Crypto Corner: Bitcoin Continues Steady Recovery, Japan Hosts Blockchain Meeting and Russia Introduces Crypto Bills in Duma
Point Roberts, WA and Delta, BC - March 21, 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.
Crypto Corner - March 21, 2018
By Samuel Mowers at Investorideas.com
Bitcoin Continues Steady Recovery, Japan Hosts Blockchain Meeting and Russia Introduces Crypto Bills in Duma
Bitcoin (BTC) opened, and at press time is hovering around $9100 USD, a six percent increase from yesterday. This marks the highest it has traded at for just more than seven days. This is still a fair way from its monthly peak of $11,700 USD on March 5. With other major cryptos similarly recovering, this has placed the market cap at $355 billion USD at press time.
Japan's Financial Services Agency (FSA), has recently disclosed details of a private round-table meeting on "Blockchain-related issues" held on March 8 and 9. Meeting participants included bankers and representatives from the UK, Singapore, Australia, UAE, France, Hong Kong and Japan itself.
"Considering today's innovative environment underpinned by technologies including blockchain, many people observe that such technologies have the potential to change the financial landscape in the coming period and may feel that such technologies will transform the structure of financial businesses.
In the initiatives of international standard setting bodies such as the Financial Stability Board, etc., technologically enabled innovation including blockchain is closely studied and assessed especially in light of the potential impacts or risks relating to new technologies from financial stability perspectives.
In this context, JFSA, in cooperation with other regulatory bodies, has launched Blockchain Round-Table as an ad-hoc platform to share collective views concerning blockchain under the Multilateral Joint Research. The round table meeting especially highlights the inherent technical risks and opportunities around blockchain. As a part of this initiative, JFSA currently conducts a study on the vulnerability issues of public-blockchain and relevant security issues and its impacts from technical perspectives.
Among others, the round table is held to contribute to strengthening collaboration with academia and regulatory bodies that have established or will establish Fintech Co-operation Framework as well as central banks."
Bills regarding "digital finance assets" were introduced The Russian State Duma recently according to a press release yesterday.
"The bill provides that all transactions with digital assets must be carried out through digital asset exchange operators, which can only be legal entities that are either professional participants or exchanges.
The exchange of tokens into rubles, foreign currency is provided, with the possibility and rules of circulation of crypto currency, including for the purchase of tokens, to be determined by the Bank of Russia in agreement with the Government of the country."
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