S. Korea to Support 'Normal Transactions' of Crypto

Head of the Financial Supervision Service (FSS) said the government will support the cryptocurrency industry
20 February 2018   390

South Korea's financial regulator confirmed information that the government intends to support trade in crypto-currencies and call banks to servicing stock exchanges, crypto-currency, once again refuting information about a possible ban on this type of activity. This is reported by Yonhap News.

Choe Heung-sik, head of the Financial Supervision Service (FSS), said the government will support the cryptocurrency industry. In particular, he noted that the government will facilitate the conduct of "normal transactions" using crypto currency, after the rules prohibiting anonymous trade in crypto-currencies entered into force three weeks ago.

Chow held a meeting with representatives of the crypto exchanges, where he said that the government "will support (cryptocurrency trading) if normal transactions are made."

The new system of regulation of the crypto-currency trade in South Korea began to operate on January 30. It requires the use of bank accounts tied to the real names of market participants. Anonymous traders can still participate in trades using assets that are already on the stock exchange crypto currency, but they can not work with the fiat.

Although several large exchanges are already serviced by the country's leading banks, smaller sites often do not have access to new accounts and are forced to provide services in a limited amount.

Chow, in turn, assured that the government will "facilitate" the establishment of links between the exchange of crypto-currencies and banks.

Change.org to Mine for Charity

According to the calculations, if 10k computers will run the minning screensaver for 12 hours a day, the charity fund will receive $10k monthly
18 July 2018   104

Social platform for petitions Change.org announced the launch of a screensaver that mines Monero on users' computers. All tokens will be transferred to the charity fund of Change.org. This is reported by Coindesk.

This initiative was launched in partnership with the marketing agency Tracelocke Brazil.

Representatives of Change.org report that the screensaver will consume resources only when users do not use the computer. According to their calculations, if 10 thousand computers will run the screensaver for 12 hours a day, the charity fund will be transferred $ 10 thousand monthly.

At the moment the program is available only for Windows users and the platform did not report on the release plans for the version for macOS.

Note that at the end of April, a similar action was launched by the Australian unit of the United Nations International Children's Emergency Fund; (UNICEF). The website "Page of Hope" mines Monero cryptocurrency.