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Diar report, Coinone platform, FATF report on Britain

12/12/2018
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  • Stablecoin_cryptocurrencies
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Diar's cryptocurrency study, Coinone cross-border payment application. FATF report on the UK cryptocurrency market.

The turnover of stablecoin increased 10 times

According to the research company Diar, the turnover of the most popular cryptocoin with a fixed rate increased by 1032%. The popularity of such assets is associated not only with the fall in the rate of classic cryptocurrencies. Perhaps there is just an inverse relationship. With the decline of Bitcoin, many investors are paying increased attention to UDSC, TUSD, PAX and GUSD.

Since the transaction does not cause technical difficulties, such actions cause a chain reaction. As a result, the turnover of the stablebcoins, excluding the most popular UDSC, rose to $ 5 billion in November. A month before that, the total turnover did not exceed $ 2.3 billion.

Why stablecoins are so popular?

The turnover of steyblecoin increased 10 times

Coinone and Ripple xCurrent

Coinone Cryptocurrency Exchange from South Korea is launching an application for money transfer. Thanks to the Coinone Transfer product, it will be possible to conduct financial settlements between counterparties from the Asian region. The fact is that in some countries it is actually not possible to make a transfer in cryptocurrency due to the lack of banking services.

Cross-border transfers are made within a few seconds and with a minimum commission. This was made possible by the use of the Ripple xCurrent platform. Coinone partners in this project were the Siamese Commercial Bank and the financial organization Cebuana Lhuillier.

Coinone and Ripple xCurrent

FATF report on cryptocurrency exchanges of Great Britain

The International Anti-Money Laundering Group has published a report on the state of cryptocurrency areas in the UK. It emphasizes that trading platforms carry small risks in the area of ​​criminal use.

The report says that the authorities have done quite a lot to legalize the turnover of the cryptocurrency market, and the British are not at significant risk when trading this asset. At the same time, there is a potential danger of criminal influence on some exchange and sale operations. Therefore, the FATF recommends the development of a strategic plan for crisis prevention. And create an action plan for the further legalization of the cryptocurrency market.

FATF report on cryptocurrency exchanges of Great Britain

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