Taiwan Central Bank Governor Suggests Bitcoin Transactions Should Fall Under AML Regulation (CoinTelegraph.com)
The Central Bank of the Republic of China (Taiwan) has recommended that Bitcoin (BTC) trading should be regulated under the Department of Justice’s anti-money laundering (AML) regulations, local news outlet Focus Taiwan reports today, April 2. In October of last year, Taiwan’s Financial Supervisory Commission (FSC) had shown support for Initial Coin Offering (ICO), cryptocurrency, and Blockchain adoption and innovation within the country. In response to concerns broached about BTC’s recently falling prices at a meeting with Taiwan’s Legislative Yuan Finance Committee, Yang Chin-long, the governor of the central bank, said that the bank’s “response measures” to the noted “opacity” of BTC transactions are to first remind investors of risks, and then to move towards BTC AML regulation.
Bitcoin Gold Takes Epic Q1 Beating, But Some Cryptos Saw Big Gains (CoinDesk.com)
The crypto markets had a rough ride in the first quarter of 2018, with just a few tokens bucking the downtrend. The buying frenzy seen at the turn of the year quickly ran out of steam in the first half of January, and what appeared to be a healthy pullback soon turned into a bear market on fears South Korea and China would announce deeper regulations. South Korea, in particular, has been effective in curbing excessive speculation, as the so-called “Kimchi Premium” fell sharply following the new regulations. Further, trading volumes dropped sharply in February and March, which, according to many is a sign of normalization in the markets.
First Ever Litecoin Summit to Hold in September 2018 (EconoTimes.com)
The Litecoin Foundation has confirmed that it is going to hold its first ever Litecoin summit in September 2018 in San Francisco. The Global Litecoin Summit will be held on September 14-15 at the South San Francisco Conference Center, according to the summit website. Created by Charlie Lee in 2011, Litecoin (LTC) is currently the fifth largest cryptocurrency by market cap and trading at around $120 at the time of writing (Kraken). The Litecoin Foundation is a non-profit organization registered in Singapore and aims to advance Litecoin for the good of society by developing and promoting state-of-the-art blockchain technologies.
NEM (XEM) to Overtake Ethereum as the World’s Best Smart Contract Platform (CryptoGlobalist.com)
NEM (XEM) is set to be the world’s most secure, scalable and eventually most popular smart contract platform in the world. The statement seems far-fetched given the dominance Ethereum currently shows in the field. However, the recent announcement by NEM development team on the NEM Catapult (Mijin V.2) blockchain may have all the right ingredient for success. The coin first announced of the release of Catapult way back in 2015, keeping the NEM community in darkness for over two and a half years. The wait is finally over as the announcement on Medium indicated the beta release will be available to some community members, partners and other willing customers.
Wesley Snipes Has Suddenly Become a Cryptocurrency Entrepreneur (TheMerkle.com)
Various celebrities have shown an increasing interest in initial coin offerings and cryptocurrencies. As one would expect, this alarming trend has attracted the attention of the SEC. Even so, Wesley Snipes is convinced that his involvement in a brand-new cryptocurrency will pan out in a positive manner. Wesley Snipes Sees Merit in Cryptocurrency: Although the nod of approval from Wesley Snipes in regards to cryptocurrency is certainly appreciated, it is still not an industry in which just anyone should get involved. Especially when it comes to acting as a cryptocurrency entrepreneur, there are a lot of pitfalls people need to avoid. While it is true Wesley Snipes has picked up a thing or two over the years, it remains to be seen how his latest endeavor will play out.
