#CryptoCorner; South Korea Aims at #ICO Legalization,#Reddit to Reintroduce Crypto and Goldman Sachs Moves to Trade #Bitcoin
#CryptoCorner; South Korea Aims at #ICO Legalization,#Reddit to
Reintroduce Crypto and Goldman Sachs Moves to Trade #Bitcoin
Point Roberts, WA, Delta BC – May 3, 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/05031SouthKoreaRedditGoldmanSachs.asp
South Korea Aims at ICO Legalization, Reddit to Reintroduce Crypto and
Goldman Sachs Moves to Trade Bitcoin
South Korean legislators are looking to legalize
ICOs which were banned in September 2017. A piece today in the Korea Times reports that Rep. Hong Eui-rak of Korea’s
Democratic Party is leading the move toward new legislation. Hong explained
that the bill would require oversight by the government and make trading ICOs
safer for investors:
"The bill
is aimed at legalizing ICOs under the government's supervision," Hong said
during a forum on ICOs and blockchain technology at the National Assembly on
Wednesday. He said the bill was based on a joint study by his office and the
Korea International Trade Association (KITA).
"The
primary goal (of the legislation) is helping remove uncertainties facing
blockchain-related businesses," Hong said.
Reddit CTO,
Christopher Slowe, said that cryptocurrency payments might be coming back to
the platform in a recent interview with Cheddar. Citing high transaction costs for disabling Bitcoin
(BTC) as a payment form in March, Slowe said he thinks “we’ll see crypto
payments come back,” and that other cryptocurrencies we being considered by the
platform.
“We
have been looking at other Cryptocurrencies….We are looking at Ethereum and
Litecoin that are provided by Coinbase as well”.
The
New York Times reports that Goldman Sachs will be
launching Bitcoin futures trading and “will also create its
own, more flexible version of a future, known as a non-deliverable forward,
which it will offer to clients.” While Goldman Sachs “will not initially be
buying and selling actual Bitcoins”, the Times reported that Justin Schmidt, VP
and Head of Digital Asset Markets, is looking to trade it in the future once
necessary authorities approve.
“Mr.
Schmidt is looking at trading actual Bitcoin — or physical Bitcoin, as it is
somewhat ironically called — if the bank can secure regulatory approval from
the Federal Reserve and New York authorities.”
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