A new bitFlyer poll that sampled the opinions of 10,000 respondents across ten countries in Europe revealed a high percentage of Europeans, particularly in Italy and Norway, who say cryptocurrencies aren’t a fad. Europeans Are Bullish On Cryptocurrencies According to the details of the Google Survey carried out by bitFlyer, 63 percent (more than two-thirds) of Europeans believe cryptocurrencies will still exist by 2029. Of the ten countries covered in the poll, participants from Norway
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Four cryptocurrency exchanges, including Gemini – the one founded by the Winklevoss brothers, is purportedly setting up a working group to bring new industry standards. Virtual Commodity Association Working Group (VCAWG) The Winklevoss twins’ cryptocurrency exchange Gemini is teaming up with three other exchanges to form a new self-regulatory organization (SRO) dubbed the Virtual Commodity Association Working Group. The exchanges in the newly formed organization, besides Gemini, are Bittrex, bitFlyer USA, and Bitstamp. Bittrex is
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Bitbank and BitFlyer CEOs left their vice-president positions at the Japan Virtual Currency Exchange Association (JVCEA) after their exchanges received regulatory warnings from the country’s Financial Services Agency (FSA). Abandon Ship About a week after Japan’s FSA, issued business improvement orders to six Japanese cryptocurrency exchanges, two of the vice presidents of the country’s JVCEA abandoned their positions. Yuzo Kano, CEO at BitFlyer, and Hiroyuki Noriuki, CEO at Bitbank Corporation were the ones who handed
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While some analysts are stereotypically predicting Bitcoin’s funeral following its continued bearish trend, trader Brian Kelly has urged followers to cool their jets and look at the bigger picture. 3 Reasons Why Bitcoin is Not Dead There are three primary reasons why Bitcoin’s current price action is not indicative of the first and foremost cryptocurrency’s untimely death, according to popular trader Brian Kelly. “This is not the funeral for Bitcoin whatsoever,” the CNBC “Fast Money”
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Japanese cryptocurrency exchange BitFlyer suspended new account registrations on June 21, after regulators demanded it improves its security arrangements. BitFlyer Hit With AML/KYC Cleanup A tweet and statement confirmed the move, which officials implemented as part of a Business Improvement Order from Japan’s Financial Services Authority (FSA). The statement reads: We apologize to all concerned and the customers who have caused a great deal of worry and inconvenience due to this business improvement order. BitFlyer
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Japan is one of the world’s most crypto-friendly nations at the moment. It made digital currencies legal tender in April last year and enjoys a free and unfettered crypto trading environment. The drive behind this adoption of virtual currencies is an efficient and structured framework of regulation. This is about to be improved with the merger of two of the country’s leading cryptocurrency groups. According to reports the Japan Blockchain Association and the Japan Cryptocurrency
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