Industry Watch 13 February, 2018

Nami | Daily Crypto News 13.02.2018

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Reuters: BOJ Kuroda says cryptocurrency won’t threaten yen, largely speculative

Bank of Japan Governor Haruhiko Kuroda said on Tuesday cryptocurrencies likely won’t threaten legal tenders like the yen any time soon as they are mostly used for speculative trading, rather than as payments and settlement means.

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Coin Telegraph: Nami.trade – A World Of Freedom For Trading

Nami Corporation is proud to introduce nami.trade – a decentralized trading exchange that will democratize and revolutionize trading forex, commodities, indexes, bonds and cryptocurrencies. Capitalizing on advanced Blockchain technology, nami.trade is a transparent, decentralized, anonymous, and fully automated trading exchange to reduce trading fees by 100 times compared to other traditional exchanges.

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Coin Speaker: Ripple Partners with UAE Exchange for Cross-Border Payments

This is the first money transfer deal from the middle east to establish instant money transfer.

Coin Speaker: Coinbase Launches Commerce Button, a PayPal-Like Plugin to Accept Crypto Payments

The new Coinbase Commerce button will be integrated on merchant websites and used by customers to make payment from four different crypto options.

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Coin Telegraph: Russia: Ministry of Communications Requires ICO Issuers To Have $1.7 Mln Nominal Capital

Russia’s Ministry of Communications and Mass Media (Minkomsvyaz) has published a document establishing the licensing rules for ICO projects. Some of the key requirements presented to digital token issuers require nominal capital of about 100 mln rubles – approximately equal to $1.7 mln – and a license for the development, production, and issuance of tokens.

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Deal Street Asia: Thai central bank prohibits financial institutions from trading in cryptocurrencies

Thailand’s central bank said on Monday it had asked financial institutions not to get involved in cryptocurrency transactions for fear of possible problems from the unregulated trading.

Fortune: Cryptocurrency Crackdown Continues With New Jersey Ban

On Friday, the New Jersey Bureau of Securities ordered Bitcoin-related investment pool Bitstrade to stop offering its goods in New Jersey.

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Business Insider: Criminals in Europe are laundering $5.5 billion of illegal cash through cryptocurrency, according to Europol

Europol director Rob Wainwright said 4% of all criminal proceeds are now turned into cryptocurrencies.

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