1. South Korea Officially Responds to Previous Petition The South Korean government has to the signed by almost 300,000 people, calling for authorities not to ban crypto trading. Still, there will be a focus on creating regulations which will make the market more transparent as well as deal with illicit activities. The decision was made public by the Head of the Office for Policy Coordination, Hong Nam-ki, through a posted online. However, despite the positive news regarding the potential ban, the government has also communicated a among officials. Some agree the government should just regulate the cryptomarket, while others believe there should be a ban. Lastly, strategies to further develop the blockchain industry in the country are also under work. officially responded petition video difference of opinion 2. First License Granted in The Middle East Given to Dubai Trading Firm On Monday, we about 50 luxury flats located in Dubai being sold in Bitcoin. Now, more crypto news is coming from the city. Gold investment and trading firm Regal RA DMCC is to receive a cryptocurrency trading licence in the Middle East. The authorisation was granted by the Dubai Multi Commodities Centre (DMCC), which made the yesterday. The company will be in a vault located in DMCC headquarters. They will be insured, and the vault will not be connected to any network. This decision by the DMCC was motivated by a desire to use technology and innovation to revolutionise the way people do business. reported the first one announcement allowed to store cryptocurrencies 3. Canadian Securities Exchange To Launch Token Fundraising Platform The Canadian Securities Exchange (CSE) has recently the launch of an securities clearing and settlement platform. Companies will be able to fundraise through debts and equity issuing, using tokenised securities. Investors will receive these securities through Security Token Offerings (“STOs”). The process will be fully regulated, under securities commissions guidelines. It will be in North America. 3D-printing firm Kabuni Technologies Inc., based in Vancouver, has been signed as its first client. It will issue securities tokens which will then be traded on the CSE. announced Ethereum-based the first of its kind 4. Litecoin Could Be The Next Cryptocurrency To Watch Following the announcement of LitePay, a payment processing startup, being launched in 12 days, by approximately 30%, amounting to $200, the highest in three years. With a market cap of $11.1 billion, the cryptocurrency is now the fifth largest. The decision to launch LitePay was due to a lack of desire by Bitpay, the bitcoin payment service provider, to accept Litecoin. The main features of the two will be similar. However, some believe the real reason behind the launch is the (February 19th), which will create Litecoin Cash, as cryptocurrencies will be airdropped in LTC owners’ wallets. Litecoin’s price increased approaching hard fork To receive our daily news roundup in your mailbox, sign up here: http://bit.ly/BlockExNewsRoundup
