Bitcoin Exchange HitBTC Suspends Japan Operations
The HitBTC exchange has suspended work with residents of Japan after not obtaining permission from the Financial Services Agency (FSA) of the country. This is stated on the official website of the organization in the section with legal information. To its users with Japanese IP addresses, the exchange will offer to pass the verification know-your-customer (KYC) procedure in order to prove that they are not residents of the country. Later, the exchange placed a notice, confirming that the new rules "will apply only to those who live in country." Representatives of the exchange also thanked all of their customers from Japan for their support and loyalty.
Indonesia Has Recognized Digital Currencies As Commodities
Indonesia's Futures Exchange Supervisory Board (Bappebti) recognized digital currencies as a commodity and has allowed the trade in cryptocurrency futures. This was reported by the agency's market supervision chief, Dharma Yoga, writes Jakarta Post. The publication notes that the decision was made after four months of research on this issue.It is also noted that in the near future, that Bank Indonesia (BI) will finalize the development of rules for regulating the activities of crypto-bills in the country and their taxation. Dharma Yoga also noted that in order to prepare an exhaustive regulatory framework, the agency turned to local crypto-exchanges to make their own proposals regarding potential regulation.
Indian Сrypto-Exchanges Are Trying to Find a Consensus With RBI
The Indian crypto-exchanges are ready to make some concessions in order to establish a relationship with the Reserve Bank of India (RBI). Recall that April 5, the Reserve Bank of India has virtually banned cryptocurrencies by barring regulated entities from providing services to any individual or business dealing in digital currencies. In response to this ban, the stock exchanges were submitted to RBI in court. The next Supreme Court session is scheduled for July 20. During the last hearing, the country's supreme court offered the exchanges to find a common language with the RBI and agree on an interaction. Last week, the firms sent out letters in which they made their statements regarding the situation.
Visa System Failure Caused New Discussions About the Merits of Cryptocurrency
On June 1, the Visa system crashed, causing payments with plastic cards to temporarily be unusable. Holders of cryptocurrency in Europe had an occasion to use digital money as a means of payment. This caused new discussions about the merits of the cryptocurrency.
Australian Brisbane Becomes a Crypto Hotspot
Australian Brisbane is becoming the foremost city using cryptocurrency. The local airport introduced payments in cryptocurrencies in its outlets and in addition, "Australia's first digital currency town" appeared five hours north of Brisbane.
Steve Wozniak Agreed That Bitcoin Could Become a Single Currency
Apple (NASDAQ: AAPL) co-founder Steve Wozniak agreed with Twitter CEO Jack Dorsey who recently said he believes that bitcoin will become a single global currency because it “is mathematically defined.” "I buy into what Jack Dorsey says, not that I necessarily believe it's going to happen, but because I want it to be that way, that is so pure thinking," Wozniak told CNBC on Monday.
At 21.20 (GMT+1) total cryptocurrency market capitalization stands at $286,7 billion
DigixDAO (+21,86%) showed the best growth in the top-100
Market Dynamics
The trading volume of cryptocurrencies for 24 hours reached to $ 17 billion (-1,3 billion per day)
Mining Profitability
- Bitcoin: $ 0,47 for TH/s
- Ethereum: $ 0,05 for MH/s
- BitcoinCash: $ 0,47 for TH/s
- Litecoin: $ 6,1 for GH/s
- Dash: $ 0,17 for GH/s
By Ekaterina Ulyanova