EXMO under DDoS attack

EXMO team assures that the platform will be available in the nearest future
28 December 2017   358

Bad events follow the popular ex-USSR cryptocurrency exchange on their heels. EXMO reported about the ongoing DDoS attack.

Representatives of the exchange promise that soon the work of the platform will be resumed.

The day before it became known about the kidnapping in Kiev the leading analyst of EXMO Pavel Lerner. Lerner stopped contacting December 26. At the moment, his whereabouts are still unknown.

Representatives of the exchange at the same time assured that the incident does not affect its work in any way.

UK launches an inquiry into cryptocurrencies

The inquiry by UK Treasury Select Committee will examine the risks and possible benefits of crypto for investors
22 February 2018   10

European governments are quite cautious about cryptocurrencies and investments into them. And the regulatory base is as of now a lot more sparse, than one in America and Asia. But UK has announced that the Treasury Select Committee is launching an inquiry into cryptocurrencies and the distributed ledger technology that is the base of all crypto networks.

The inquiry will study the risks and opportunities presented by digital currencies for businesses and individual investors. Also, the government wants to see the possible benefits for itself from integrating cryptocurrencies and blockchain into daily operations.

Nicky Morgan, the Chair of the Treasury Select Committee, told the press that public interest in cryptocurrencies is rising, but the investments are unregulated and unprotected by the laws. High risks involved in this market are worrying. She added, that finding the right balance between regulating digital currencies for protection of individual investors and allowing the freedom of innovation is necessary in this case, so the Committee's goal isn't stomping down on overall usage of digital currencies.

This notion is just a next step in widespread action taken by EU governments to regulate cryptocurrencies. Lawmakers all around the Europe are discussing the possible governmental stance on crypto. For example, France and Germany have announced the joint effort which will present a set of regulation in the field during the next G20 summit.