The Ministry of justice of South Korea is preparing a bill banning the cryptocurrency trading on the virtual stock exchanges of the country. About it reports Reuters, citing a statement by the head of Department , Park sang-Ki (Park Sang-ki).
«We have big concerns about virtual currencies, and the Ministry of justice is preparing a bill that would ban cryptocurrency trading on the exchanges,» the Minister said.
He did not disclose the major provisions of the document, but said that it will participate representatives of the Ministry of Finance and national financial regulators. Park sang-Ki also said that the government has held several interagency meetings on this issue and his Department has offered some of the most hard method, involving a full ban on transactions with cryptocurrency in the Republic of Korea.
Recall that the South Korean government is working on a system of mandatory identification capturadora, it became known in early January. Its implementation, scheduled for January 20, automatically means the end of anonymous cryptocurrency trading. The implementation of this system is positioned as a special measure designed to eliminate speculation in the field of virtual currencies.
In mid-December, the Korean authorities held an urgent meeting on the issue of regulation of cryptocurrency and took the first steps. These include the establishment of oversight of kriptonite, a ban on trade cryptocurrency for foreigners and minors, and limit the activities of banks.
The Commission on securities and futures (SFC) of Hong Kong warned that the tokens can be classified as securities.
In a statement the head of Department Julia Leung (Julia Leung) explained that SFC «concerned about the increased use of the ICO to raise funds in Hong Kong and other countries.» She warned that those who participate in the ICO, «should know that some parts of the ICO can be subject to the securities laws of Hong Kong.»
In addition, the classification may spread beyond the ICO, for example on trade tokens on cryptocurrency exchanges.
«Parties involved in the secondary trade tokens (e.g., cryptocurrency exchanges), may also be subject to the SFC’s licensing activities,» — said the head of the Commission.
We will remind that the authorities of China banned individuals and organizations to raise funds through primary placement of coins (ICO), and in Korea, financial authorities plan to enact rules of internal trade cryptocurrencies.
President of the Russian Association of cryptocurrency and blockchain (RAKIB) Yuri Pripachkin expressed his opinion on the recent fall of bitcoin prices. It is reported by RT.
The «$13-15 thousand — adequate course to which bitcoin and back. Additionally, the release of up. Now it is corrected to the reasonable values that it needs by year-end cost», – said the head of RAKIB.
However, he noted that the ongoing market developments are not something new and unusual for bitcoin.
«From the point of view of volatility, it is the usual story for bitcoin, when it’s about 30% will rise and fall, but the trend for its increase will remain unchanged,» Pripachkin said.
In his opinion, «smart growth» BTC can be expected in January next year.
Pripachkin also believes that the recent launch of futures trading on bitcoin in the US will lead to minimization of such a course of jumps.
«This volatility will decline, because essential role will play the futures trading, which began and will develop at different exchanges», – concluded the head of RAKIB.
Recall that the first trades futures contracts on the bitcoin started the Chicago Board options exchange (CBOE). After a week, she was joined CME.
Russian Association of cryptocurrency and blockchain was officially registered in October 2016. Currently RAKIB working on a unified standard for evaluating the reliability of ICO and proposals for the legalization of investing, which plans to transfer to the experts of the state Duma Committee on financial market later this month.
On entry to the United States from Mexico, police arrested a trader bitcoin Jacob Burrell Campos (Campos Jacob Burrell), who was accused of laundering money obtained by illegal means. According to the Prosecutor’s office for the southern district of California, he spent 971 bitcoin transaction in the amount of $750 million, helping more than 900 Americans to hide illegal activity for the Commission at 5%. Serve Campos customers he bought a bitcoin for cash transfers by MoneyGram and Bank transfers.
Upon arrest, the dealer was charged with a participation of at least 31 such cases in the U.S. and in 28 cases at the international level. The prosecution alleges that he transferred from his account in USA to Bank account in Taiwan with the appointment to the Hong Kong cryptocurrency exchange Bitfinex over $900 million, because the American crypto currency exchange Coinbase refused him service. With these and other means the dealer has conducted more than 2600 transactions to acquire bitcoins worth over $3 million in addition, Campos was accused of smuggling: Prosecutor claims that he smuggled from Mexico to the United States more than $1 million, divided into amounts less than $10 thousand.
Because the high court considered the chances of escape of the accused, and also took into account the presence of his citizenship of three countries and the lack of a permanent job in the United States, it was decided to arrest him without bail. Of all charges against Campos charges, he faces up to five years in prison and a fine of $250 thousand.
Recall that a month ago, Brazilian police arrested 12 people suspected of using cryptocurrency to launder “millions of dollars” obtained from drug smuggling. And Bitfinex already had to conduct an internal investigation to prove innocence in the case of money laundering in Poland.
Vice President Mail.Ru Group Vladimir Nikolsky is preparing the launch of the service remote consultations with doctors Doctor Smart, which will use the technology of the blockchain and artificial intelligence.
As reported by «Vedomosti» with reference to the representative of the project, the service should start in early 2018. Users will be able to receive online consultations with physicians, nutritionists, veterinarians, and other professionals. Later it is planned to add the entry to the clinic or the laboratory for analysis. The project will cooperate with clinics, fitness centers and doctors who have diplomas, valid certification and will be testing Smart Doctor.
A distinctive feature of the service Doctor Smart is the use of artificial intelligence technologies and the blockchain. AI will compare the situation of a patient with clinical protocols to monitor the correctness of the interpretation of test results, diagnoses and recommendations. Financial transactions will be through the blockchain.
It is assumed that basic service Doctor Smart will cost 300-400 rubles. Current competitors offer roughly the same price: consultation on duty of a therapist in «the next Doctor» is 500 rubles, the first consultation in Yandex.Health – 99 rubles (re – 499 rubles).
Nicholas told the newspaper that starting a new project, there is no conflict of interest with Mail.Ru Group, which has a project «Health Mail.Ru». The company also believe that there is no conflict, and Nikol, like other employees, can invest in any project, «which is believed to be promising.
The Litecoin Core developers said that the client update to version 0.17 will allow ten times to reduce the size of the Commission in the network: almost $0,05 (0,001 LTC per 1 KB) to 2015 – $0,005 (0,0001 LTC per 1 KB). At this point, the system charges a fee tied to the size of the data necessary to implement the transaction and allows you to charge, e.g., $0.01 for the operation at $1 million and $0.10 per sending $100.
Recall that recently the Monero team has completed hardwork, in which in the core network was activated Protocol Bulletproofs. Now, according CoinMaterics, the Commission, the network has fallen from 60 cents to two, and the average size of transaction is 18.5 KB came up to 3 KB.
Tech Bureau, the operator of crypto currency exchange Zaif, has said that she needs more time devising schemes of compensation to victims of the recent hacking. Informed Tech Bureau promised to make it to the end of September.
As a result of hacking, which exchange has announced September 20, the intruders had stolen 6.7 billion yen ($59.7 million) in bitcoin, Cash Bitcoin and Monacoin. Customer funds in the amount of approximately 4.5 billion yen ($40 million), which the exchange has promised to compensate in Fiat currency.
Immediately after hacking Tech Bureau announced the achievement of a basic agreement on the sale of a 5 billion yen a controlling stake in the Japanese Corporation Fisco Digital Asset Group. The proceeds were partly planned to direct for payment of compensation to affected users. However, at the beginning of October, the parties continued to negotiate the terms of the transaction.
The incident Zaif was the second year for breaking cryptocurrency exchanges in Japan in January, hackers stole with Coincheck about $530 million in cryptocurrency NEM. Both thefts involved unauthorized access to the hot wallets. Keeping funds in the cold wallet is more secure, but users have to sacrifice convenience for deposits and withdrawals take a longer time.
But after another cracking crypto currency exchange created in this year, the industry organization self-regulation the Japanese Association of exchanges of virtual currencies (JVCEA) adopted recommendations to limit available funds in hot wallets to about 10-20% of the client’s assets.
Recall that after breaking the Zaif by the financial services Agency of Japan (FSA) issued Bureau Tech third year for an order to improve business and demanded a full report about the incident.
The tax office of Spain has launched a campaign to search for the owners of the cryptocurrency who evade paying taxes from the related operations, and individuals, laundering of funds obtained by illegal means.
In the framework of the investigation of cases of fraud with Bank accounts abroad, the representatives of the service have requested information about the buyers of cryptocurrency in 60 local financial institutions, including banks, cryptocurrency exchanges and Fund companies.
Recall that Spain is preparing legislation that provides tax incentives for companies using blockchain technology. A local legal company Repara tu Deuda decided to give the employees a portion of the salaries in bitcoins.
Today, September 19, Ethereum test network Ropsten made up of unit No. 1700000. This means that Geth 1.7 automatically implemented nine suggestions for improving Ethereum, as well as the first iteration of hard forks Metropolis under the name of Byzantium (“Byzantium”).
As previously reported, hardwork Metropolis will be implemented in two stages. The first phase of Byzantine – will last until mid-October.
On the second stage, parforce under the name Constantinople («Constantinople»). His conduct will depend on, how will the introduction of new instruments in the first stage.
In previous interviews Ethereum founder Vitalik Buterin focused on the fact that the improvement of network and Harford necessary to provide more efficient, safe and modern infrastructure for decentralized applications (DApps) and developers.
After hardwork Metropolis is completed, the majority of decentralized applications can be commercialized and launched in scalable and efficient ecosystem.
We will remind, earlier it was reported that testing hard forks Metropolis will be launched on September 18. However, the unit 1700000 were produced a day later than expected.
According to a study conducted by CardTronics, 15% of Americans polled prefer to pay for goods and services using cryptocurrency and other digital means of payment.
While the most popular payment funds are debit cards (33%), cash (27%), credit cards (22%). Less popular than digital payments only cheques (3%).
86% of respondents said that the choice was guided by considerations of data security, while 2/3 of the respondents admitted that chose that form of payment, which is considered the most safe. And this was 6% more than last year, which experts attribute numerous scandals with credit cards in the United States over the past few years.
Recall that the number of active cryptomate in the United States exceeded one thousand. At the beginning of 2017 all over the country, there were 550 automatic cryptoamnesia, 10 months later, this figure had almost doubled, demonstrating the exponential growth in demand for exchange of cryptocurrencies.