Banking Group SBI Postponed the Launch of a Crypto Exchange

In order to boost security measures, Japanese banking giant SBI Group again postponed the launch of a cryptocurrency exchange  
28 February 2018   664

According to the announcement, despite the fact that SBI Virtual Currencies platform has already started offering account registrations to certain priority investors, the launch of crypto exchange will be delayed. SBI will postpone applications from ordinary customers and push the date of the start of trading.

The reasons for the delay is that the platform needs more time to strengthen security measures and to determine how to manage asset custody and finalize its customer management system.

In October 2016, SBI announced its plan to establish SBI Virtual Currencies. It completed business registration with Japan's Financial Services Agency (FSA) in September 2017. But in December of last year, the firm postponed its schedule for accepting account registrations from the general public.

The latest delay comes after FSA increased its scrutiny over Japan's cryptocurrency exchanges regarding security issues.

Bitfinex to Launch New Improved Fiat Deposit System

New system of deposists supports 4 popular currencies and requires KYC procedure completion
17 October 2018   93

Bitfinex Cryptocurrency Exchange has introduced a new system for fiat currencies deposits: the US dollar (USD), the British pound (GBP), the Japanese yen (JPY) and the euro (EUR). Now, the users who have completed the KYC procedure will create an application, indicating the deposit amount and currency, and the platform representatives will consider it within 48 hours.

Then, if approved, users will be sent the recipient's bank data, and the deposit itself will be credited to the account within 6-10 business days.

In this case, the minimum threshold of $ 10,000 was not abolished.

Earlier, Bitfinex had an anomalous growth of Bitcoin to the level of $ 7,788, which was associated with the possible collapse of Tether.

Nevertheless, the USDT price also stabilized, and representatives of the issuer said that the tokens were fully secured.