An announcement was shared by Bitstamp (a Bitcoin exchange) in their official social media account that they have been awarded BitLicense from New York State Department of Financial Services (DFS) which allow them to expand business in the USA. Bitstamp team commented, “It is further proof that trading at Bitstamp is subject to the same high standards followed by traditional financial institutions.”
The founder of MtGox bitcoin exchange, Mark Karpeles have received a suspended jail sentence of two and a half years. The cryptocurrency exchange MtGox was shut down during the year 2014 after approximately 850,000 bitcoins (worth half a billion dollars at that time) disappeared from its virtual vaults. This has led to dented confidence in the security of bitcoin among the public.
The Australian Transaction Reports and Analysis Centre (Austrac) have shared that 246 cryptocurrency exchange has been officially registered in the country. A cryptocurrency researcher, Philippa Ryan said, “You need to start at the beginning, with all the regulation you need and no more to support innovation and protect investors. Then you let it run…”
Coinfloor has restored GBP withdrawals. The bitcoin exchange was commanded to halt the processing of GBP SWIFT withdrawals by its service provider during April. The exchange has planned to uplift the minimum deposit from 2,500 to 5,000 and increase the minimum withdrawal limit to 2,000 for GBP, EUR and USD with modification in the withdrawal fees.
BitOasis, the crypto exchange based in Dubai, announced that it would not support deposits or withdrawals in dirhams commencing from Tuesday. The company has already put forward the message among the account holders. The company exposed, “The only way to withdraw funds after 15th May would be to convert it to cryptocurrency and transfer them to an external wallet.”
BTCxChange, a bitcoin exchange, has announced that it will end its operations on 1st May 2018. The company emphasized that it cannot process BTC to RON or EUR. The transfer systems were halted from 1st February. Since the platform would close, the users were advised to withdraw their assets from their wallet account.
“Nexon Korea does not have anything to do with a Bitstamp acquisition,” said the CEO of Nexon Korea refuting the rumors coining the company considers to own the popular bitcoin exchange. Lee Jung-hun, the CEO confirmed, “We do not have any plans to link cryptocurrencies with our game business.” However, the company considers the prospects of blockchain technology.
Global Online Professional Assets Exchange (GOPAX) is one established exchange platform in South Korea became the country’s 5th largest bitcoin exchange and the 30th largest in the world. GOPAX established since November 13. 2017 and claimed to be a fast and reliable technology-centric cryptocurrency exchange
The Beijing Haidian District Court dismissed the suit filed against bitcoin exchanges in China. The court ordered that there was no proper evidence brought to their notice to prove exchanges function illegally. It held that ‘individuals are responsible for their own trading behavior’. It also stated that investors can trade freely at their own risk.