CryptoSunday vol. 13

Marcin Iwański
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Below you will find the most important news which happened during this weekend in crypto world!

South Korea wants ICOs

The Korea Times reported that a group of South Korean law-makers is working on a new regulation bill to legalize new ICOs and cryptocurrencies in South Korea.

“The primary goal (of the legislation) is helping remove uncertainties facing blockchain-related businesses.”

During forum devoted to ICOs and blockchain tech at the National Assembly, Hong Eui-rak from Democratic Party of Korea said that “the bill is aimed at legalizing ICOs under government supervision.”

Crypto payments will come back on Reddit

A few months ago Reddit resigned from cryptocurrency payments because of “high fees”. In the last interview with Reddit’s CTO, he hinted that Reddit might soon enable cryptocurrency payments.

“We just didn’t have time to upgrade our current API integration, and once the redesign… is landing, I think we’ll see crypto payments come back,” he said.

Switzerland’s Largest Bank doesn’t want cryptos

In the statement, Axel Weber (the chairman of the UBS) said that UBS would not offer trading in cryptocurrencies for its customers.

“[cryptocurrencies] are often not transparent and, therefore, open to being abused,”

For the chairmen, cryptocurrencies are at best highly speculative investment vehicles and at worst a way to support money laundering and terrorism support.

However, as usual, they admire blockchain technology and want to use it.

“everything that makes processes simpler, faster and more secure is beneficial to all of us: client, shareholder or bank.”


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