Brazilian Crypto Brokers Launch Crypto Association

The association created by Atlas would become an opponent of previously formed Brazilian Crypto-Economy Association (ABCripto)
16 April 2018   135

According to the information published on Portal do Bitcoin, the Atlas Project is launching the Association of Cryptocurrency and Blockchain (ABCB), represented by major cryptocurrency exchanges. Atlas adopts the best practices for the security of crypto assets, including operations in reliable exchanges and constant realization of invasion tests and stability in the system.

The association created by Atlas would become an opponent of previously formed Brazilian Crypto-Economy Association (ABCripto), which is represented by such crypto exchanges as Bitcoin Market, Foxbit, Bitcointrade, Walltime, Braziliex and FlowBTC. Both of associations have a goal to defend the interests of cryptocurrency holders and traders in Brazil.

ABCB will defend the cryptocurrency markets in Brazil, defend privacy and regulations that will not end innovation. There is legal uncertainty. Depending on the purpose, it may be considered a means of payment or a financial asset.
 

Fernando Furlan

President, ABCB

Reportedly, Natalia Garcia, a vice president of ABCripto and a legal director of Foxbit, stated that she had no idea that the competitor organization was being formed. Nevertheless, there is a chance that both associations will become partners in the future.

Nexon Can Buy Bitstamp For $350M

Bitstamp is one of the oldest cryptocurrency exchanges and has 3 million users
25 April 2018   53

South Korean company Nexon is negotiating the purchase of the oldest bitcoin-exchange Bitstamp, founded in 2011. This is reported by Business Insider with reference to informed sources.

According to the publication, the deal can amount up to $ 350 million. In addition, according to sources, Bitstamp is negotiating with another unnamed buyer.

Bitstamp takes the 13th place among the crypto-currency exchanges in the daily trading volume and has 3 million registered accounts. It should also be noted that this platform is the only licensed in Europe.

Representatives of both organizations refused to confirm or deny the fact of the negotiation process, however, Bitstamp advised the media to closely monitor all official statements regarding this issue.