The first legitimate cryptocurrency exchange has been successfully launched in Belarus. which indicates that the country has become more open towards the digital assets industry. IT tycoon, Viktor Prokopenya explained, in line with best global practices, including recommendations from the Financial Action Task Force on Money Laundering (FATF).
The Stock Exchange of Thailand (SET) has revealed their plan to apply for a digital license. The license will allow the SET to operate a cryptocurrency exchange and becoming the first stock exchange in the world to do so. This makes Thailand seems to pave its way on becoming the most cryptocurrency friendly nations in the Southeast Asia region.
Kinesis Money and Allocated Bullion Exchange (ABX) have collaborated with Jakarta Futures Exchange (JFX) in launching an Indonesian blockchain exchange. Stephanus Paulus Lumintang, JFX President director explained, “JFX is ready to become a blockchain exchange company in Indonesia, in accordance with any legal and regulatory requirements.”
The Ministry of Finance in Thai has recently issued the license to four crypto-related firms which were confirmed by the Securities and Exchange Commission (SEC) of Thailand. Although for license application requested by four cryptocurrency firms have been approved, two other applicants such as Cash2coin and Southeast Asia Digital Exchange Co (SEADEX) was rejected by the country’s regulator.
A cryptocurrency exchange based in Singapore, Huobi Group has resumed its trading services in Japan replacing the authorized local platform BitTrade which was bought by Huobi in 2018. Huobi now supports six major cryptocurrencies in their re-launched platforms such as Bitcoin, Ethereum, Ripple, Bitcoin cash, Litecoin, and Mona Coin and are available to be paired with Japanese Yen.
One of the largest cryptocurrency exchange in the world has confirmed that they no longer support Ethereum Classic in the platform, it comes after the recent attack on the digital currency. The announcement made by Coinbase has disabled thousands of cryptocurrency traders to exchange or purchase the Ethereum Classic from the platform which later the Ethereum Classic team confirmed.
A cryptocurrency and bitcoin payment company to receive a cryptocurrency license which allows them to provide the service of exchange a virtual currency against fiat currency and providing a virtual currency wallet service in Estonia. SpectroCoin explained, “These two licenses help SpectroCoin to avoid possible deterrents to crypto innovation since compliance is constantly changing in this field.”
Mistertango has partnered with cryptocurrency exchange, EXMO with the aims for faster payments and transfer. EXMO is one of the biggest crypto players in Europe so this deal is a real testament to our growth so far and our increasing recognition within the industry. This partnership is the latest chapter in our its story.
CoinFLEX has shared their plan to introduce futures contracts for Bitcoin, Bitcoin Cash and Ethereum to the Asia region. The CEO of CoinFLEX, Mark Lamb explained, “Crypto derivatives could become an order of magnitude larger than spot markets and the main thing that’s holding back that growth is the lack of physical delivery.”
A new advertising campaign launched by the cryptocurrency exchange founded by the Winklevoss twins, Gemini has highlighted the applications of consistent rules and standards on crypto industry. Its head of marketing at Gemini explained, “In our competitive set there are widely varying degrees of adherence to regulatory guidance from people that oversee the more traditional financial marketers.”