South Korean authorities refutes crypto ban rumours

Head of the Financial Services Commission (FSC) Che Yonku said that to ban cryptocurrency exchanges serious legal grounds are needed
28 December 2017   424

A number of media reported that the South Korean authorities intend to ban the activities of cryptocurreny exchanges. The source of the false information was a local publication that referred to a government official close to the decision-making center.

This news appeared against the background of inspections in the offices of cryptocurrency exchanges and the general negative position of the South Korean government regarding the cryptocurrency industry. The country's Prime Minister even declared that digital currencies "corrupt youth". He also ordered the formation of a working group to study crypto currency as a tool for creating financial pyramids and speculative schemes.

In addition, South Korea has become one of the few countries that have decided to completely ban the ICO, which already speaks in favor of the determination of the authorities. Financial companies are also prohibited from interacting and trading crypto-currencies.

However, the head of the Financial Services Commission (FSC) Che Yonku said that to ban cryptocurrency exchanges serious legal grounds are needed.

The authorities intend to regulate the activity of cryptocurrency exchanges within the framework of improved AML-legislation, but not to prohibit them.

DROXNE to Release Roadmap

Droxne has announced that it is working on the white paper and roadmap, which will be released on February 20, 2018
20 February 2018   204

Droxne is a peer-to-peer crytpocurrency gaming platform which uses DRXNE as its ingame currency. DRXNE is a decentralized and open-source cross platform cryptocurrency dedicated to enhancing the gaming experience on the blockchain for all users.

Droxne has announced that its team is working on the white paper, roadmap, ecosystem website and a new platform work stream. Droxne plans to release the full version of its roadmap on February 20, 2018.

DROXNE roadmap release announcementDROXNE Roadmap Release Announcement

The other future development plans of Droxne include building new Droxne website, integrating APIs to show DXRNE price, PoS difficulty, sharing count on website homepage. Moreover, it strives to build a developer fund to facilitate payment of bounties – initially community donations, long term explore funding with portion of staking income.

At the moment of press, these are main market parameters of DROXNE:

Average price: $0,015766
Market cap: $1 057 791
24h volume: $3 330