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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.
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.
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.
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 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).
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).
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.
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.
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.