Video Digest, May 3: Japanese Authorities Against Several Altcoins, UNICEF Australia to Raise Funds for Charity by Mining Monero, UK Traders Ask for Regulations on Crypto Market, Warren Buffett Compares BTC to Gambling

May 03, 2018 at 11:38 // News
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Coin Idol

Coin Idol TV News channel broadcasting a new video digest on May 3. Today in our digest: Japanese Authorities Asked Crypto Exchanges to De-list Several Altcoins, UNICEF Australia to Raise Funds for Charity by Mining Monero, UK Traders Ask  for Regulations on Crypto Market, Warren Buffett - A Long-standing Bitcoin Skeptic

Japanese Authorities Asked Crypto Exchanges to De-list Altcoins Like Monero, Dash and Zcash

Japan's Financial Services Agency has allegedly strengthened its position towards domestic cryptocurrency exchanges. The financial institution wants them to remove from the trading list altcoins which give, as they state, an opportunity to conduct anonymous transactions, facilitate illegal activity, and enhance money laundering.  The Japanese Financial Services Agency is looking at the possibility to de-list a number of anonymous altcoins, especially Monero, Dash, and Zcash from local digital currency trading platforms.

The government agency regulating country’s financial market claims that such crypto coins are too easy to use for criminal purposes as they are more difficult to track than block chain-based bitcoin.

UNICEF Australia Helps to Raise Funds for Charity by Mining Cryptocurrency

The United Nations Children's Fund Australia has set up a website that uses user’s computer power for mining the digital currency called Monero. All raised funds are going to be spent for the necessary products for vulnerable children around the world.  On April 30, the charity organization revealed a website called The Hope Page for in-browser cryptocurrency mining, which sends all earned money to children. 

UK Traders Ask the Government to Put Regulations on Cryptocurrency Market

British crypto traders are dissatisfied with the current situation on the financial market. They asked the government and the Financial Conduct Authority to enact tougher rules for the trade of virtual coins and to certify crypto exchanges that show compliance. Crypto UK, the first self-regulatory trade association for the country’s crypto market, has expressed an intention to make digital currency trading a legitimate process regulated by the Financial Conduct Authority.

Warren Buffett - A Long-standing Bitcoin Skeptic

Warren Buffett, one of the world’s most swayful investors remains in suspense about the advantages of trading bitcoin and other cryptocurrencies. He declared that the act of trading bitcoin “is not investing” and compares it to gambling. He also rejected to bet against the virtual currency market by saying that “Why in the world should I take a long or short position of something I don’t know anything about?”