#CryptoCorner; #Bitcoin Recovering, G20 Consider Crypto to be Assets and HKEX Works with ASX
#CryptoCorner; #Bitcoin Recovering, G20 Consider Crypto to be Assets and
HKEX Works with ASX
Point Roberts, WA, Delta BC – March 20, 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 20, 2018
By Samuel Mowers at Investorideas.com
Bitcoin Recovering, G20 Consider Crypto to be Assets and HKEX Works with
ASX
Bitcoin (BTC) has been keeping stable and
recovering gradually since the weekend with a current price of about $8500 USD.
The market cap is sitting at about $330 million USD at press time, with Bitcoin (BTC)
accounting for 44 percent.
According to a report from
Bloomberg, the G-20 considers Crypto to be assets rather than currencies.
“Cryptos “lack the traits of
sovereign currencies,” according to a draft G-20 communique obtained by
Bloomberg. The G-20 ministers are scheduled to discuss the issue in full Tuesday afternoon.
“Whether you call it crypto assets,
crypto tokens -- definitely not cryptocurrencies -- let that be clear a message
as far as I’m concerned,” said Klaas Knot, president of De Nederlandsche Bank
NV, who also chairs the Financial Stability Board’s standard committee on the
assessment of vulnerabilities. “I don’t think any of these cryptos satisfy the
three roles money plays in an economy.””
This follows news
yesterday that Financial Stability Board (FSB) chairman Mark Carney said
crypto-assets don’t threaten the security of the world economy.
According to the Financial Times, the Hong Kong Stock Exchange (HKEX) is working with the Australian
Securities Exchange (ASX) to share information on blockchain.
“Charles Li, chief executive of Hong Kong Exchanges
and Clearing, told the FT on Tuesday that the venue is “developing a much
closer dialogue to understand what they’re doing, and sharing information…for
sharing vendor relationships.”
“The Australian Securities Exchange became one of
the first trading venues globally to commit to blockchain when it said at the
end of last year that it would use the technology to clear and settle
equities.”
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