Join our smart investors - Get the best stock directories in  blockchain, cannabis, crypto, AI, IoT, cleantech. Daily podcasts in cannabis and crpto. Just $99  a year

#CryptoCorner: Japan's #Crypto Space Officially Recognized as Self-Regulating, #Coinbase and Circle Launch #Stablecoin USDC

October 24th #CryptoCorner and Podcast sponsored by Crypto payment tech, #Flip @FlipToPay ($NXTD) and Genesis Exchange and Wallet App

 

Point Roberts, WA and Delta, BC - October 24, 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.

Listen to today's Crypto Corner Podcast:

https://www.investorideas.com/Audio/Podcasts/2018/102418-CryptoMarket.mp3

#CryptoCorner: Japan's #Crypto Space Officially Recognized as Self-Regulating, #Coinbase and Circle Launch Stablecoin USDC

Get the Crypto Corner Podcast on iTunes

Subscribe to Podcast RSS feed:

https://www.investorideas.com/rss/feeds/Podcasts-Crypto.xml

Crypto Corner

Japan's Crypto Space Officially Recognized as Self-Regulating, Coinbase and Circle Launch Stablecoin USDC, Coinbase Approved for Custody Services in New York State and Taiwan Drafting ICO Regulation for June 2019

The Japanese Virtual Currency Exchange Association (JVCEA) has been granted official status as self regulator of the crypto space in Japan by the country's Financial Services Authority (FSA), according to a notice today. This gives the industry the ability to formulate rules and policies to protect customers' assets. Reuters quotes an unnamed FSA official, who explains the move.

"It's a very fast moving industry. It's better for experts to make rules in a timely manner than bureaucrats do."

Crypto exchange giant Coinbase and blockchain payments company Circle have partnered to launch a new stablecoin, according to a blog post yesterday. Called USDC, the coin "is a 1:1 representation of a US dollar on the Ethereum blockchain". From the announcement:

The advantage of a blockchain-based digital dollar like USDC is easier to program with, to send quickly, to use in dApps, and to store locally than traditional bank account-based dollars. That's why we think of it as an important step towards a more open financial system.

Yesterday also saw Coinbase being approved by the New York State Department of Financial Services (DFS) to offer crypto custody services in the state. The company's wholly-owned subsidiary, Coinbase Custody Trust Company LLC, has been approved to offer custody services for Bitcoin (BTC), Bitcoin Cash (BCH), Ethereum (ETH), Ethereum Classic (ETC) XRP and Litecoin (LTC).

The Taipei Times reports that Taiwan's Financial Supervisory Commission (FSC) is drafting ICO regulations, and aims to have them completed by June 2019. FSC chairman, Wellington Koo, indicated, however, that the body would not regulate cryptoassets that were not ICOs, as it may stifle innovation.

"The commission has no intention of curbing the creativity and productivity associated with cryptocurrencies if they are not used as securities. The more we regulate, the more this new economic behavior wanes."

Sam Mowers, Investorideas

Read other editions of the Crypto Corner

Get the Crypto Corner News by email Get Crypto Corner News

Crypto Corner Sponsors:

Investorideas.com - NXT-ID Inc. (NASDAQ: NXTD) Subsidiary Fit Pay Flip<sup>TM</sup>

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/

Order Flip



Investorideas.com - GBT Genesis Blockchain Technologies

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


More info on the sector:

Investor Ideas is positioning as a leader in blockchain and crypto content with its Bitcoin and Blockchain portals Bitcoinandblockchainstocks.com, Cryptocurrencyinvestorideas.com and Blockchaininvestorideas.com

For investors following the sector Investor Ideas has a comprehensive Bitcoin, Blockchain and Digital Currency Stocks Directory

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

About Investorideas.com - News that Inspires Big Investing Ideas https://www.investorideas.com/

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 .

The Crypto Corner is part of the Investor Ideas Membership content

The Investorideas.com podcasts are also available on iTunes, Spotify, Tunein, Stitcher, Spreaker.com, iHeartRadio and Google Play Music.

Visit the Podcast page at Investorideas.com:

https://www.investorideas.com/Audio/

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

Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

Learn more about sponsoring the crypto corner and other branded content

Learn more about our news, PR and social media services at Investorideas.com

https://www.investorideas.com/Investors/Services.asp

Follow us on Twitter https://twitter.com/Investorideas

Follow us on Facebook https://www.facebook.com/Investorideas

Follow us on YouTube https://www.youtube.com/c/Investorideas

Contact Investorideas.com

800-665-0411