G20 Summit to Discuss Cryptocurrency

Here’s what happened in the world of
blockchain and cryptocurrency
in the last one week. Coming up …
Hi I’m Ajay from Koinlocker and I make these short videos
to bring you the latest from the world
of blockchain and cryptocurrency in the last one week.
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The Chamber of Deputies of Brazil has ordered to
establish a commission to regulate
Bitcoin and other digital currencies in
Brazil. The Financial Action Task Force
will officially present rules pertaining
to cryptocurrencies at the G20 Finance
Ministers meeting in June in Japan, while
companies will have until 2021 to adapt to the rules
Malaysia’s Securities Commission has begun
registering cryptocurrency platforms
after it started regulating the crypto
space earlier this year. The first three
crypto operators have been conditionally
approved and given 9 months to comply with the registration requirements.
Meanwhile 19 crypto operators have been
told to cease operations.
The order also stated that operating digital assets
platform without authorization from the
Securities Commission is an offence
under the securities law.
World leaders will gather in Osaka as Japan hosts its first ever G20 summit
the 28th and 29th of June
Besides the G20
countries there are invited guest
countries and international
organizations that will be participating
including The United Nations, The
International Monetary Fund, The World
Bank and The World Trade Organization.
Cryptocurrencies regulations and how
users should be protected in the new
financial system are
being discussed at the conference
The US-based cryptocurrency company Bittrix announced
on the 7th of June that it would no
longer allow its US customers to operate
32 types of cryptocurrencies
after the June 21st.
The announcement came just a day after many non-US customers on another crypto platform
Poloniex lost a total of $13.5 million due to a flash crash
in a little-known cryptocurrency called Clams.
Bittrex’s decision to block assets
appear to be motivated by a desire to
prevent something similar from happening to its US customers.
Two major Indian news agencies have report that bill entitled.
” Banning of Cryptocurrencies and Regulation of
Official Digital Currencies bill 2019,
is the official proposal by the
inter-ministerial panel.
The economic times and the Bloombergquint wrote about it
however both publications have been
vague about their sources providing no
evidence to the bill’s legitimacy. While
the local media have made outrageous
claims about the details of the bill
industry experts have pointed out
numerous flaws and inaccuracies.
Meanwhile the country’s Finance
Secretary has confirmed that the crypto
regulation is ready to be submitted to
the Finance Minister for approval.
Bitcoinpeople.online is a merchant
directory listing companies that support
payments in Bitcoin cash and several
other major tokens. It’s useful for
both potential customers who want to
find places to spend the digital
currencies and also for businesses that
are willing to accept digital assets for
their products and services.
Businesses can get listed on the portal for free and promote the products and services
That’s all the time we have today and if
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world of blockchain and cryptocurrency
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if you want to read about the topics I
just mentioned please find links in the
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