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Bahrain cryptoexchange, China rating, JPMorgan stablecoins

02/28/2019
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In Bahrain, there was a cryptoexchange, operating under Sharia law. China has published another rating of cryptocurrency. The head of JPMorgan spoke about the stablecoins.

In Bahrain, the first cryptocurrency exchange entered the market

The central bank of Bahrain allowed the cryptocurrency exchange Rain to conduct trading operations. Information that another marketplace has appeared on the market usually does not attract much attention. However, this case was unique. The fact is that according to the audit conducted, Rain fully complies with Sharia law.

The Saudi Gazette edition reports that three cryptocurrencies - bitcoin, ethereum and lightcoin - now correspond to the same standards. The central bank of Bahrain only in early 2019 published the rules and regulations governing the blockchain and digital financial assets. And for their testing they launched the “regulatory sandbox”, from which the Rain exchange came out.

In Bahrain, the first cryptocurrency exchange entered the market

Another rating of cryptocurrency from China

For the tenth time the rating has been released by the Chinese Center for Information Technology Development. And this time it was not without a little sensation. For the first time Tron tokens were able to circumvent Ethereum, shifting it to second place. The accompanying document notes its high throughput and reliability in conducting transactions.

The first Bitcoin coin in terms of capitalization rose to 13th place, adding two positions. In drawing up the rating, the experts do not take into account the global demand for one or another cryptocurrency. They are not focused on manufacturability, innovative features and scope. EOS ranked first in terms of these indicators.

Another rating of cryptocurrency from China

JPM Coin will be available to the wide consumer

While JPMorgan tokens are used only for internal payments. However, there are already plans to use them for commercial transactions between credit institutions, and then they will be available to private individuals. This was told by the head of the bank, James Dimon, on the traditional “Investor Day”.

It is noteworthy that JPM Coin, among other things, is planned to be used instead of dollars in the custody of corporate financial assets. In the long run, this can have an impact on the US currency. If commercial enterprises use a fiat money substitute in their calculations, the need for dollars will fall.

How to buy stablecoins JPM Coin from JPMorgan Bank

JPM Coin will be available to the wide consumer

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