Caroline Edwards: Cryptocurrency News — February 12

kin-foundation ethereum cryptocurrency-news cryptocurrency

Welcome back! What caught our attention last week? Regulation, regulation, and more regulation. Authorities in Japan, China, and Europe are discussing or taking action against unregulated cryptocurrency markets.

Market Overview

  • Japanese regulatory authorities will allow Coincheck, the cryptocurrency exchange which recently experienced the biggest hack in digital currency history ($530 million worth), to resume Yen withdrawals on Tuesday, February 13th.
  • In a statement released on Wednesday, the European Securities and Markets Authority has indicated that monitoring cryptocurrencies will be one of its top priorities in 2018.
  • China is planning to further increase regulation in order to ban ICOs and cryptocurrency exchanges. While both have previously been outlawed, companies have been able to sidestep regulation through a number of loopholes, which authorities are now planning to close.
  • A number of America’s biggest banks such as Bank of America and J.P. Morgan have moved to ban their customers from using credit cards to purchase cryptocurrencies, citing a will to protect consumers from the cryptocurrency market volatility.

Cryptocurrency News — February 12 was originally published in Kin Foundation on Medium, where people are continuing the conversation by highlighting and responding to this story.

Original article was created by: Caroline Edwards at medium.com

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency or ICO.

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