The Central Bank Of Philippines Legalizes 10 Cryptocurrency Exchanges

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The Central Bank Of Philippines Legalizes 10 Cryptocurrency Exchanges
The Central Bank Of Philippines has reportedly allowed three more crypto exchanges to start functioning in the country. With this addition, the total number of Bitcoin exchanges in this Pacific Ocean republic to 10.
The Central Bank Of Philippines Legalizes 10 Cryptocurrency Exchanges

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Source: CoinSpeaker

Corruption or Political Clash? What Have Led to Betraying Julian Assange?

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Corruption or Political Clash? What Have Led to Betraying Julian Assange?
The images of Metropolitan police dragging Julian Assange out of the Ecuadorian embassy in London made citizens around the world furious. Many warn that his extradition to the US will lead to the criminalization of standard journalistic practices.
Corruption or Political Clash? What Have Led to Betraying Julian Assange?

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Source: CoinSpeaker

Blockstack Set to Raise $50M Via World’s First SEC-Approved Crypto Token Sale

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Blockstack Set to Raise $50M Via World’s First SEC-Approved Crypto Token Sale
Blockstack is likely to set a new precedence in the ICO Industry to be the first company to conduct its token sale under the SEC Regulation A+ framework.
Blockstack Set to Raise $50M Via World’s First SEC-Approved Crypto Token Sale

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Source: CoinSpeaker

Bitcoin Price Bounced Above $5400 Despite FUD Around China’s Mining Ban

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Bitcoin Price Bounced Above $5400 Despite FUD Around China’s Mining Ban
Bitcoin investors remain undeterred with the latest news of China’s mining ban as Bitcoin price continues to confidently surge northwards.
Bitcoin Price Bounced Above $5400 Despite FUD Around China’s Mining Ban

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Source: CoinSpeaker

‘In Crypto We Trust,’ Says Circle’s Jeremy Allaire at IMF Spring Meeting

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‘In Crypto We Trust,’ Says Circle’s Jeremy Allaire at IMF Spring Meeting
Organized by IMF, “Money and Payments in the Digital Age” discussion included representatives from central banks and tech startups. Panelists shared their thoughts about how the economy is being reshaped by cryptos and other digital techs.
‘In Crypto We Trust,’ Says Circle’s Jeremy Allaire at IMF Spring Meeting

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Source: CoinSpeaker

South Korea Will Reportedly Re-evaluate Existing Regulatory Frameworks for Cryptos

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South Korea Will Reportedly Re-evaluate Existing Regulatory Frameworks for Cryptos
South Korean authorities will re-evaluate the existing crypto rules with a view to support the growth and development of the crypto industry.
South Korea Will Reportedly Re-evaluate Existing Regulatory Frameworks for Cryptos

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Source: CoinSpeaker

TRON Restricts Gambling DApps Access In Japan To Comply With Law

One of the reasons Tron is respected in the crypto industry is because it respects the existing regulation and believes in working with regulators rather than competing with them. A similar approach was seen when Tron chose to comply with the promotion and R&D regulations with respect to gambling app in Japan.
Japanese regulations prohibit gambling of all forms
Tron has been one of the fastest growing dapp ecosystem challenging Ethereum and EOS. It’s not just the fastest and technologically superior but the team behind it is also smart enough. Time and again Justin Sun and has shown that they believe in working with the government and regulators and adhere to the laws of the land. The same was again witnessed when Tron released a statement where it pushed developers to remove gambling DApps in the Japanese market to comply with local regulations.
According to the statement released by Tron on its official Medium channel,
The company intends to adhere to local laws and regulations in the countries it works in and hence it has decided to support gambling restrictions for Japan-based users through a series of recommendations for developers, as gambling is generally prohibited by the Japanese criminal code.
While Tron states that it has been striving to promote blockchain technology and diversify DApps on its platform it believes that complying with the laws of the land for any country around the globe is necessary.  To quote from the medium post
“TRON suggests developers who are working on gambling apps block users with Japanese IP addresses. Please do not facilitate the use of gambling apps among Japanese users; TRON will collaborate with the Japanese government and provide necessary support if any TRON DApps violate Japanese laws and regulations.”
Japanese regulations are pretty stringent for gambling. Gambling in Japan is generally banned by the Criminal Code chapter 23 however, there are several exceptions, including betting on horse racing and certain motorsports
Article 185 that addresses crimes related to gambling says
A person who gambles shall be punished by a fine of not more than 500,000 yen or a petty fine; provided, however, that the same shall not apply to a person who bets a thing which is provided for momentary entertainment while
Article 186 that address crimes related to (Habitual Gambling; Running a Gambling Place for the Purpose of Gain states
(1) A person who habitually gambles shall be punished by imprisonment with work for not more than 3 years.
(2) A person who, for the purpose of profit, runs a place for gambling or organizes a group of habitual gamblers shall be punished by imprisonment with work for not less than 3 months but not more than 5 years.
The strategy used by Tron to comply with the regulation clearly shows that the team wants to grow in the most ethical and complied manner in whichever country it operates.
What is your view on these guidelines and country-specific strategies that Tron is operating? Do let us know your views on the same.
The post TRON Restricts Gambling DApps Access In Japan To Comply With Law appeared first on Coingape.
Source: CoinGape

Hong Kong Releases New Guidance on STOs

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Hong Kong Releases New Guidance on STOs
Hong Kong’s Securities and Futures Commission (SFC) has published detailed guidelines for security token offerings (STOs).
Hong Kong Releases New Guidance on STOs

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Source: CoinSpeaker

U.S. SEC Delays Its Decision on Bitwise and VanEck Bitcoin ETF Application to May

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U.S. SEC Delays Its Decision on Bitwise and VanEck Bitcoin ETF Application to May
The U.S. securities regulator continues to remain firm on its decision of not approving the Bitcoin ETF anytime soon. Next window for ETF decision now in May 2019.
U.S. SEC Delays Its Decision on Bitwise and VanEck Bitcoin ETF Application to May

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Source: CoinSpeaker

Russia’s Richest Man Proposes to Develop a Palladium-backed Cryptocurrency

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Russia’s Richest Man Proposes to Develop a Palladium-backed Cryptocurrency
The Russian billionaire Vladimir Potanin says that it would be a great idea to tokenize metals and commodities and says that there a huge appetite for metal-backed cryptocurrencies.
Russia’s Richest Man Proposes to Develop a Palladium-backed Cryptocurrency

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Source: CoinSpeaker

Is XRP a Security? It Seems There Will be No Answer Any Time Soon

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Is XRP a Security? It Seems There Will be No Answer Any Time Soon
According to the investigation lawyer from global law firm Kober & Kim, Jake Chervinsky, it will take more than a year to understand whether Ripple’s XRP is a security or not. Here’s why.
Is XRP a Security? It Seems There Will be No Answer Any Time Soon

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Source: CoinSpeaker

Bitwise: 95% Of Reported Bitcoin Trading Volume Is Fake

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Bitwise: 95% Of Reported Bitcoin Trading Volume Is Fake
While many use CoinMarketCap as a go-to resource for cryptocurrency market data, roughly 95% of Bitcoin trading volume reported by this website is fake, according to Bitwise Asset Management report.
Bitwise: 95% Of Reported Bitcoin Trading Volume Is Fake

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Source: CoinSpeaker

Bakkt’s Post-Money Valuation Stands At $740 Million Even Before Launch

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Bakkt’s Post-Money Valuation Stands At $740 Million Even Before Launch
Despite several delays in its launch, Bakkt’s valuation currently stands at $740 million with major financial institutions holding their stake in the platform.
Bakkt’s Post-Money Valuation Stands At $740 Million Even Before Launch

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Source: CoinSpeaker

CBOE Will No Longer List New Bitcoin Futures This March

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CBOE Will No Longer List New Bitcoin Futures This March
The Chicago Board Options Exchange will stop listing new Bitcoin futures on its platform this month as it needs to review its approaches in this sphere.
CBOE Will No Longer List New Bitcoin Futures This March

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Source: CoinSpeaker