Coinidol Weekly Digest: Petro Banned in US, Snowden Revealed a Secret Document, Binance Moving to Malta

Mar 26, 2018 at 15:40 // News
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Coin Idol

CoinIdol.com World Cryptocurrency and Blockchain news outlet is proud to announce the launch of our video news channel. Today we are going to recall the most interesting news from the world of financial technology and digital currency.

Venezuelan Cryptocurrency Petro Banned in United States

On March 20, the White House released a new crypto currency trading ban, signed by the President of the United States, Donald Trump, on the Venezuelan state-issued digital currency, the Petro.

According to the new regulation, United States citizens are prohibited from buying the Petro coin from not only Venezuela’s government but any agency, investors, or crypto currency exchange offering the Petro coin on the crypto currency market.

Snowden Revealed a Secret Document Showing How NSA Tracked Bitcoin Users

Edward Snowden, former Central Intelligence Agency (CIA) employee, has put National Security Agency  documentation at the disposal of online news organization. The Intercept displaying a secret program that was set to spy on Bitcoin trading on the crypto currency market.

This information that can drastically influence the financial market. The top-secret documents, obtained from world-famous whistleblower Edward Snowden, prove that the NSA has been monitoring Bitcoin trading transactions and their performers.

One of the Largest Crypto currency Exchange Moving to Malta

The Japanese Financial Services Agency has requested Binance, the largest exchange on the digital currency market, to end its activity in Japan. The government authority claims the company is illegal because it has no authority registration.

The latest reports state that Binance has chosen a new country. It is now planning to open an office in Malta and start a “fiat-to-crypto exchange” on the European island nation.

New Task Force in the UK Will Study Framework for Potential Cryptocurrency Regulations

A new Crypto assets Task Force was set up by the Treasury, Bank of England, and Financial Conduct Authority to explore the risks of crypto assets, the benefits of this technology, and its influence.

In a push towards regulation, the Cryptoassets Task Force will decide how the authorities will deal with crypto currencies in the Fintech industry. Regarding the recent volatility of the crypto currency market, investors are at risk.

Huawei is Planning to Design a Smartphone Able to Run Blockchain Apps

China’s largest technology company is thinking about building a brand-new mobile phone which will be able to work with applications based on Blockchain technology. According to Bloomberg, the company has been in talks, trying to get a license for a new operating system.