Japan is responsible for 63 percent of total bitcoin trading. It is also home to lot of companies that do ICO but rumors are brewing that Japan could be next big country to ban ICO (initial coin offering). Company launches an ICO to raise funds from the public and it is touted as the best method to raise funds from the potential investors. Japan was the first country to support bitcoin as legal tender but the country is signaling to follow a different approach for ICOs.
Anyone interested in buying Bitcoin or any other cryptocurrency might have stumbled upon dozens of similar guides. In practice, buying bitcoins can be a confusing process. There are so many questions before you can even get started: Where can you buy bitcoins? Is it legal? Is it safe? Where can you get a good price? And many more. Sounds familiar, doesn’t it?
Chinese government has released a list of whopping 60 ICOs that will be put up for investigation and monitoring. The letter issued by the government was sent to Chinese province of Fujian on September 2nd 2017 and it mentions issuing guidance to local government of Fujian. It demands report on ICOs, trading and exchange websites by September 4th 2017 which has already passed.
Purse.io has announced on their website that they will be offering its Purse.io users a way to get hold of the free bitcoin cash that created after the hard fork of bitcoin network on August 1st 2017. Since the private keys were not available for download from the purse’s wallet, users were forced to forward their funds elsewhere where they could squeeze out bitcoin cash. However, if you did not pull out your funds prior to the bitcoin’s hard fork, you will not get the bitcoin cash.
Poloniex has been in the news for all the wrong reasons – disabling litecoin wallets, Zcash wallets, Bytecoin wallets; not participating in free Stellar Lumens campaign and even updating their terms on the hard fork day. Today, they have announced that they will be crediting all users who had their bitcoin in their account balance at the time of the fork with matching BCH. This will be done on August 14th 2017 or before.
Coinbase has announced that they will be adding support for Bitcoin Cash next year. At the time of hard fork, Coinbase initially said no to the bitcoin cash since they thought that would not be safely supported on the day it was launched and that is why they released a statement where it asked users to withdraw their bitcoin from coinbase and add it to the exchange where they would get the free bitcoin cash. Now, Coinbase has sent emails to its customers telling them they have examined the relevant issues and have decided to work on adding support for bitcoin cash for Coinbase users.
Indian Finance Ministry has been informed by their internal panel to stop and discourage the use of bitcoins and other crypto currencies in India. The panel justifies this step in order to prevent people from potential frauds, drugs and stop money laundering. This very panel was formed by the Indian Finance Ministry back in April to suggest how to deal with digital currencies in India.
Okex.com is a popular Chinese exchange but there are no clear instructions on how to withdraw BTC. A lot of people deposited their bitcoin on Okex for getting the free bitcoin cash but now are unable to find a way to withdraw BTC from Olex.com. For that, follow the instructions given below.
Poloniex has updated its terms and conditions and has added multitude of references for the forks. In the section V in Risk Disclosure Statement, Poloniex has added that “Blockchain networks may go offline as a result of bugs, hard forks, or a number of other unforeseeable reasons.”In addition to that, in Section XVI, the popular crypto currency exchange says,
Cryptonator, popular multi-currency wallet portal, has announced on their website that they would not be supporting the bitcoin cash, BCC. They say that there is no intention to support Bitcoin Cash fork immediately after the 1st of August as they have serious doubts if the Bitcoin Cash will survive or not. They add they have suspicions if bitcoin cash will boast any future market value.