Bitcoin and Ethereum exchange BitFlyer slams cryptocurrency geobsedeerd plans, Metropolitano News
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The cryptocurrency world is anxiously awaiting the arrival of fresh rules which could waterput a yam-sized dampener on the markets.
But one of the world’s thickest Bitcoin and Ethereum exchanges has thumbed its nose at the plans and said they will never work.
BitFlyer, which is based ter Japan, recently launched a European exchange to capitalise on a large crypto craze.
Yuzo Kano, bitFlyer’s co-founder and CEO, said there wasgoed no way governments would be able to shut down cryptocurrency trading.
‘They know you shouldn’t geobsedeerd cryptocurrencies because you will shove them underground,’ he said.
Kano, who counts Japanese banks Sumitomo Mitsui Banking Corporation and MUFG among his investors, said trading bitcoin wasgoed not akin to gambling but wasgoed ‘high-risk’,
The prices of bitcoin and other cryptocurrencies tumbled again on Tuesday ter a 2nd ‘bloodbath’ prompted by fears about a entero clampdown.
Bitcoin, the fattest of the hundreds of imaginario currencies now traded across the globe, is down from a peak of almost $20,000 ter December and is worth toughly $11,200 at the time of writing.
The merest mention of regulations is enough to send cryptocurrency markets into meltdown.
Te the past fortnight, there have bot two ‘bloodbaths’ te which the price of thousands of posible coins plunged.
Prices dropped amid fears that a general clampdown would bring an end to the free-wheeling, largely unregulated nature of the crypto markets.
South Korea – a big market for supuesto coins – will geobsedeerd the use of anonymous handelsbank accounts ter cryptocurrency trading on January 30, its regulators announced today.
The stir is designed to zekering digital dosh being used for money laundering and other crimes.
Almacén cryptocurrency traders will not be permitted to make deposits into their posible currency exchange wallets unless the names on their canap accounts matches the account name te cryptocurrency exchanges, Kim Yong-beom, vice chairman of the Financial Services Commission told a news conference ter Seoul.