#CryptoCorner: #Sony Develops #Crypto Hardware Wallet, Japan's FSA Considers Margin Trading Leverage Cap, South Korea's FSC Warns Against Crypto Funds
October 25th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App
Point Roberts, WA and Delta, BC - October 25, 2018 (Investorideas.com Newswire) 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, now available in podcast.
Sony Develops Crypto Hardware Wallet, Japan's FSA Considers Margin Trading Leverage Cap, South Korea's FSC Warns Against Crypto Funds and Spain Passes Law Compelling Crypto Holdings to Be Reported to Gov't
Japanese electronics giant Sony has developed a cryptocurrency hardware wallet, according to a recent press release. The company's Computer Sciences Laboratories division (Sony CSL) has designed a physical wallet that utilizes IC card technology, which stores users' private keys. The wallet is described as "small, portable and useful" when compared to other existing alternatives that require a USB connection. The release also indicates the wider potential of the hardware wallet.
This IC card-type cryptocurrency hardware wallet technology not only manages the private keys used for cryptocurrency transactions, but also manages private keys used for other purposes, such as those for permitting the use of personal information using blockchain technology. It is an infrastructure technology with multiple possible applications.
Japan's Financial Services Agency (FSA), the country's financial watchdog, is considering placing leverage caps on margin trading of cryptocurrencies, according to Nikkei Asian Review. Currently there is no such cap, though some exchanges voluntarily cap at 25 times the deposit. Out of the 16 FSA-registered operators in the country, 7 currently provide margin trading. The report indicates that in fiscal 2017, 80 percent of Japan's crypto transactions were conducted through margin trading. The FSA plans to discuss potential legislation with a panel of experts.
South Korea's Financial Services Commission (FSC) has released documents warning against investment into cryptocurrency. The warning details how crypto funds are in violation of the country's Capital Markets Act, in that they have neither been registered or approved for fundraising from the FSC.
Spanish publication ABC.es reports that Spain has enacted legislation compelling both companies and individuals to disclose their crypto holdings. The country's Minister of Finance, MarÃa Jesús Montero, explained that even citizens with holdings abroad must report them.
"It is stated as mandatory that people and companies inform the Tax Agency about this operation. Likewise, Spaniards "with currency abroad" must also report their possessions in bitcoin and others in the annual declaration of goods abroad."
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/
Genesis Exchange and Wallet App by Genesis Blockchain Technologies (GBT)
GBT is a powerful cryptocurrency centralized / decentralized exchange which will include a broad range of services and benefits from cryptocurrency and blockchain markets development, while avoiding complications and risks arising from crytocurrency ownership, transfer, and exchange.You can Download the Genesis Exchange and Wallet App at Google Play and on the Apple App Store. Learn more at http://www.mygenesis.io
Talk about the sector with other companies and investors- Join our LinkedIn Group Blockchain and Digital Currency Stocks and ICO's - Latest News and Commentary https://www.linkedin.com/groups/13560073
Investorideas.com is a recognized news source publishing third party news and press releases plus we create original financial content. Learn about investing in stocks and sector trends from Investorideas.com with our news alerts , articles , podcasts and videos talking about cannabis, crypto, technology including AI and IoT , mining ,sports biotech, water, renewable energy and more . Investorideas.com original branded content includes the daily Crypto Corner and Podcast, Play by Play sports and stock news column, Investor Ideas #Potcasts#Cannabis News and Stocks on the Move podcast and column and the Cleantech and Climate Change Podcast .
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 and podcast is sponsored content by featured companies NXt-ID (NASDAQ: NXTD) on behalf of Flip and GBT Technologies . More info: http://www.investorideas.com/About/News/Clientspecifics.asp Learn more about Investor ideas podcast and news publication services and costs https://www.investorideas.com/News-Upload/
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
Comments
Post a Comment