Gate.io Lists Lympo (LYM)

Lympo (LYM) trading on Gate.io started on March 29
29 March 2018   1502

Gate,io cryptocurrency exchange added Lympo (LYM) to its market on March 29. LYM/USDT pair is available for trading.

About Lympo

Lympo is a healthy lifestyle ecosystem creator that uses the blockchain technology to connect numerous stakeholders. Lympo generates value through the effective monetisation of user-generated sports and wellness data. This valuable information is collected via the blockchain ledger and is then used to reward users by offering LYM token incentives that can be expended on further enhancement of a good lifestyle.

LympoLympo

Users’ data can also be used to supplement health insurance to induce and sustain a truly healthy society. With the help of numerous advisors from the fields of fitness, blockchain and entrepreneurship, Lympo seeks to foster a viable health transformation.

LYM chartsLYM charts

Price at the moment of press: $0,02
Market cap: $11 145 112

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All the information regarding new tokens and coins which are hitting the markets and exchanges in 2018 you can see in our calendar.

Mexican Exchanges to Critisize New Regulation

Industry representatives have already called it a disaster for the country's economy as a whole
18 March 2019   48

At the end of last week, the Bank of Mexico published the details of a new legal framework for cryptocurrency regulation. Industry representatives have already called it catastrophic, not only for their business, but also for the country's economy as a whole, Bitcoin.com writes.

Since the circular seems to have been written in a rush and without careful analysis and basic competence, it leaves to the interpretation of certain important things.. Mexico is the endpoint to the biggest remittance corridor in the world (second largest population of migrants), the 6th most visited country by tourists and [is the] country with the largest number of free trade agreements. [Therefore, the country] has a lot to gain from the industrial application of virtual assets (activos virtuales) to facilitate free trade, tourism and financial inclusion. The impact goes beyond the crypto industry. I believe it damages the economy as a whole.
 

Acosta Checa

CEO, Isbit 

Isbit has already switched to working with corporate clients. If the exchange wants to continue to serve the public interest, then it will have to protest the new rules, Checa noted. Volabit CEO explained that these requirements apply only to regulated fintech companies, which are not yet available in Mexico, since the procedure for registering such companies does not exist. Unregistered exchanges can continue to serve customers until September of this year.

Essentially stipulated that they wouldn’t authorize any cryptocurrency to be offered by regulated financial companies.
 

Tomas Alvarez
CEO, Volabit

Bitso - another Mexican exchange - in its blog said that the new requirements will not cause a full stop of its operating activities, but can significantly slow down the development of the industry.