#CryptoCorner: Market Regains $35 Billion USD Since Friday, India’s Highest Court Keeps Central Bank Crypto Ban, Thai Securities Firms Consider Joint Exchange and Japan’s FSA to Change Regulations
#CryptoCorner: Market Regains $35 Billion USD Since
Friday, India’s Highest Court Keeps Central Bank Crypto Ban, Thai Securities
Firms Consider Joint Exchange and Japan’s FSA to Change Regulations
Point Roberts, WA, Delta BC – July 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.
Crypto Corner – July 3, 2018
Market Regains $35 Billion USD Since Friday, India’s Highest Court Keeps
Central Bank Crypto Ban, Thai Securities Firms Consider Joint Exchange and
Japan’s FSA to Change Regulations
After dropping as low as $232 billion USD on
Friday, June 29, the crypto market has displayed a recovery of sorts after
growing $35 billion USD over the weekend to reach $269 billion USD at press
time, according to data from CoinMarketCap.
The Indian Supreme Court has ruled that it will not
overturn the country’s central bank ban on dealings with cryptocurrencies,
according to a report in Bloomberg. The Reserve Bank of India (RBI) issued the ban
on April 5, 2018. The Bloomberg piece connects the court’s decision with the
general global reaction to the market’s instability.
In India, the finance ministry has yet to make a
final ruling on a formal ban, but the recent volatility in cryptocurrency
markets has only emboldened policymakers around the world to take a more
skeptical view of the trade. Investors and technology platform providers for
cryptocurrencies are worried as uncertainty looms over future of digital
currencies.
Thailand’s Association of Securities Companies
(Asco) is considering the establishment of a joint cryptocurrency exchange,
according to a piece yesterday in the Bangkok Post. Asco chairwoman, Pattera Dilokrungthirapop, indicated that people’s
existing trust in the securities firms that comprise Asco, position the body
ideally to form an exchange.
"We are
confident that investors will prefer trading with us, since we have been in the
securities trading business for a long time," she said. "Investors
can trust our trading system, which has secured asset preservation.”
Japan’s
Financial Services Agency (FSA) is reportedly examining the possibility of a
shift from its current underpinning law to that of the country’s Financial
Instruments and Exchange Act. Local outlet Sankei reports that
the move would result in a greater emphasis on consumer protection, as well as
a reclassification of crypto from “electronic money” to a “financial product”.
Sam Mowers, Investorideas
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
About Investorideas.com - News that Inspires Big Ideas
www.Investorideas.com is a meeting place for global
investors, featuring news, stock directories, video, podcasts, company
profiles, interviews and more in leading sectors. Sectors we cover include tech
(AI, drones, internet of things) , payments, crypto and blockchain, biotech,
mining, energy, renewable energy, water , marijuana and hemp stocks, food and
beverage, defense and security (biometrics/cyber) ,Latin America, sports,
entertainment, luxury brands and gaming.
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.
Copyright and ownership: Crypto
Corner is an Investorideas.com content brand
Contact Investorideas.com
800-665-0411
Comments
Post a Comment