Blockchain Info Launches BTC Buy/Sell in US

While users have the opportunity only to sell bitcoins, and the buying option will be available later
19 January 2018   367

One of the world's largest cryptocurrency wallets Blockchain.info launched a service for the sale and purchase of digital assets in the United States. While users have the opportunity only to sell bitcoins; the purchase option will be available later. This is reported by CNBC.

For customers of Blockchain.info from the UK similar services have been available for some time. The company's executive director Peter Smith said that the initial limited functionality in the US is due to the desire to avoid unforeseen problems when starting the service.

If we are prioritizing short-term gains, we would prioritize buy — that is what most people have done. But it's really time to make sure we nail that experience.
 

Peter Smith 

CEO, Blockchain. info

In the past, many users from the US complained of problems when working with various sites, including when withdrawing money. According to Smith, 22 million users are registered with Blockchain.info, while a million people use the service every day. At the same time, 30% to 40% of them live in the US.

Smith also added that "in a few weeks" Blockchain.info will be able to buy and sell other cryptocurrencies, not just bitcoin

Iranian Central Bank Doesn’t Recognize Bitcoin as Official Currency

The Central Bank of Iran announced that it has never recognized Bitcoin as an official currency and conducts no transactions in it or other cryptocurrencies  
22 February 2018   2

Last year, the Iranian government was interested in utilizing cryptocurrencies as a way of bypassing economic sanctions levied against the country. Today it completely changed its mind. The Central Bank of Iran announced that it will never recognize Crypto as official currency.

The bank informed citizens about risks of making investments because there is a chance to lose financial assets. Currently, the bank is cooperating with other institutions to develop mechanisms to control and prevent the use of cryptocurrencies in the country.

The wild fluctuations of the digital currencies along with competitive business activities underway via network marketing and pyramid scheme have made the market of these currencies highly unreliable and risky.

The Central Bank of Iran

However, there is some positive news. Today, Iran’s Information and Communications Technology (ICT) Minister Mohammad-Javad Azari Jahromi informed about the development of a local cryptocurrency by Post Bank. Unfortunately, the stage of research is not stated.