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Crypto News Update - Shutdown All Cryptocurrency Exchanges, Bitcoin ETFs, Belarus Legalizes Cryptocurrency, and more

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by , 01-19-2018 at 12:58 PM (706 Views)
      
   
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1. South Korea Could Shutdown All Cryptocurrency Exchanges: Watchdog
Choi Jong-ku, chairman of South Korea's Financial Services Commission, told lawmakers on Thursday that the government is considering shutting down all cryptocurrency exchanges and not just those that violate law, the Yonhap news agency reported.

2. SEC Says Significant Investor Protection Issues Linked To Bitcoin ETFs
The Securities Exchange Commission has asked investment fund trade groups to address 'significant investor protection issues' linked to cryptocurrencies before exchange-traded-funds, that invest directly in bitcoin and its rivals or has significant exposure to them, can be launched.

3. Bitcoin Use Under Scanner In Indonesian Island, Bali
Indonesia's central bank, which issued a stern warning against the use of cryptocurrencies this month, have engaged a team to probe the trading in such currencies in the island of Bali, a popular tourist destination.

4. NYSE Parent, Blockstream Partner To Launch Crypto Data Feed
Intercontinental Exchange, Inc., the parent company of the New York Stock Exchange, has partnered with Blockstream, which deals in blockchain technologies and financial cryptography, to launch the Cryptocurrency Data Feed.

5. LightInTheBox Establishes Blockchain Technology Research Lab
LightInTheBox Holding, a US-listed Chinese online retail firm, opened a blockchain technology research lab to develop blockchain technology platforms and applications.

6. Visa CEO Says Not To Process Cryotocurrency Transactions
Bitcoin is not real money, and Visa will not process any transactions that are cryptocurrency-based, the credit card giant's CEO Alfred Kelly told CNBC.

7. Experts Say Bitcoin Bubble Is Bursting, Value To Fall Further
As Bitcoin suddenly reversed its path to downward from a peak, a leading team of economists predicted that the digital currency has all the hallmarks of a classic speculative bubble, and that it is bursting.

8. Belarus Legalizes Cryptocurrency In A Special Economic Zone
Belarus has made cryptocurrency operations legal in a special economic zone in the country, which has a special tax and legal regime.

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