The French stock market regulator has released a statement with
regard to cryptocurrency related derivatives.
Not exact matches
Bitfinex, for its part, has been subject
to widespread speculation
regarding its solvency and activity
related to Tether, an embattled
cryptocurrency allegedly backed by cash reserves.
It has suspended for a period of 90 days the advertising activity carried out through the website www.coinspace1.com
relating to the public offering promoted by Coinspace
regarding «
cryptocurrency extraction packages».
Mr. Shanmugaratnam's comments comprise an apparent change in the position of the MAS with
regards to the
cryptocurrencies, as the MAS chairman has previously stated that the MAS will not seek
to regulate virtual currencies, except for when the activities
relating to cryptocurrencies directly fall under the juridical purview of the MAS.
In
regards to money laundering concerns, previous reports have indicated that reported
cryptocurrency -
related money laundering cases in Japan number only 669 out of 400,043 — which means
cryptocurrency cases reported in 2017 only account for less than 0.17 percent of all suspected money - laundering cases in the country.
Tether has recently faced a number of PR problems
relating to another major
cryptocurrency exchange, Bitfinex, and an anonymous whistleblower on Twitter known only as Bitfinex» ed have made numerous allegations
regarding Tether and the exchange colluding
to artificially manipulate the market.
The recent acquisition of three
cryptocurrency -
related domains sparked rumors in
regards to the possibility of Amazon integrating
cryptocurrencies such as bitcoin in the near future, given that most major retailers like Overstock, TigerDirect, and Japan's Bic Camera have already integrated bitcoin.
Recently there were Google's plans
to bar crypto -
related ads, but the search giant had no special policy of any kind
regarding cryptocurrencies and ICOs.
We are also aware that critics of
cryptocurrencies have raised various concerns
regarding transparency of information, trading, valuation and other matters
related to the nature of the underlying assets.