#CryptoCorner; #Bitcoin Continues Steady Recovery, Japan Hosts #Blockchain Meeting and Russia Introduces #Crypto Bills in Duma
#CryptoCorner; #Bitcoin Continues Steady Recovery, Japan Hosts #Blockchain
Meeting and Russia Introduces #Crypto Bills in Duma
Point Roberts, WA, Delta BC – March 21, 2018 - Investorideas.com, a leader in crypto and
blockchain investing news reports on what’s driving the cryptocurrency markets
with today’s edition of Crypto Corner.
Crypto Corner – March 21, 2018
By Samuel Mowers at Investorideas.com
Read this news in full at http://www.investorideas.com/news/2018/crypto-corner/03211Recovery-JapanRussia.asp
Bitcoin Continues Steady Recovery, Japan Hosts Blockchain Meeting and
Russia Introduces Crypto Bills in Duma
Bitcoin (BTC) opened, and at press time is hovering
around $9100 USD, a six percent increase from yesterday. This marks the highest
it has traded at for just more than seven days. This is still a fair way from
its monthly peak of $11,700 USD on March 5. With other major cryptos similarly
recovering, this has placed the market
cap at $355 billion USD at press time.
Japan’s Financial Services Agency (FSA), has
recently disclosed details of a private round-table meeting on “Blockchain-related issues”
held on March 8 and 9. Meeting participants included bankers and
representatives from the UK, Singapore, Australia, UAE, France, Hong Kong and
Japan itself.
“Considering today’s innovative environment
underpinned by technologies including blockchain, many people observe that such
technologies have the potential to change the financial landscape in the coming
period and may feel that such technologies will transform the structure of
financial businesses.
In the initiatives of international standard
setting bodies such as the Financial Stability Board, etc., technologically
enabled innovation including blockchain is closely studied and assessed
especially in light of the potential impacts or risks relating to new
technologies from financial stability perspectives.
In this context, JFSA, in cooperation with other
regulatory bodies, has launched Blockchain Round-Table as an ad-hoc platform to
share collective views concerning blockchain under the Multilateral Joint
Research. The round table meeting especially highlights the inherent technical
risks and opportunities around blockchain. As a part of this initiative, JFSA
currently conducts a study on the vulnerability issues of public-blockchain and
relevant security issues and its impacts from technical perspectives.
Among others, the round table is held to contribute
to strengthening collaboration with academia and regulatory bodies that have
established or will establish Fintech Co-operation Framework as well as central
banks.”
Bills regarding “digital finance assets” were
introduced The Russian State Duma recently according to a press release yesterday.
“The bill provides that all transactions with
digital assets must be carried out through digital asset exchange operators,
which can only be legal entities that are either professional participants or
exchanges.
The exchange of tokens into rubles, foreign
currency is provided, with the possibility and rules of circulation of crypto
currency, including for the purchase of tokens, to be determined by the Bank of
Russia in agreement with the Government of the country.”
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