A new survey from eToro suggests that younger online traders’ trust in cryptocurrency exchanges is growing, as many have lost faith in more traditional stock exchanges. In a press release highlighting the survey results, eToro noted that, among Millennial traders, 43 percent place more trust in the new digital currency exchanges than in America’s stock exchanges.
The Indonesian Bappebti, the country’s Commodity Futures Trading Regulatory Agency, has announced the establishment of a new regulatory framework to govern digital assets futures markets, according to Finance Magnates. The framework will require cryptocurrency exchanges operating in the country to register and obtain approval first.
Liechtenstein’s postal service this week announced that it will now provide its customers with cryptocurrency exchange services at its post office locations. During the first phase of the effort, these services will be available at the Liechtensteinische Post AG’s office in the capital of Vaduz, with plans to extend the service to other post office locations.
The private city of Liberstad in Norway has adopted the City Coin cryptocurrency as its official currency, according to a press release issued this week. The blockchain-based coin will reportedly be the only accepted medium of exchange in the city, and can be used for all payments, pages, and commercial transactions.
A leading Japanese business association has asked the country’s Financial Services Agency (FSA) to lower the rate at which taxes are assessed for cryptocurrency trading. The request from the Japan Association of New Economy (JANE) asked the regulator to use progressive rather than general taxation, according to a February 14 report from Cointelegraph Japan.