SEC to Interest Crypto Hedge Funds Operations

American regulators continues its operations in the cryptocurrency field
15 March 2018   289

The SEC began to request the crypto-currency hedge funds for information on their operational activities, Bloomberg reports. The regulator is interested in the methodology for evaluating crypto assets, as well as their storage system.

As part of its check, the SEC recently sent a number of requests to crypto-focused hedge funds asking how they price digital investments and seeking information on their compliance with rules meant to prevent the theft of investors’ cash.

The SEC has taken a very deliberate approach in this space. I think they are just trying to get a handle on the large ecosystem.
 

Peter Van Valkenburgh

Director of research, Coin Center

The number of crypto-currency hedge funds exceeds 220. Of these, 187 have opened since the beginning of 2017. Since most of these companies manage assets of less than $ 150 million, they do not need to register with the SEC.

Line to Launch Bibox Exchange in Singapore

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem
16 July 2018   140

One of the most popular messengers in Asia Line has launched a Bitbox exchange in Singapore. Trading on the platform started this morning and is limited to pairs with crypto-currencies, Cryptovest reports.

Bitbox supports 28 digital currencies, including Bitcoin, Ethereum, USDT, XRP, Litecoin, Ethereum Classic, Bitcoin Cash, Bitcoin Gold, MonaCoin, Qtum and Golem.

BITBOX is only for trading cryptocurrencies (Digital Tokens). Fiat currencies (USD, KRW, etc.) cannot be exchanged on BITBOX.
 

Bitbox Website

Bitbox charges a 0.1% commission and supports 15 languages, including English, Korean, Chinese, Spanish, French and German. In Russia, the US, Japan and some other countries, the exchange is not available.

At the beginning of the year, Line Group applied for a license to the Japan Financial Services Agency, but the process dragged on because of tightening of the regulator's requirements in the light Coincheck exchange hack. All crypto exchange, wishing to provide services in the Japanese market, are required to obtain permission from the local regulator.

Currently, Line is also in the process of obtaining a license in the US. The company decided to open its first trading platform for crypto-currencies in Singapore, as this city-state adheres to a progressive approach to the regulation of the digital currency sphere.

With cryptocurrency, we are going to take our challenge in financial services global.
 

Takeshi Idezawa

CEO, Line

In May, Line Group denied rumors that it intends to release its own token and distribute it through the ICO. Every month Line is used by about 200 million people. The messenger is extremely popular in Japan, South Korea and Thailand.