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Coincheck President: Crypto Market Slump Impacting Exchange’s Post-Hack Recovery

Coincheck President Toshihiko Katsuya told reporters on Wednesday that the ongoing slump in Bitcoin’s price has negatively impacted the exchange’s ability to regain its footing since being hacked earlier this year, the Nikkei Asian Review reports.

Netherlands Proposes Licensing for Crypto Service Providers

The Netherlands is reportedly proposing a measure that would require cryptocurrency service providers to seek licensing approval to operate in the country, according to a December 11 report from De Telegraaf.

Bitmain to Close Israel-Based Development Center

Cryptocurrency mining giant Bitmain will close Bitmaintech Israel and layoff its 23 employees, according to a report from Israeli news outlet Globes. The company has reportedly cited the ongoing cryptocurrency bear market for the decision:

South African Reserve Bank Proposes Overhaul of Payment System Laws

The South African Reserve Bank (SARB) has completed a review of the country’s National Payment System Act, and published its findings and recommendations this week, according to a report from Business Insider. The bank is proposing several changes that could eventually allow a digital rand or existing cryptocurrencies to be accepted as recognized payment options and reduce the banking industry’s stranglehold on payment services.

Nearly 6,000 Crypto Money Laundering Cases Reported in Japan from Jan-Oct

Officials from Japan’s National Policy Agency say that they received about 6,000 cryptocurrency-related money-laundering reports from January to October 2018, according to a December 7 report from Japan Today. The number represents a significant increase over last year’s reported cases:

Coinbase Looking to Add 30 New Digital Assets

Coinbase said via its company blog today that the digital asset exchange is working with local banks and regulators to explore the feasibility of adding a further 31 digital assets to its platform, including OmiseGo (OMG), Cardano (ADA), Stellar (XLM) and Neo (NEO).

SEC Commissioner: Bitcoin ETF Could Take Years

A commissioner from the U.S Securities and Exchange Commission (SEC) has said that institutionalization of cryptocurrency will happen but ceded that crypto advocates shouldn’t hold their breath when it comes to waiting for the approval of cryptocurrency Exchange Traded Funds (ETF).

U.S. Lawmakers to Introduce New Bills Addressing Crypto Industry

A bipartisan group of U.S. House Representatives is reportedly introducing two new bills dealing with cryptocurrency, CNBC reported Thursday. The bills instruct the Commodity Futures Trading Commission to offer recommendations that would improve customer protections, prevent fraud, and maintain U.S. competitiveness in the industry.

R3 Makes Ripple’s Rival XRP Token First Addition to Payments App

Enterprise blockchain development firm R3 has announced that Ripple’s rival XRP token will be the first supported cryptocurrency on its universal payment settlement platform, according to a Finextra report published Dec. 5.

NASDAQ & Fidelity Invest in Wall Street Cryptocurrency Exchange ErisX

Emergent cryptocurrency exchange ErisX has secured $27.5 million in Series B funding from investors including stock exchange NASDAQ and brokerage giant Fidelity investments, according to a Dec. 4 report by Reuters.

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