Inshorts

“Hostcoin will create a seamless system to convert fiat currency into Hostcoin for all services provided.”

The Russian Minister of Finance supports the legalization of the blockchain at the state level. He called this an important step in the process of digitalization of state activities. "I support the initiative of blockchain legalization. This is one more step on the way to digitalization of state administration," Alexey Kudrin wrote in his Twitter. Despite the statement by Apla analyst Alexander Boldachev on the meaninglessness of legal regulation. Alexei Kudrin believes that distributed registry technologies can replace many functions in government organizations. On September 8, at the Moscow Financial Forum, Kudrin said that "sometime the cryptocurrencies will be legalized" in Russia.

The CyberCrimeCon 2017 International Conference of cybersecurity took place in Moscow. According to the official website of the Group-IB, the event was held on October 10 and was attended by representatives of Interpol, the National Police of the Netherlands and the heads of international companies. During the conference, several topics were touched upon, among them: trends in the development of cyber threats in the language of business and protection of the crypto industry. These topics were opened by eight speakers - representative of Interpol Noboru Nakatani, who oversees the investigation of cybercrime, and adviser to the anti-cybercrime department of the National Police of the Netherlands, Sander van der Maden.

One of the largest game industry companies Nexon bought 65.19% stake in the South Korean cryptocurrency-exchange Korbit. According to Trustnodes, the transaction value is estimated at 91.3 billion KRW (about $ 80 million). After that, the investment estimate of Korbit increased to $ 150 million, local media outlets note. Why Nexon went to this deal is not yet clear, because the company mainly specializes in online games. True, we can assume that its management is thinking about using blockchaIn-token for its products. Also note, that since 2013 this is the first transaction to take over a cryptocurrency company in South Korea.

Banks of Singapore closed accounts of about ten crypto-currency companies. According to Bloomberg, accounts of ten crypto companies are now closed in banks of Singapore. The head of the Singapore Association of Crypto-Currency and Stockbreeding Anson Ziel said that this situation is inexplicable and asked the country's authorities to intervene in the problem. The Central Bank of Singapore (MAS) said that it will not interfere with the commercial decisions of individual banks and stressed that the responsibility for setting working protocols lies with the banks themselves, which is necessary to comply with the rules of protection against fraud. Note that the crypto exchange CoinHako announced the closure of its account in DBS Bank, announcing to its customers that it suspends trading for several weeks. Accounts were closed shortly after the publication of MAS, which stated that digital tokens that differ from digital currencies can be classified as securities. 

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Lawyer Matt McKeever will soon begin to accept cryptocurrencies. According to CoinDesk, the lawyer previously asked the Nebraska State Ethics Council to accept bitcoins as payment to lawyers. The eight-member body, appointed by the State Supreme Court, said that any accepted crypto-conversions should immediately be converted into US dollars. One of the elements of this decision was the call to use wallets with several options for storing funds. Now, Matt McKeever said that his firm Copple, Rockey, McKeever & Schlecht is introducing an official policy of accepting cryptocurrency as payment. At present, it is not clear when this practice will officially start accepting cryptocurrencies.

One of the largest travel agencies in Japan, H.I.S. has started taking bitcoin-payments. As reported by Bitcoin.com, payments in some of its stores H.I.S. takes through the country's largest bitcoin-exchange Bitflyer from the end of September. The amount of the transaction for purchases is limited to the equivalent of 2 million yen. In addition, the company also offers some exclusive tourist packages dedicated to bitcoin. For example, the package "Seoul 3 days" costs 16,800 yen, and the package "Hawaii 5 days" goes to 69,800 yen during the promotion.

Representatives of the fast food chain Burger King were summoned to the Moscow prosecutor's office. As reported by CoinIdol, Burger King recently announced the launch of a new cryptocurrency - "Whoppercoin", to the prosecutor's office representatives of the fast food chain called to explain the origin of the digital currency and how it can be used. According to the representative of Burger King, prosecutors reminded that only operations in rubles operate in Russia, and asked the first to write an official statement that the company did not conduct a mass production of "Whoppercoins". However, the senior legal counsel of Burger King in Russia, Nino Tsiklauri, is confident that they have not violated the law, since the concept of "cryptocurrency" is not yet defined in Russian legislation. In addition, Burger King announced that they now offer their own cryptocurrency, launched on the Waves blockchain platform, in August 2017. Every visitor to Burger King who bought a “Whopper” hamburger can get Whoppercoin, after which he will have to send a photo of the check with the paid order and the address of his cryptocurrency purse for enrolling Whoppercoins.

European Central Bank has no power to regulate cryptocurrencies. It was claimed by Mario Draghi, ECB President, during Hearing of the Committee on Economic and Monetary Affairs of the European Parliament. It was ECB Chıef’s comment ın reply to the Committee members’ question about intentions to issue a regulatory document on accepting or banning cryptocurrencies. According to his words, they are tryıng to assess the cryptocurrency ımpact on economy of EU.

Disclaimer. These videos are brought to you by CoinIdol.com in partnership with Koles Coin News Channel. This information is provided by a third-party source and should not be viewed as an endorsement by CoinIdol. Readers should do their own research before investing funds in any company.