#CryptoCorner: Monex to Acquire Coincheck, South Korean Bank Supports #Crypto Initiatives and Arizona Passes Pro-Blockchain Law
#CryptoCorner:
Monex to Acquire Coincheck, South Korean
Bank Supports #Crypto Initiatives and Arizona Passes Pro-Blockchain Law
Point Roberts, WA, Delta BC – April 6, 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 – April 6, 2018
By Samuel Mowers at Investorideas.com
Read this in full at http://www.investorideas.com/news/2018/crypto-corner/04061MonexSouthKoreaArizona.asp
Monex to Acquire
Coincheck, South Korean Bank Supports Crypto Initiatives and Arizona Passes
Pro-Blockchain Law
Monex
Group, a Japanese financial services provider, has announced the 100 percent acquisition of
cryptocurrency exchange Coincheck today.
The
press release explains Monex Group’s acknowledgement of the disruptive power of
cryptoassets and their intent to integrate blockchain into their company
vision.
“We
recognize blockchain technology and cryptocurrencies as next-generation technologies
and platforms which are likely to drastically change the way people approach
money. Therefore, since we announced “MONEX’s new beginning” last October, we
have considered entering the cryptocurrency exchange business and set up the
Monex Cryptocurrency Lab to grow our business based on these new technologies.”
The
planned execution of share acquisition is planned for April 16, whereupon
“directors and corporate auditors will be appointed.
South
Korea’s second-largest bank, Shinhan, has completed a memorandum of understanding (MoU) with
Ethereum-based payments platform OmiseGo. Omise founder and CEO Jun Hasegawa
explained the company’s vision:
“Omise
and OmiseGO are working to revolutionize the way digital value moves globally,
with an end goal of creating a platform that facilitates a decentralized
economy.”
CCN
reports that Shinhan has also started
developing a bitcoin wallet and vault system. Quoting a translation of a
Shinhan representative comment in Naver:
“Shinhan is testing a
virtual bitcoin vault platform wherein the private keys of bitcoin addresses
and wallets are managed and issued by the bank. The bank intends to provide the
vault service for free and charge a fee for withdrawals.”
Arizona House Bill 2603,
which allows corporations to hold and share data on a blockchain,was signed into law recently. The bill was
introduced by Rep. Jeff Weninger along with House Bills 2601 and 2602, which
have yet to be passed. In a piece on the subject, Cointelegraph reports:
“HB
2602 and HB 2601 are both awaiting a third reading in the
Arizona Senate. The former would prohibit towns from restricting cryptocurrency
mining in residences, while the latter aims to address securities and
crowdfunding, recognize a “virtual coin” as “a digital representation of
value”, and authorize its function as a medium of exchange in digital trading.”
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