DAILY NEWS - Crypto Dygest 01 Feb 2018
Summary:
Russian Sberbank takes his cryptoball and goes to play with Europe; Japan really loves XRP, even on a top financial level; UK follows Australia and announces gold-backed cryptocurrency; Venezuela’s hopes for Petro rising, presale to come soon; Any crypto transactions in Hawaii will require licence.
BONUS Thread of The Day — How IOTA Will Reshape Taipei, Taiwan.
- Russian Sberbank Will Trade Cryptocurrencies in Europe
If you cannot trade crypto at home — trade it abroad. In order to avoid violating fresh domestic rules, Russian central bank — Sberbank — plans to follow this simple recipe and start trading cryptocurrency legally in Europe, Switzerland.
- Japan’s Financial Service Group Announces XRP as a Primary Currency
SBI Holdings, who are Japan’s leading financial service group, announced their crypto exchange SBI Virtual Currency. And Ripple will be the only digital asset supported on the exchange. Not really sure what type of exchange this will be with only one crypto asset, but on a local Japanese market Ripple may explode.
- UK Royal Mint To Create Gold Backed Crypto
I have noted last week that Australia’s Perth Mint gold refinery and producer will launch their crypto in 12 to 18 month without an ICO. This time it is their UK competitors coming up with similar idea. Not a lot of information as yet (price of coins etc) so lets let keep hands on pulse not to miss out new Golden Fever.
- Venezuela Announces Petro Presale and Legalises Mining
It actually takes just over 500$ in electrical power in Venezuela to mine 1 BTC. With such low prices it is no wonder why locals were setting up mining rings. In recent years many of them had been arrested for violating law. But now it all has changed. Mining is officially legal, arrested people had been freed and Petro Presale had been announced.
- Hawaii Issues Virtual Currency Licences
New laws will define clearly what crypto means to Hawaiians. But it not only will define what crypto is, but also will oblige those holding any crypto assets to obtain a license. Not clear as of yet how much this will cost, but Coinbase already left the state. Hearings will take place on Feb 2.
BONUS Thread of The Day
Taipei, Taiwan Together With IOTA To Become Blockchain-Powered Smart City.