#CryptoCorner; #Crypto Market Seems Stable, #G20 Meeting Again and #Kraken Refuses NY AG Request
#CryptoCorner; #Crypto
Market Seems Stable, #G20 Meeting Again and #Kraken Refuses NY AG Request
Point Roberts, WA, Delta BC – April 19, 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.
By Samuel Mowers at Investorideas.com
Read this in full at http://www.investorideas.com/news/2018/crypto-corner/04191MarketG20Kraken.asp
Crypto Market Seems Stable, G20 Meeting Again and Kraken Refuses NY AG
Request
At press time the cryptocurrency market has a $351
billion USD market cap. This is
the highest it has been since March 21. Bitcoin (BTC) itself is trading around
$8200 USD and has been staying around the $8000 USD mark for the past week. All
of the top 10 cryptocurrencies are in the green for the last 24 hours with
Ripple (XRP) growing 7.5 percent and Bitcoin Cash (BCH) exhibiting an
impressive 13 percent growth.
According to a story in CCN, the G20, who meet again today and tomorrow (April
19 and 20), are set to discuss cryptocurrency regulation. The CCN story said:
“proposals
for regulation of the cryptocurrency market is expected to take center stage
alongside other themes of the global agenda”
The
story said a proposal on crypto regulation is expected to coincide with the
issuing of a wider policy agreement:
“The
objective is for consensus to be reached to enable progress on a public policy
document which will be released in June when the first practical proposal for
crypto regulation must also be presented.”
Following
yesterday’s news that New York Attorney
General Eric Schneiderman sent out a letter to 13 crypto exchanges requesting
improved “transparency and accountability”, at least one exchange has responded
unfavourably. Jesse Powell, CEO and Co-founder of Kraken, was highly critical
of the letter in an email to CoinDesk. Powell attacked the AG for not letting
the market decide and concluded that Kraken, currently based in San Francisco,
had made the right choice to leave New York in 2015.
“The AG’s tone-deaf response shows just how bad the
disconnect really is. Not only are they apparently experts in what legitimate
businesses desire, they are also experts in what’s important to consumers. I
have a wild idea: how about we let the market decide?”
"I realized that we made the wise decision to
get the hell out of New York three years ago and that we can dodge this
bullet."
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