Litecoin News

Crypto Rises; Japan Passes Crypto Regulations

© Reuters.
© Reuters. – The crypto market traded in the green on Wednesday morning in Asia, with Bitcoin continuing to hover below the $8,000 level.

traded 0.32% higher at $7,914.9 by 11:17 PM ET (02:26 AM GMT).

Other major digital currencies were also higher, with up 2% to $256.19, rising 2% to $0.40249 and adding 0.4% to $91.1.

On Tuesday, Japan’s parliament passed amendments to two existing financial laws aimed at strengthening regulations on cryptocurrency trading, including margin trading. The new law also includes a change of crypto-related terminology, altering the term virtual currencies to “crypto assets.”

Meanwhile, the central bank of Laos has warned against the use, purchase or sale of digital currencies, according to local news agency Vientiane Times. Crypto transactions remain illegal in the Southeast Asian country.

Laotian regulators are concerned that anonymity of the sender and receiver in a cryptocurrency transaction increases the risk of money laundering. The warning was issued after digital tokens such as Bitcoin, Ethereum and Litecoin were advertised for sale on social media.

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.

View original post

Show More

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button