The head of the Dash Core Group, Ryan Taylor, is confident that cryptocurrency will soon appear at Central Banks. The development of technology makes regulators improve skills, or they risk losing competition to the private sector. Thus, in its memorandum the IMF advises central banks to take measures to stabilize money circulation. It is noteworthy that this statement was made against the background of another event - Coinbase has announced that it will support stablecoin USDC.
📍Japan switches to cryptocurrency market self-regulation
Japan Financial Services Agency allowed the creation of the Association of cryptocurrency trading platforms in the country.
The new organization will formulate the rules for services in the cryptocurrency market and to protect the interests of clients. Japan was first to legalize the trade in cryptocurrencies, and now it is taking a new step. As practice has shown, officiald hardly understand the conditions for the development of encryption technology.
📍Bitcoin ETF negotiation
Bitcoin-ETF was approved. American Securities Commission in the near future may give permission to launch the exchange fund, the basic asset will be Bitcoin. The opening of the fund will attract institutional investors to trade in this financial instrument. Representatives of Cboe, VanEck and SolidX managed to resolve all controversial issues. Commission will soon approve the opening of the fund. Perhaps this will happen in December 2018.
📍Cryptocurrencies of Central Banks and Self-Regulation
Several news during the last days speak about the active development of the cryptocurrency financial market. The head of Dash Core Group, Ryan Taylor, said that Central Banks would inevitably introduce national coins, and in Japan, regulation of the stock exchanges was placed on the trading floors themselves.
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