South Korea Bans Anonymous Bitcoin Trading

The government of South Korea said that virtual coins can not play a role as actual currency and could result in high losses due to excessive volatility
28 December 2017   2429

South Korea’s government said on Thursday it will impose additional measures to regulate speculation in cryptocurrency trading.

According to the statement, the steps will include a ban on opening anonymous cryptocurrency accounts and new legislation to allow regulators to close virtual coin exchanges if needed, a measure recommended by the justice ministry.

The government said that virtual coins can not play a role as actual currency and could result in high losses due to excessive volatility. It also noted that trading prices of most cryptocurrencies were much higher on South Korean exchanges than they were on exchanges in other countries.

Recently, we have reported that the government of South Korea announced that it would prohibit foreigners and minors from dealing with cryptocurrency trading or opening accounts in local banks

tZERO to Launch Bitcoin Trading App

Application itself is being developed by Bitsy; it may also begin to support Ethereum in the future
22 March 2019   149

The security tokens platform tZERO announced plans to launch a mobile application for buying and selling bitcoin. In the future, the application may also begin to support Ethereum,  CoinDesk reports.

According to Saum Noursalehi, CEO of tZERO, applications for iOS and Android devices should be launched in June. Bitsy is developing it, a cryptocurrency start-up that is part of the portfolio of the Overstock venture division of Medici Ventures.

That’s part of the reason we acquired Bitsy — to accelerate time to market for our mobile app. They have an app for trading crypto, primarily bitcoin, in a beta-phase, they built a wallet and key recovery mechanism, and this will be the foundation of the mobile app for tZERO. They are also working on some cool stuff like biometric login. 
 

Saum Noursalehi

CEO, tZero

According to him, the application will allow you to store cryptocurrency without the need to trust third parties and it will be connected to the network of exchanges through the API. The implementation of this plan will occur through partner tZERO, the institutional trading platform SFox.

In the future, the head of tZERO added, the platform also intends to create its own cryptocurrency vault to meet the demand from users.

The public beta testing of Bitsy wallet started in November 2018. With his help, the Overstock retailer plans to launch Bitcoin sales on its website.