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January 18, 2018, 10:33:13 AM |
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Regulation
The largest Bank in Japan Mitsubishi UFJ Financial Group will launch its own cryptocurrency exchange, backed by a national currency of coin and a bitcoin trust.
It is reported that the exchange will start in this fiscal year. Cryptocurrency called MUFG Coin will initially be supported by the Japanese yen and tied to it in the ratio of one-to-one, but subsequently the rate of coins may change.
The bitcoin service for cryptocurrency traders Trust MUFG will allow to trade without the need to transfer their funds under the control of the exchanges. Its launch is scheduled for April 2018 or as soon as the FSA recognizes the bitcoin asset can be under the control of trusts.
Note, in the Japan trade cryptocurrency assets are very popular. So, according to a recent study, the majority of capturadora in the world — Japanese, age from 30 to 50 years.
In South Korea, has created a petition urging the authorities to stop pressure on the cryptocurrency market. The document has already been signed by more than 200 thousand inhabitants of the country.
We will remind, recently in South Korea ordered all cryptocurrency traders until the end of the month to de-anonymize account in accordance with the rules of AML/KYC legislation. However, several days ago representatives of the administration of the President of the country said that the government intends to ban cryptotrading and fully supports the development of blockchain technology.
Blockchain
IBM, in conjunction with a world leader in the field of container shipping, Maersk announced the creation of a blockchain-based platform for the logistics industry.
The new platform will be built on open standards and designed for use by the entire global ecosystem of logistics.
Recall that the cooperation between IBM and Maersk began last year. So, in March 2017, the blockchain technology was successfully tested in transportation of goods from Europe to the United States.
On the Nasdaq from companies Reality Shares Advisors and Amplify Trust launched investment funds focused on blockchain startups.
It is reported that the application for the launch of these two funds have been sent to the Commission on securities and stock exchanges of the USA in November 2017. Note that the official permission to run the Department was not received, but the lack of a formal prohibition under the current legislation means that requests are automatically approved.
Bitcoin
The cost of bitcoin on a number of cryptocurrency exchanges today dropped below $10 000. Note, the first cryptocurrency continues to fall since then, as in December exceeded $20 000.
Experts attribute this decrease in the value of bitcoin with increasing measures against cryptocurrency industry from States. So, in China, the government continues to struggle with the venues for trading, while Germany urged to take control of the cryptocurrency at the international level.
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