Bitcoin News: South Korea prohibits ICOs, Japan legalizes 11 crypto exchanges

 

                                                        Immage: Impression from South Korea. © Pixabay 

Asia is currently the hotspot for many things that happen in the area of ​​cryptosciences. After China, the most important market for Bitcoin and Co., against ICOs and cryptosciences, China is positioning itself in different ways.

Japanese financial supervision allows 11 exchange exchanges

The Japanese Financial Services Authority on Friday announced that companies must operate online exchanges for the trading of Bitcoin and Co. in the Asian island state. 11 The requirements are, among other things, strong security technologies and the identity of the customers must be checked. 12 other companies that could not or would not comply with the guidelines have decided to close their cryptos.Japan wants to prevent a disaster like that of the stock exchange Gox a few years ago, which had to close then. Bitflyer , which according to its own data counts 800,000 customers, is among the now allowed exchanges . Bitflyer has reported the largest volume of Bitcoin trades in Japan.

South Korea forbids all ICOs

In neighboring South Korea, authorities are, however, against Initial Coin Offerings (ICOs). On Friday , the Financial Services Commission (FSC) stated that any land grab in the country would be prohibited. The government has opted for the move because it is thought that ICOs could be used to financial fraud. An offense against the ban is to be punished with high penalties. Whether South Korea also prohibits or regulates the trade in cryptic fertilizers, was left open for the first time.

Huge data center for mining in Sweden

The Future of Mining company is  planning to build a data center for crypto mining on the 1,500 square meters of floor space in the Swedish (Boden-Älvsbyn). The company from Miami wants to expand into the European market. The location was chosen because the place had already attracted other companies from the blockchain area, such as  Canaan Creative .

Bitcoin becomes the buzzword of Wall Street

As Bloomberg reports, the trend term Bitcoin is currently a grant for traders to put shares of certain companies. Exchange-listed companies such as Overstock, Goldmoney, Nvidia or AMD, who provide cryptanalytic technologies, would all have been strong in the course