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At Binance, you can buy cryptocurrency using Visa and MasterCard cards, Polychain Capital on venture investment. Korean authorities extend ICO bans.
Binance Cryptocurrency Exchange made possible the direct purchase of digital financial assets for fiat money. Thanks to the collaboration with Simplex, you can now perform the operation directly from Visa and MasterCard.
The fee is 3.5%, but it cannot be less than $ 10. For cryptocurrency trading, it is considered quite high. But in some situations this can be a profitable solution. So far, only four coins are available for purchase - BTC, ETH, LTC and XRP. However, the user can exchange them for any other cryptocurrencies already on the trading floor.
The situation in the cryptocurrency markets has changed dramatically, forcing investors to change strategies. Now they do not expect to receive super-profits for a short period, and are set to implement long-term plans.
This was announced by the general director of the hedge fund Polychain Capital. His company was able to get $ 175 million from investors, of which a venture capital fund was formed. Withdrawal from it is limited to seven years. It is planned to place capital in cryptocurrency projects that are now in a difficult situation. Investors believe in the growth of tokens, but do not expect a quick market recovery.
South Korean authorities confirmed their decision to ban ICO. According to the regulator, in some projects violations of existing financial norms are clearly found. The decision to extend the ban was made after research from the Financial Supervisory Service (FSS). It sent out questionnaires to 22 companies that conducted ICO. Of these, only 13 were able to answer the questions asked.
Moreover, even those organizations that responded to the appeal of the FSS could not answer all the questions posed in detail. As a result, the Financial Services Commission (FSC) has so far decided not to remove the restriction. It was imposed in the autumn of 2017, after the adoption of a similar ban in the PRC.