CryptoSunday vol. 15


CryptoSunday became our’s team’s a tradition. This article is our 15th in the row. I hope your Sunday was sunny and calm, now some news from cryptoworld!

Coincheck removes 4 cryptos

Coincheck is a Japanese cryptocurrency exchange platform which has been hacked lately. Now it published the official decision about removing four cryptocurrencies available to trade.

This decision was actually predicted, now the platform reveals that not only Monero (XMR) but also Zcash (ZEC), Dash (DASH) and Augur (REP) will disappear from the list of cryptocurrencies available to trade on Coincheck on June 18. The decision is explained by complying with counter-terrorist financing (CFT) and anti-money laundering (AML) measures issued by Japan’s the Financial Services Agency (FSA), which is a financial regulator.

As a reminder, Coincheck in January of this year lost over $532 mln in NEM because of a hack. FSA especially wants to limit the trading of anonymity-focused altcoins as they are harder to track.

Political campaign paid in cryptos

Soon enough the political candidates in Colorado state may accept cryptocurrencies as a donation for their campaigns. Secretary of State Wayne Williams presented draft rules in which he wants to allow cryptos as donations.

The US Federal Election Commission (FEC) has already accepted Bitcoin as a donation for political projects. That means that the receiver of a donation for the political campaign has 10 days to transfer the cryptocurrency into an official depository. All the crypto donations will be treated as cash donations with the value determined at the time of donation.

Colorado’s deputy secretary of state Suzanne Staiert is actually skeptical about this kind of donations saying: ““[it’s] going to be an accounting problem, potentially, for campaigns who want to use it.”  She also added: “FEC is doing it now, so we are just going along for the ride.”

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