Cryptos Are Here to Stay, JP Morgan Report Says

This is stated in the internal report of the financial holding
22 March 2018   311

In the internal report of JP Morgan, it is asserted that the cryptocurrencies will not disappear anywhere, they will prosper, and investors will continue to invest in crypto-currencies, attracted by decentralized technologies, anonymity and peer-to-peer networks. This is reported by Smartethereum.

The ecosystem of blockchain will develop further, for a long time, and all existing gaps in the technology of blockchain will be eliminated, JP Morgan believes, according to the report.

The statements in the internal report contrast with the actions of JP Morgan, which last week banned the use of its credit cards for the purchase of cryptocurrency.

JP Morgan's reports, most likely, are not a change in the bank's attitude to crypto-currencies, however, they show that JPMorgan recognizes great potential for crypto-currencies.

In February this year, analysts of JPMorgan Chase presented a report, according to which crypto-currencies can contribute to the diversification global portfolio of securities.

Line to Launch Bibox Exchange in Singapore

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem
16 July 2018   140

One of the most popular messengers in Asia Line has launched a Bitbox exchange in Singapore. Trading on the platform started this morning and is limited to pairs with crypto-currencies, Cryptovest reports.

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem.

BITBOX is only for trading cryptocurrencies (Digital Tokens). Fiat currencies (USD, KRW, etc.) cannot be exchanged on BITBOX.
 

Bitbox Website

Bitbox charges a 0.1% commission and supports 15 languages, including English, Korean, Chinese, Spanish, French and German. In Russia, the US, Japan and some other countries, the exchange is not available.

At the beginning of the year, Line Group applied for a license to the Japan Financial Services Agency, but the process dragged on because of tightening of the regulator's requirements in the light Coincheck exchange hack. All crypto exchange, wishing to provide services in the Japanese market, are required to obtain permission from the local regulator.

Currently, Line is also in the process of obtaining a license in the US. The company decided to open its first trading platform for crypto-currencies in Singapore, as this city-state adheres to a progressive approach to the regulation of the digital currency sphere.

With cryptocurrency, we are going to take our challenge in financial services global.
 

Takeshi Idezawa

CEO, Line

In May, Line Group denied rumors that it intends to release its own token and distribute it through the ICO. Every month Line is used by about 200 million people. The messenger is extremely popular in Japan, South Korea and Thailand.