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FSA and Rakuten, FATF recommendations, tokensale Binance

03/26/2019
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The FSA is preparing to increase the number of cryptocurrency exchanges in Japan, the FATF has published the first recommendations. Binance Launchpad changes the rules of the initial placement.

The number of cryptocurrency exchanges in Japan may increase to 35

Now only 16 trading platforms in Japan operate under a valid license from the FSA. According to the regulator, another 19 companies plan to launch their platforms in the near future. And the total number of organizations wishing to join this work has exceeded 190 pieces.

Among those who can get a license in the coming months, there are quite large players. Thus, the country's largest online store Rakuten last summer bought Everybody's Bitcoin cryptocurrency exchange for $ 2.4 million. Previously, it worked under a temporary license. Now the giant plans to get a permanent permit from the FSA and rename the site to Rakuten Payment.

The number of cryptocurrency exchanges in Japan may increase to 35

FATF recommendations on cryptocurrency market regulation

The G-20 countries decided to empower the International Group against Money Laundering (FATF) to develop common rules on the cryptocurrency market. Until mid-2019, the organization must submit a finished document.

But now the FATF has released a collection of recommendations that should help the authorities to create uniform standards. Among all the articles of this document, we can single out a clause on monitoring the actions of payment systems and trading platforms. The document states that they are required to store and provide accurate information about the sender of the transfer. This is in principle contrary to the concept of cryptocurrency anonymity, but it is precisely such recommendations that can be accepted by the authorities of different countries.

FATF recommendations on cryptocurrency market regulation

Binance changes the rules for the sale of tokens on primary placement

In the near future, the Binance platform will radically change the sales technology on its Launchpad platform. Previously, the placement of tokens took place according to the order of application, which led to serious conflicts and caused discontent. Due to significant customer interest, the system simply cannot handle the load.

Now the lottery principle will work here. A day before the placement of tokens, potential buyers will be able to purchase "tickets". And at the time of the sale will be an open "drawing of lottery". Its winners will be able to buy company tokens. Each participant will be able to purchase no more than 5 tickets. And if several of them win, he will be able to increase the purchase volume of tokens.

Confusion with the placement of Celer Network tokens

Binance changes the rules for the sale of tokens on primary placement

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