South Korea To Adopt G20 Regulatory Framework

South Korea is said to be planning to adapt G20’s unified regulatory framework.

This comes after when South Korea’s Financial Services commission (FSC) broaden its scope on probing domestic cryptocurrency operators and wants a worldwide consensus on how to regulate the digital currencies.

It is said that adopting G20’s unified regulatory framework will give a more clear standing of South Korea with regards to cryptocurrencies.

However this initiative seemingly runs contrary to initial statements of newly appointed FSC commissioner, Yoon Sul-heun that he is easing regulations on local cryptocurrency exchanges.

Coincheck To Expand To America

Earlier this year Coincheck was thrust into Cryptocurrency Sphere lime light with it was involve in the biggest cryptocurrency heist of all time.

However, under new owners and leadership the Japanese exchange is said to be eyeing the U.S. in its effort to expand beyond the borders of Japan according to Monex, the Japanese company that bought the embattled exchange.

The company believes that the move to America is an important move since mush of the regulations that happens in the said country has great impact on Japan policies.

Moreover it believes that more regulatory clarity coming from the US will draw more investors in this emerging financial asset.

The First Multi-Currency Crypto ATM in South Africa

South Africa is getting its first cryptocurrency ATM that will be installed in Johannesburg, the country’s biggest and most riches city in the country.

It will be situated in Northwold Spar, one of the country’s major retailers.

The ATM is said to support several cryptocurrencies including Dash, Ethereum, Bitcoin and others.

However, citizens are reminded that while The South African Revenue Service does not regulate cryptocurrencies profits from this new type of assets are said to be still taxable.

George Neophytou, the general manager of Northwold Spar said that he got his inspiration for the initiative during his trip in Europe where he saw that a lot of retails stores are accepting bitcoins.

Snapchat Venture Capitalist Eyeing Crypto Investments

A venture capitalist firm who is behind Snapchat is said the be exploring cryptocurrencies as it plans to expand its presence in that space.

According to a partner of venture capital firm Lightspeed, Aaron Batalion, they are exploring three different methods in doing so.

Set a new fund, set a portion of their existing funds to cryptocurrencies or lunch an entirely new project.

Lightspeed is not the only traditional venture capitalist interested in cryptocurrencies Comcast ventures and Rockefeller family’s venture capital arm Venrock are making their way in the space as well.

Zcash Now Traded in Gemini Exchange

US-based and regulated cryptocurrency exchange Gemini is said to be preparing to trade Zcash starting May 22, 2018.

Gemini is said to have enabled the deposit a few days earlier from May 19, 2018.

Eric Winer, VP of Technology at Gemini, touted that the company is the world’s first properly licensed Zcash exchange in the world.

The listing of Zcash comes as a surprise as most privacy-centric coins are widely seen to run contrary to AML/KYC requirements.

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