Caroline Edwards: Cryptocurrency News — February 12

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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.

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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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