Both of these crypto advanced countries decided to share their experience on how to regulate the blockchain industry.
The Minister of Finance of Switzerland, Ueli Maurer and the Secretary of State for International Financial Matters Joerg Gasser, reportedly visited Israel and requested access to the local markets for the Swiss banks.
Gasser said that by the end of 2018 he is working on a plan to create a way to regulate the blockchain technology for the Israeli officials that would also give broad recommendations. He also hopes that these plans will be approved by the Israeli officials in 2019. There is still no information from the Israeli officials. The Ministry of Finance also said that both of these countries agreed to share some notes on fintech regulation and some guidelines on preventing crypto money laundering.
Israel is working on a number of projects that use the blockchain technology. An international tax attorney reviewed local blockchain initiatives as open government platforms for future elections and also a possibility for a future national cryptocurrency. On the other hand, Switzerland is working on further legislation to integrate blockchain projects in everyday life. The country also opened its first Crypto Valley where many different blockchain ideas and solutions are developing constantly.
Switzerland also promotes blockchain startups. There was the first bank in the country opened to provide accounts for business companies. A lot of Swiss banks also opened up their businesses to crypto-related companies since. In July, the first blockchain-based voting was held in Zug to evaluate whether this technology can be used for other ways of governance.
Binance Plans To Expand To Eight New Countries But Declines To Confirm Six Of Them
The $400bn Tencent And Its Plans To Acquire Two Major Bitcoin Exchanges
Bitcoin Could Soon Fall To $2,400 And Wall Street Could Buy The Dip
"We believe this thesis still remains intact which could mean seeing a break of the lows in the coming weeks. A 25% selloff in BTC from the current lows of $3,200 would be to roughly $2,400."He also shared that the next sell-off could be just what the crypto market needs in order to finally break the backs of the bears and reach a new bull momentum in 2019.
Bitcoin ATM Operator Coinme To Start Selling BTC At Coinstar Counting Machines
“Bitcoin is now accessible at your local grocery store via Coinstar kiosks, and this offering will make it even easier for consumers to participate in this dynamic new economy.”Coinstar, on the other hand, offers coin-to-cash conversion in their kiosks in multiple countries around the world but it still remains unknown whether the Bitcoin feature will expand just as quickly as it did in the US. Coinstar’s CEO Jim Gaherty noted: Coinstar offers coin-to-cash conversion kiosks in various countries throughout the world. It remains unknown whether the Bitcoin feature will expand beyond the U.S., while the company did not provide figures on how many machines will offer it.
“Coinstar is always looking for new ways to offer value to our consumers when they visit our kiosks.’’According to CoinATMRadar industry monitoring resource, there are more than 4187 Bitcoin ATMs worldwide and more than 60 percent or 2516 are in the United States. The market has grown plenty over the years and many operators are trying to get control of what they think to become a fairly popular trend for crypto usage.
Join us on Facebook
- Binance Plans To Expand To Eight New Countries But Declines To Confirm Six Of Them
- Deloitte Features Blockchain In Its Annual Tech Trends Report
- Crypto Payments Platform CoinGate Begins Its Lighting Network Trial With Litecoin (LTC)
- The $400bn Tencent And Its Plans To Acquire Two Major Bitcoin Exchanges
- Bitcoin Could Soon Fall To $2,400 And Wall Street Could Buy The Dip
UPCOMING EVENTS RECOMMEND BY DC FORECASTS
Ethereum News4 days ago
Coinbase And Kraken Officially Supporting ETH’s Constantinople Hard Fork
Altcoin News5 days ago
Major Swiss Bank Launches A Crypto Custody Solution Targeting Banks & Asset Managers
Bitcoin Scams4 days ago
New Torrent Malware Posing As Movie File Can Replace BTC & ETH Addresses: Researcher
Altcoin News2 days ago
Market Sees Red, Losing $1 Billion Overnight While Bitcoin Remains At $3,600
Bitcoin News4 days ago
American Businessman Still Missing After $950,000 In BTC Ransom Paid
Altcoin News2 days ago
Crypto Analysts: 2019 May Be A Year Of Bitcoin Accumulation
Blockchain News4 days ago
The Revenue Agency Of Bulgaria Will Investigate Crypto-Selling Companies
Blockchain News1 day ago
$1 Billion In Transactions Reported For 2018 By BitPay