GMO Coins enlarges its offering

Partnership with Ripple helps to bring in new businesses
27 November 2017   459

GMO Coin revealed its plans to broaden offerings, for that purpose the cryptocurrency exchange uses Ripple set starting November 29. After joining the company will offer several types of cryptocurrency including Bitcoin, Litecoin, Bitcoin Cash and Ethereum. Representatives of GMO Coin revealed about their intentions to use Ethereum Classic. The certain date is not known yet but the company suggested that it will be in December.

Previously GMO Coin told that they wanted to start a Bitcoin Mining Business with help of progressive semi-conductor cheaps and high-power computers. The mining center will be established in North Europe.

Despite such extensive plans there were some problems with the trade of cryptocurrency. Technical support of the company received many complaints on  November 22 but GMO Coin reported that all errors were fixed. Representatives of the exchange said that it was just a technical glitch.


Blockchain roundtable organized in Japan

Japan`s regulator, Financial Services Agency (FSA) has opened some details of the closed-doors roundtable
21 March 2018   77

This meeting was arranged for regulators and central banks from many countries and it was connected with a wide multilateral joint research project on blockchain technology. The private conference was held on March 8 and 9, then FSA confirmed its report on Monday.

The financial regulators and central banks from a number of countries met Japanese and foreign academic institutions at the FSA-hosted roundtable. The representatives of the central banks of Singapore, Canada and Japan faced the financial regulators from the UK, France, Abu Dhabi, Hong Kong and the Australian security regulator. They discussed their points of view on the possibilities and disadvantages of the public (open) blockchain technology.

The FSA declared that the roundtable should definitely reveal the blockchain`s peculiar risks and opportunities. Also this financial regulator constantly researches possible weak spots of the public blockchain technology, relevant questions of its security and technical perspectives.

The list of subjects which were discussed at the roundtable includes the “Blockchain innovation and responsible user protection”, “Potential of blockchain”, “Blockchain tests and use cases - jurisdictional Proof of Concept” among others.

The FSA added that despite many details of the closed-door discussion stay under wraps, some common positions and challenges may be shared with the public while agreed upon by all the participants.

The banking market in Japan is aimed to be the largest consumer-end implementation of blockchain tech through a consumer payments application powered by Ripple. Therefore the largest central banks in the world were told cryptocurrencies “do not pose risks to global financial stability” during the ongoing G20 summit in Argentina by the international Financial Stability Board.