Assets

Over the past day, tokens like VeChain, PundiX and Ontology registered a 5% increase against the US dollar, as the cryptocurrency market regained and Bitcoin (BTC) displayed stability.

The Swiss bank, Maerki Baumann, has proclaimed that it will start to allow funds operations related to Cryptos like mining and getting payments for rendering services.

According to the SEC of Thailand, there has been an enormous attention to details of getting a license for operating on the country’s crypto market. At least 50 initial coin offering ventures confirmed their willingness to go legal after the Finance Ministry had introduced a draft regulating digital assets.

Switzerland has confirmed that it will have the second bank open for crypto assets. Maerki Baumann will allow the digital assets of all its customers, obtained via mining or as a means of payment for products and services.

UTRUST, the payment platform based on blockchain, has announced a partnership with tokenized charity solution AidCoin. This new integration of technologies will leverage the innovations of both tech firms, using UTRUST’s fast, easy and secure interface to make charity donations from 23 different digital assets through AidCoin’s AIDChain.

Cryptocurrency traders who are in need of a loan, but don't want to sell their cryptocurrency holdings are set to benefit from Deribit blockchain powered loan solutions. The Amsterdam based Derivatives company, who started its first forays into cryptocurrency by offering Bitcoin Futures and Options trading services, will now enable borrowers to post crypto assets as loan collaterals without the fear of a margin call.

South Korea has been swamped reviewing its cryptocurrency regulations. The regulators hope to loosen the rules on cryptocurrency assets in line with G20 famous policies. Another government agency is managing an in-situ inspection of cryptocurrency firms following several hacks and this has attempted the Bank of Korea to issue out a report with its major focus on using cryptocurrency as an alternative means of payment.

A military-grade bunker has set up its vaults in Swiss Alps to profuse cryptoasset investors, institutions and corporations in an attempt to find a more secure place to keep their digital currencies.

The government of Japan has noted that significant credit agencies will compute the users of cryptocurrencies to stop the usage of digital assets in money laundering got from illegitimate operations, just after revealing the plans to crackdown unknown cryptocurrencies such as Monero, Zcash and Dash.