🗞 Daily Crypto News, January 12th 💰

• OFFICIAL: No Cryptocurrency Trading Ban in South Korea, Government Says;
• Russia Drafts Bill to Legalize Cryptocurrency Trading on Approved Exchanges ;
• Ripple Hate: Is Ripple a Wolf in Sheep’s Clothing?
• Arizona Lawmakers Want to Let People Pay Taxes in Bitcoin
• Russia's Sberbank Has Launched a Blockchain Lab
• STEEM Trading Update

🗞 OFFICIAL: No Cryptocurrency Trading Ban in South Korea, Government Says

The South Korean government’s official announcement came after a massive backlash and criticism against the Ministry of Justice, which independently announced its plans of banning cryptocurrency trading. The Ministry did this without the consent of the Ministry of Strategy and Justice and other government agencies involved in the South Korean cryptocurrency regulation task force.

In an official announcement, South Korean government reaffirms there will be NO TRADING BAN for #cryptocurrency market in the short term and NOTHING IS FINALIZED.

A petition to fire the head of the Ministry of Justice over the #cryptocurrency trading fiasco filed.

Read more & Source: https://cointelegraph.com/news/official-no-cryptocurrency-trading-ban-in-south-korea-government-says

🗞 Russia Drafts Bill to Legalize Cryptocurrency Trading on Approved Exchanges

The Russian Ministry of Finance is drafting a bill to legalize cryptocurrency trading at approved exchanges. The ministry is already preparing a list of approved trading platforms.

This is about the fact that buying and selling [of cryptocurrencies] will be somehow standardized. The general idea is that it will be necessary to buy and sell on official exchanges, as it will be declared, it will be legalized.

Read more & Source: https://news.bitcoin.com/russia-drafts-bill-legalize-cryptocurrency-trading-approved-exchanges/

🗞 Ripple Hate: Is Ripple a Wolf in Sheep’s Clothing?

Cryptocurrency purists have always judged new coins by a few important factors. On top of that list has always been decentralization. However, one of the bigger coins in the cryptocurrency market has been hiding in plain sight with its centralized nature. But, its recent boom that saw it finish last year as one of top performing crypto assets has seen it garner a lot of hate.

Read more & Source: https://cointelegraph.com/news/ripple-hate-is-ripple-a-wolf-in-sheeps-clothing

🗞 Arizona Lawmakers Want to Let People Pay Taxes in Bitcoin

According to the text, the measure would allow for the use of "a payment gateway, such as bitcoin or other cryptocurrency, using peer-to-peer systems" in order to pay "tax and any interest and penalties" owed to the state government.

The bill goes on to state:

"The Department [of Revenue] shall convert cryptocurrency payments to United States dollars at the prevailing rate within twenty-four hours after receipt and shall credit the taxpayer's account with the converted dollar amount."

Read more & Source: https://www.coindesk.com/arizona-lawmakers-want-let-people-pay-taxes-bitcoin/

🗞 Russia's Sberbank Has Launched a Blockchain Lab

"It is important to note that blockchain helps market participants cooperate more efficiently. Hence, Sberbank is making a contribution to the future of the banking industry and our country by launching the blockchain laboratory."

Read more & Source: https://www.coindesk.com/russias-sberbank-has-launched-a-blockchain-lab/

STEEM Trading Update by @cryptopassion

The STEEM has unfortunately broke the support line that I traced in orange :

This resitance line is now the next objective to test :

• If we are able to break it, we will use it to start again a UP.
• If that resistance line is enough strong to block us, it will give new lows to Steem at short term.

🗞 Daily Crypto News, January 11th💰
🗞 Daily Crypto News, January 10th💰
🗞 Daily Crypto News, January 9th💰
🗞 Daily Crypto News, January 8th💰

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