QuadrigaCX, a Canadian cryptocurrency exchange made an announcement on its website that it’s going offline for maintenance purpose. Many of its user took it to social media to say that they are unable to access or withdraw their funds for months; some speculated had the exchange gone insolvent. It’s in legal troubles with the Canadian Imperial Bank of Commerce (CIBC).
The Chairman board of Belarusbank, the largest financial institution in the country, Viktor Ananich has revealed their plan in launching their own cryptocurrency exchange. It shared that they will penetrate the cryptocurrency market is due to its rapid development globally and as an effort in keeping with the digital industry parallel with their important focus for 2019 that is digitization.
A cryptocurrency exchange, OKEx have recently revealed that they’re planning to delist all Bitcoin Gold (BTG) futures contracts at the end of the month. OKEx has confirmed the plan to delist the token in its recent announcement made. The delisting decision made by OKEx is driven by the low short-term contract liquidity by the BTG futures.
Pennsylvania’s Department of Banking and Securities (DoBS) have made it clear that the cryptocurrency exchange is not money transmitters. In both the one-way and two-way Kiosk systems, there is no transfer of money to any third party. The user of the Kiosk merely exchanges fiat currency for virtual currency and vice versa, and there is no money transmission.
The National Australian Bank (NAB) has recently closed the bank account of the local cryptoexchange, myCryptoWallet. It has also confirmed the news, that they have also frozen all withdrawals in their platform due to the bank account closure. NAB was reportedly closing the bank account without warning and provided with no notification and reason why the account had been closed.
Coinbase (cryptocurrency exchange) has welcomed a new head of compliance for its operation in the U.K. The newly-hired Mark Kelly has around three decades of experience in the industry. This indicates that Coinbase is ready to strengthen its position as a leading cryptocurrency exchange in the country after being granted with e-money license.
A cryptocurrency exchange based in South Korea, Bithumb could become the first cryptocurrency to launch an IPO in the industry. The CEO of Blockchain Exchange Alliance (BXA) based in Singapore that was also created by Bithumb, Dr Byung Gun Kim have explained that the US market offers a high potential for future growth of the cryptocurrency industry.
A cryptocurrency payment service, CopPay to launch a cryptocurrency exchange as its new service. CopPay then confirmed that they’re now offering the service of crypto to crypto for major cryptocurrencies such as BTC, ETH, LTC and DASH. At present services offered by it can be used by the residents in all European Union countries with Euro as its base currency.
A cryptocurrency exchange headquartered in Europe, Covesting has soft launched its new fiat gateway and cryptocurrency converter and plans to add more options for funding user accounts with additional fiat currencies. Its CEO commented, “Allowing retail and institutional clients to legally exchange fiat into crypto automatically gives Covesting an edge and few exchanges offer such a solution.”
Binance, a leading cryptocurrency exchanges in the world has recently launched Binance Jersey has made the process fiat-to-crypto (Pound & Euro) much easier for Europeans. Finance Officer of Binance, Wei Zhou explained, “Binance Jersey hopes to increase Jersey’s competitive advantage in banking from other jurisdictions competing for cryptocurrency-related business as the island’s cryptocurrency regulation allows.”