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Photo Credit: verdict.co.uk
South Korea Official "we do not intend to suppress cryptocurrency"
Kim Dong-yeon lawmaker for governments plans-
"there is no intention to ban or suppress cryptocurrency [market],"
"Regulating exchanges is [the government]'s immediate task."
The anonymous trading is now abolished, but they want to work with the crypto community, also by allowing exchanges to self regulate. Which, 14 of Koreas major exchanges have formed a committee around.
https://www.coindesk.com/south-korea-doesnt-intend-to-ban-crypto-trading-says-finance-minister/
Photo Credit: cointelegraph.com
SEC CFTC Chiefs set Crypto hearing next week
Feb. 6 at 10 AM EST, the Senate Committee on Banking, Housing, and Urban Affairs will meet with SEC chief Jay Clayton and CFTC chief J. Christopher Giancarlo as wittness. The hearing is titled "Virtual Currencies: The Oversight Role of the U.S. Securities and Exchange Commission and the U.S. Commodity Futures Trading Commission"
The SEC has filed a number of lawsuits in recent weeks against fradulent ICO's, including Bitfinex, and tether.
Expect to see big press releases from these 3 finance giants in coming weeks.
https://www.coindesk.com/sec-cftc-chiefs-set-senate-crypto-hearing-next-week/
Square Adds Bitcoin
Square has been undergoing various testing of instant buying and selling of buying bitcoin last November, and now are rolling it out- full force on their app "CASH."
Square Chief executive Jack Dorsey claims-
"We support bitcoin because we see it see it as a long-term path towards greater financial access for all. This is a small step."
they also released a full webpage dedicated to crypto education (specifically, bitcoin)
https://cash.me/bitcoin
A quite cute, very uninformative try on their part..
Hopefully we reach a level of understanding that is sufficient soon. I'm tired of hearing 'I invested half my life savings but don't understand how the blockchain works.'
That's scary. Be safe y'all! Learn about crypto, and all the options to come!
Hashgraph, PoS, Sharding, Proof of space, proof of work
https://www.coindesk.com/square-adds-bitcoin-buying-cash-app-users/
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