Korea’s largest cryptocurrency exchange, Bithumb will ban past and new accounts of users that are from the blacklist of eleven Non Cooperative Countries and Territories (NCCT). The move was officially announced on Monday, 27th May and is part of the exchange’s compliance with the global anti-money laundering (AML) norms.
Nasdaq will be launching a cryptocurrency exchange platform known as DX.Exchange during the next month (June2018). This is just another fact that shows that the cryptocurrency environment is getting more mature. The main purpose of the platform is to offer an ecosystem for OTC derivatives and cryptocurrency tokens.
Important cryptocurrency exchanges, among them, OKEx, have decided to suspend deposits of ERC20 tokens. The main reason behind that is that they discovered a serious bug that affected some smart contracts on Ethereum. The information has been released by OKEx in a statement on April the 25th.
Cryptocurrency exchanges are experiencing an increased income that is related to the fees they have on trading activities and other services. Some exchanges are registering over $3 million dollars per day according to Nauticus. What will happen with them in the future? Why don’t they cut trading fees even more?
Japan is known as one of the most cryptocurrency-friendly countries on earth. Its community is very active in the crypto market, and several enterprises operate from there. But nine Japanese exchanges have already suspended their operations. Why? Because they do not comply with the local regulations.