 million Japanese users. The messaging app is also massively popular in other regional nations including Indonesia, Thailand and Taiwan.

Line’s plan to launch the offering extends beyond Japan, with Bloomberg reporting its planned expansion to Hong Kong and cryptocurrency-friendly Luxembourg. If Line intends to bring its cryptocurrency exchange for all of its users globally, the likes of Coinbase, one of the world’s most popular cryptocurrency exchanges with some 13 million users across 32 countries, would pale in comparison.

Line joins a group of over 30 cryptocurrency exchange operators in Japan filing applications with the FSA to register and launch operations. The FSA has so far recognized and granted permits to 16 exchanges, with the rest awaiting clearance.

The messaging giant’s initiative to offer cryptocurrency trading comes alongside the launch of a new company called Line Financial, which will also delve into offering financial services to users.

An excerpt from Line’s announcement reads:

“Going forward, LINE will use this new company as a base as it proceeds with preparations to provide a variety of financial services, including a place to exchange and transact virtual currencies, loans, and insurance – all from the LINE app – and will continue to grow its financial business. “

Line Financial follows Line’s already-popular mobile money transfer and payment service Line Pay, a service enabled within Line’s messaging app. In 2017, Line pay topped 40 million registered users globally with annual transaction volume exceeding ¥450 billion ($4.1 billion).

Featured image from Shutterstock.

Link: https://www.ccn.com/messaging-app-line-launching-cryptocurrency-exchange-60-million-japanese-users/

What do you think guys?

South Korea’s finance minister has confirmed the government has no plans to shut down cryptocurrency trading or exchange platforms.

After weeks of confusion and panic among Korean investors, traders and adopters of cryptocurrencies fearing a sweeping government ban akin to China, the country’s finance minister has today stressed that the government has no plans to introduce crippling curbs on the cryptocurrency market. Instead, the government’s immediate focus will delve into regulating cryptocurrency exchanges, according to the official.

In a clear statement reported by Reuters, South Korea’s finance minister Kim Dong-yeon said:

There is no intention to ban or suppress cryptocurrency (market).

Besides bringing respite, the comment also brings clarity to a barrage of contradicting statements from government officials from multiple ministries who have backed or opposed the ban on cryptocurrency exchanges, originally proposed by Korea’s Justice Ministry. The societal backlash against the proposed ban even saw the Executive Office of the President weigh in on the matter, cooling fears of a blanket ban. Korea has notably followed China’s example in introducing bans for the cryptocurrency sector, specifically initial coin offerings (ICOs).

On the same day of proposing it, Korea’s justice ministry was forced to soften its stance on the ban proposal, which was unlikely to succeed from the beginning. The justice ministry found little support from other governmental ministries including the ministry of finance which refused to endorse a ban on cryptocurrency trading and exchanges.

In a public radio interview this month, the chairman of Korea’s economic competition regulator disputed the very notion of a ban, effectively stating it would be illegal for the government to enforce such measures.

Korea’s Fair Trade Commission chairman Kim Sang-Joo stated:

“[Shutting down cryptocurrency exchanges] is not realistically possible. Based on electronic commerce law, the government does not have the authority to close down cryptocurrency trading platforms.”

Featured image from Shutterstock.

LINK: https://www.ccn.com/south-korea-no-intention-ban-cryptocurrency-exchanges-finance-minister/

Great news!