#CryptoCorner; Japan’s FSA Targets Privacy-Oriented #Altcoins, #Binance Signs Deal with Bermuda and the Market Shows Stability


#CryptoCorner; Japan’s FSA Targets Privacy-Oriented #Altcoins, #Binance Signs Deal with Bermuda and the Market Shows Stability



Point Roberts, WA, Delta BC – April 30, 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 


Japan’s FSA Targets Privacy-Oriented Altcoins, Binance Signs Deal with Bermuda and the Market Shows Stability

Japan’s Financial Services Agency (FSA) is pressuring cryptocurrency exchanges to drop privacy-oriented altcoins, according to a piece in Forbes. Coins such as Monero (XMR), Dash (DASH), and Zcash (ZEC) are being targeted as they are sometimes “favoured by criminals and hackers”:

“Sources close to the FSA confirmed that they were taking all available steps to discourage the use of certain alternative virtual currencies that have become attractive to the underworld because they are difficult to track. In September of last year, the European Union’s law enforcement agency, Europol, released a report that warned “other cryptocurrencies such as Monero, Ethereum and Zcash are gaining popularity within the digital underground.” Criminals, who were some of the earliest adopters of Bitcoin, have increasingly dropped that cryptocurrency for transactions in favor of Monero and other less traceable "altcoins."”

Cryptocurrency giant Binance recently signed a memorandum of understanding (MOU) with Bermuda’s Premier and Minister of Finance, David Burt. Bernews, a Bermudan news outlet, reported on the press conference held on April 27, in which Burt outlined the benefits proposed by Binance in the MOU:

1. Develop its global compliance base in Bermuda, creating at least forty [40] jobs in Bermuda, with at least 30 jobs for Bermudians;
2. Through the Binance Foundation sponsor university-level training for Bermudians in blockchain technology development and compliance in an amount up to US$10 million;
3. Through Binance Labs make up to US$5 million available for investments in new Bermuda based blockchain companies;
4. As soon as practicable, develop a Digital Asset Exchange in Bermuda subject to all required legal and regulatory processes; and
5. Work collaboratively with the Government of Bermuda and all necessary oversight agencies in the development and improvement of a robust legal and regulatory framework.
Coming out of the weekend, the total cryptocurrency market cap is about $430 billion USD at press time. This is roughly $15 billion USD higher than it was going into the weekend. Most of the top coins have remained stable throughout the weekend, following a correction in the market in the middle of last week. EOS (EOS) has notably seen a drop in price of nearly ten percent in the last 24 hours, trading at about $18.75 USD at press time after reaching $22 USD yesterday.

Get the Crypto Corner News by email Get Crypto Corner News

Crypto Corner Sponsors:


Flip™ is the creation of Fit Pay, Inc., a leading provider of cutting edge payment technology and a subsidiary of NXT-ID (NASDAQ: NXTD). By leveraging the FitPay Payment Platform™, Flip enables cryptocurrency holders to seamlessly exchange their cryptocurrency for US dollars and store that value on a contactless payment device that can be used to make purchases at millions of retail locations.  https://www.fliptopay.com/







Investorideas.com is a leader in Blockchain content with its Bitcoin and Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com


Join our LinkedIn Group Blockchain and Digital Currency Stocks and ICO's - Latest News and Commentary https://www.linkedin.com/groups/13560073

Disclaimer/Disclosure: Investorideas.com is a digital publisher of third party sourced news, articles and equity research as well as creates original content, including video, interviews and articles. Original content created by investorideas is protected by copyright laws other than syndication rights. Our site does not make recommendations for purchases or sale of stocks, services or products. Nothing on our sites should be construed as an offer or solicitation to buy or sell products or securities. All investment involves risk and possible loss of investment. This site is currently compensated for news publication and distribution, social media and marketing, content creation and more. Contact each company directly regarding content and press release questions. Disclosure is posted for each compensated news release, content published /created if required but otherwise the news was not compensated for and was published for the sole interest of our readers and followers. More disclaimer info: http://www.investorideas.com/About/Disclaimer.asp. Disclosure:  this newsletter is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip More info: http://www.investorideas.com/About/News/Clientspecifics.asp

Cryptocurrency Disclaimer
Investorideas.com news content is not meant to be a solicitation to buy or sell cryptocurrencies and Investorideas.com does not directly sell cryptocurrencies; but acts as a news and research resource for interested investors following the blockchain sector.

Contact Investorideas.com  
800-665-0411



Comments