DeCenter CryptoEvent to Take Place in Moscow

The headline speakers of the remarkable event will talk about the investment-worth projects, strategies of making profits in the growing market of cryptocurrencies and ICOs
13 March 2018   301

The DeCenter CryptoEvent, which will take place on March 27 - 28 in Moscow, Russia, will become a place for the outstanding international blockchain forum and an informative crypto exchibition. DeCenter CryptoEvent is deservedly considered to be one of the largest cryptocurrency exhibitions in Europe as it hosts more than 10.000 participants, 60 expert speakers in crypto and ICO, and presents more than 100 stands.

Decenter CryptoEvent MoscowDecenter Cryptoevent Forum

Location: CEC "Expocenter", Krasnopresnenskaya nab., 14, Moscow-City, Moscow, Russia
Date: March 27 - 28, 2018

The headline speakers will talk about the investment-worth projects, strategies of making profits in the growing market of cryptocurrencies and ICOs, and about the ways how companies companies manage to attract huge amounts of money for their projects.

The well-known speakers, who will attend the event are German Klimenko (Russian Federation Presidental adviser for Internet development), Boris Akimov (CEO at LavkaLavka and blockchain platform BioCoin), Kosuke Takada (Extravaganza International, Inc.), Lukasz Zeligowski (SEO at easyMINE), Vitaly Dubinin (CEO at BANKEX Lab), and many more.

The DeCenter CryptoEvent will take place in several halls of Expocenter. The Main hall will welcome attendees interested in investments in ICO and crypto-currencies; Hall "Marketing ICO" will be ready for those who plan to conduct ICO; and the Technology Hall will host IT and startup specialists.

CryptoExpo 2018 will host stands from cryptocurrency exchanges, investment funds, companies starting ICO, providers of crypto-mining equipment, blockchain-platforms, trading apps and services and software developers.

There are several categories of tickets, which are available for reservation on the website of the event.

Korea to Hasten Crypto Regulation After Bithumb Hack

As reported, recent Bithumb hack will fasten the process of implementing the country’s first crypto regulatory framework
20 June 2018   84

South Korean authorities have previously announced that they will regulate the exchange of cryptocurrency on a par with banks and tighten the requirements for them. Today's hack of the Bithumb exchange will speed up the process of developing the first fully-fledged legal framework for cryptocurrencies regulating in the country, CCN reports.

On June 11, after several months of discussions, the South Korean government and local financial regulators, including the Financial Intelligence Service, came to the conclusion that it was necessary to properly regulate the crypto-currency market with an eye to protecting investors and preventing large-scale hacker attacks.

Under current regulations, there are clear limitations in preventing money laundering on crypto exchanges because the only way authorities can spot suspicious transactions is through banks. If the bill of lawmaker Jae Yoon-kyung from the Democratic Party of Korea passes, local authorities will be able to impose identical regulations on crypto exchanges that are implemented on commercial banks.

Spokesperson from the Korea Financial Intelligence Unit 

 Despite the absurdity of the situation, at present, the crypto exchanges in South Korea is regulated as providers of communication services. In other words, to start the exchange it's enough to have about $ 30. Since exchanges of digital currencies have this status, government agencies and financial regulators do not directly supervise their activities.

On June 18, for the first time in history, local authorities acknowledged that the South Korean government was slow to implement rules to regulate the scope of the cryptocurrency, because it feared that investors would perceive this as a permissive signal for investing in digital assets and a sign of their legitimacy.

An increasing number of officials begin to share the view of a member of the National Assembly Committee Park Yong-kin, who said in late 2017 that the government cannot simply leave cryptocurrency exchanges unregulated because it only worsens the cryptocurrency sector.

We are frustrated as well. We fully understand that the government is reluctant towards regulating the cryptocurrency market because it will inevitably lead investors to consider it as the government’s way of legitimizing the market. But, if the government leaves the cryptocurrency market unregulated, it is simply leaving it vulnerable to variou issues.

Park Yong-kin

Member, National Assembly Committee

Local analysts say that officials already planned to speed up the development of measures for control in the cryptocurrency sector after hacking of CoinRail exchange, and the attack on Bithumb, which neither investors nor authorities were ready, will force lawmakers and regulators to present legal acts that will put the crypto exchange on one step with the banks, in even shorter terms.

Once the law is passed, the exchange need to work with local financial authorities and comply with safety standards if they want to continue to operate in South Korea. It is expected that the intervention of the Financial Intelligence Service and the Financial Services Commission will lead to significant improvements in the data processing, security and infrastructure of such sites.