Crypto news | South Korean crypto regulations

We’ll begin our today’s news review with new South Korean crypto regulations. Finance regulators in South Korea would like to cooperate with authorities in Japan and China on creating new rules for trading cryptocurrencies. According to the latest information, the representatives from the Korean Financial Services had a meeting with their counterparts from these two countries where they discussed new ideas. Some regulatory bodies have already begun inspecting banks that use cryptocurrencies in order to see if they comply with anti-money laundering regulation. We all know that South Korea is a very important market when it comes to cryptocurrencies, so new South Korean crypto regulations are something you should definitely keep your eye on.

Besides that, we bring you some news on Ethereum. For the first time ever the Ethereum’s price jumped to more than $1,375 and this cryptocurrency has now reclaimed its place at the second largest blockchain by total value. However, some experts think that this price isn’t real and that it masks some of the cryptocurrency’s technical problems, and most of them emphasize the cost of transactions as the main issue this cryptocurrency has.

As for the new cryptocurrencies, there’s a list of companies that are about to launch their own coins. Kodak is one of the first companies that has already launched its KodakCoin. This cryptocurrency is designed for photographers – it should be a photo-centric cryptocurrency that should enable photographers and agencies to take full control over image rights management. With blockchain technology Kodak tends to create a platform where photographers can register new and archive work. The idea is that photographers could sell their work confidently on a secure blockchain platform. Consequently, Kodak’s stock jumped and its stock price is now $5.02.

As you can see, cryptocurrencies are expanding with each passing day, so make sure you visit our website regularly for all the latest information. See you again tomorrow!

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Author: Max Rothstein

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