Despite the ongoing bear market, Huobi’s crypto asset trading service, Huobi Derivative Market (Huobi DM), recently saw its trading volume soar past USD $20 billion. The milestone came a mere 15 days after Huobi DM racked up its first USD $10 billion in trading volume in its first full month of operation. Based on the Huobi DM team’s internal customer research, many users are particularly drawn to the fact that the platform’s robust design and features have resulted in zero clawbacks so far.

“We’re pleased with the strong response. This reinforces our belief that Huobi DM truly caters to our user’s needs. We’ve been getting positive feedback from our clients on our lack of clawbacks as well as Huobi DM’s capacity to help sophisticated traders manage the risk of spot market fluctuations. I believe this explains our platform’s explosive growth, even in the midst of the ongoing bear market,” said Livio Weng, CEO of Huobi Global.

Huobi DM’s crypto asset contract trading service allows users the ability to take long and short positions on Bitcoin (BTC), Ethereum (ETH), and EOS (EOS), providing options for arbitrage, speculation, and hedging that were not previously widely available in crypto trading. While similar services exist elsewhere, Huobi DM sets itself apart via a number of design features and policies, including:

  • Superior risk management: including Price Limit, Order Limit, and Position Limit
  • Superior risk control: with a sophisticated price limit mechanism, no claw back has occurred since its launch
  • Real-time risk supervision: constantly monitor contract prices, index prices, abnormal transactions, and positions
  • User protections: In addition to a 20,000 BTC Huobi Security Fund to protect users against catastrophic security failures, Huobi also has a dedicated Risk Management Insurance Fund for each trading pair against unfilled liquidation order losses. Funding for the insurance funds recently increased to 68.5 BTC, 689.9 ETH, 41,387.6 EOS

A timeline of Huobi DM’s growth:

  • November 21: Huobi DM launches in beta mode with BTC contract trading
  • December 5: Huobi DM launches ETH contract trading
  • December 10: Huobi DM exits beta mode and is integrated with Huobi Global, Huobi’s flagship cryptocurrency exchange. Huobi DM’s daily trading volume reaches USD $195 million for the first time
  • December 25: Huobi DM’s 24-hour trading volume breaks through USD $1 billion for the first time
  • December 28: Huobi DM launches EOS contract trading and reaches USD $10 billion in cumulative trading volume
  • December 31: Huobi DM’s first month cumulative trading volume reaches USD $12 billion
  • January 12: Huobi DM’s total cumulative trading volume breaks through USD $20 billion

Disclaimers: Digital assets are innovative trading products, and prices fluctuate greatly. Please rationally judge your trading ability and make decisions prudently. Please note that users must clear the requisite KYC checks and assessments prior to commencing usage of Huobi DM. Huobi DM is not available to users from the United States of America, Singapore, Israel, Iraq, Hong Kong (China), Cuba, Iran, North Korea, Sudan, Malaysia, Syria, Samoa Eastern, Puerto Rico, Guam, Bangladesh, Ecuador, and Kyrgyzstan.

For more information on Huobi DM, please visit

About Huobi Group:

Consisting of ten upstream and downstream enterprises, Huobi Group is the world’s leading blockchain company. Established in 2013, Huobi Group’s accumulative turnover exceeds US $1 trillion. It proudly provides safe, secure, and convenient cryptocurrency trading and asset management services to millions of users in 130+ countries. For more info, please visit

*This post is credited to PRNewsWire

During the last interview with CNBC Tony Fernandes, CEO of AirAsia, announced about the launching of a New FinTech Platform called Crypto Revolt. It can give established players in the region a run for their money, and also to set leading position. But the main aim of the project is to generate source of income to afeguard the financial іnterests of all Malaysian residents in general.

“We are now in big digital adventure, which we think will add a lot to our bottomline.Crypto Revolt is a part of AirAsia’s strategy to develop new businesses that can generate additional income for the company and people of Malaysia in general. This will help ordinary people to become more financially independent than before” – Tony Fernandes said. But how does it works?

This new trading system is build as a very safe and effective system. The system is supported by the government thus all its users are financially protected and all their deposits are safe. “Malaysia as a country needs better connectivity to continue trend of development and for this platform to reach its full potential. Adding a new opportunites with Crypto Revolt, especially at this stage and with an experienced invesrors, is a much needed and welcomed move. This new platform will bring more and better choices to our people in the years to come. Every Malaysian resident is welcome to join the platform and start earning money. Thus, it will bring financial freedom back to people of Malaysia ,” Tony Fernandes said.


“A user should simply make an initial $250 deposit to purchase a position in Crypto Revolt platform. Then, the automated trading algorithm is ready to go” — Tony Fernandes explained.

Tony Fernandes speaking about his platform.

The Malaysian entrepreneurs were very skeptical about the platform which is driven by an automated algorithm, as well as the intent to make money by charging a small commission on only the profits a user generates. They asked Tony Fernandes for a real time test of the platform to make sure it is possible to earn money with the help of Crypto Revolt.

Goh Peng Ooi, one of MALAYSIA’S 50 RICHEST PEOPLE according to Forbes, decided to test the platform and deposit $250 right at the Blockchain conference – UTAR iCGPA.

Goh Peng Ooi is buying his bitcoin with the help of Crypto Revolt

“I think it is working. Other platforms like this will appear soon, I am sure, because entrepreneurs would benefit from it. So will ordinary people. In the meantime the bitcoin industry is growing big. I know people who made fortunes out of Bitcoin and I personally just earnt money a few hours ago using Fernandes`s Crypto Revolt. I know he is in big trouble and I want to support him, because he is doing really admirable things! I appreciate his invention of bitcoin earning algorithm, this could help everyone.” – Goh Peng Ooi said.


Tech and finance enthusiast Tony Fernandes has always been interested in blockchain and crypto technologies. In April 2018, he gave a few interviews to the Western medias when the project was on a beta-phase development. He told media that he believes in the long term viability of cryptocurrency. He admits that many rich Malaysians would like to dip their toes into this new technology.

Having learned about Crypto Revolt, many are turning to Bitcoin as their new asset class. It is perceived as the digital gold or gold 2.0 and deemed as the new haven of the digital world. The Bull Run in 2017 where the value grew from $1000 to a staggering $20.000 has not gone unnoticed.

More and more Malaysian businesses became very eager to invest in bitcoin

“Unlike bank networks which use private ledgers, there is no guarantee that the originator actually owns the underlying assets. Crypto Revolt guarantees with mathematical certainty that the originator of the transfer owns the underlying assets. Conventional banks operate using fractional reserve is prohibited in Malaysia.” Vincent Tan, Malaysian businessman and investor.

Vincent Tan speaking about his experience with Crypto Revolt

So what do we know about the platform?

The platform charges a commission of 2% on profits a user generates and you need to make a minimum deposit of $250 to get started. That money will be your initial investment, which the trading software uses to trade.

I decided to sign up for an account with Crypto Revolt I made the initial deposit $250 and set up my account.


The platform took 20 hours to generate a $80.19 profit, which already impressed me a lot! I’ve never purchased Bitcoin before and never made a trade in my life, yet here I was able to generate profits.

I spent about 5 minutes a day checking my results and after 5 days, the platform had traded up to a massive total of $630. That is a 257% increase in my initial deposit. I was starting to become a true believer in this platform.

After 7 Days my initial investment had traded up to $1,930. At this point, my mind was racing with possibilities of all the things I could spend that money on. This is more money than I made at work for the week and I spent less than 30 minutes checking the platform.

I decided to keep my account active for 15 days in total, because I wanted to see how high it could go. My account eventually hit a peak of $7,380.10, but had a negative -$79.51 trade. I looked through my trading logs and discovered that not every trade is profitable, some actually lose money.

The platform isn’t magic, but after 70% of my trades were profitable, the net result was I made $7,300.59 from my initial deposit of $250. It took me less than 30 minutes of work a week and absolutely no technical or investing experience.

As you can see from the screenshot below, I decided to used the ‘withdraw funds’ function to withdraw $7,300.59 from my account.

All in all, I was able to make $7,300.59 from using Crypto Revolt. I decided to pull my money out to pay for an overseas holiday. When I get back, with the money I’ve got left over from my holiday, I will definitely reinvest in Crypto Revolt. I may even quit my job!


Crypto Revolt is allowing our readers to try the platform for a minimum deposit of just $250. Given the massive increase in popularity of the trading platform, this initial minimum deposit may increase!

It is important that you sign up for Crypto Revolt immediately, as we do not know how many places will be available.

You can fund your account via credit card or a bank transfer.

*This post is credited to Talking Today Club

Thailand is rapidly becoming one of the most crypto friendly nations in Southeast Asia despite still being in the grips of a military dictatorship. The Stock Exchange of Thailand (SET) has plans to apply for a digital license which will enable it to operate a cryptocurrency exchange.

Thai Bourse Eyes Crypto

The SET is keen to get on the growing trend of digital asset trading which is extremely popular in the region. According to Pattera Dilokrungthirapop, the chairwoman of the Association of Securities Companies and vice-chairwoman of the SET’s board of governors, the bourse plans to apply to become brokers and dealers for digital asset trading.

If the application is successfully Thailand’s stock exchange will become one of the first in the world to setup a separate crypto exchange according to the Bangkok Post. It is already a step ahead of other exchanges in the Kingdom as it has large capital and long established trust among investors.

The Finance Ministry is the authority for digital license issuance in the country while the SEC is the primary regulator.  The SET is not alone as the number of firms with an interest in setting up digital asset operations is growing.

“Securities firms are currently waiting for the SET to apply for a license. For us, digital assets are expected to grow in the future as investors gain more understanding of this asset class,” added Pattera.

Bitkub Group, one of Thailand’s first officially approved crypto exchanges, has shown interest in partnering with the bourse on its upcoming digital asset exchange. The SEC recently granted digital asset business licenses to four crypto exchanges while two remained pending and one was rejected.

Rejected Exchange Aims to Reapply

In a related development one of those exchanges, Coin Asset Co, has plans to reapply for its license as assets on the platform took a nosedive following recent SEC rejection. Failing to meet SEC standards was cited as the reason for the failure to approve the license. This has spooked investors according to the Post leading to a dump of JFin coin, Thailand’s first ICO.

Coin Asset chief executive Sivanus Yamdee said “We are seeking a way to keep our digital asset exchange operating as the business cycle is moving towards a peak,” however the processing time for reapplication is four months.

Unlike in the US, regulators in the kingdom are on the right track and the SET showing an interest will be a huge boost for the crypto industry in the region.

*This post is credited to NewsBTC

Russia is reportedly planning to replace the U.S. dollar with Bitcoin as its reserve currency in a bid to limit the impact of US sanctions imposed on the country.

Last week, the cryptocurrency news site Micky quoted a Russian economist with ties to the Russian government as saying that U.S. sanctions on the country are forcing Russia and certain oligarchs to “dump U.S. assets and U.S. dollars and invest hugely” in Bitcoin.

Vladislav Ginko, an economist at the Russian Presidential Academy of National Economy and Public Administration, a state-funded institution, said the transition from dollars to Bitcoin could begin in February. “I believe that [the time] is coming when other countries will start doing that and Russia has a brilliant chance to invest into heavily oversold Bitcoin,” Ginko said.

Congress has imposed sanctions on Russia following the assertion of US intelligence agencies determined that the country interfered with the 2016 Presidential election and again in the wake of the poisoning of former Russian military officer Sergei Skripal.

Russian President Vladimir Putin has expressed interest in Bitcoin, saying last June that the cryptocurrency “has its place in the world.” A report in the Telegraph said that from dollars to Bitcoin may involve an intermediary cryptocurrency, likely a token created by a Russian bank, before Russia could buy Bitcoin through a crypto exchange.

On Monday, Mickey also reported “a large and unusual increase” in the volume of OTC Bitcoin purchases placed by Russian nationals, indicating further interest in Bitcoin inside Russia. Bitcoin was trading at $3,649.78 late Monday, up 4% in the previous day.

*This post is credited to Fortune

Despite a plethora of sometimes unclear regulations and restrictions, large businesses and banks in India are still embracing cryptocurrency — or at least some of the technology that underpins it — as a more reliable way to reconcile accounts, make payments, keep proper records, and manage internal funds. According to a report in the India Times, a number of Indian corporations are currently trialing blockchain technology as a means of record keeping.

Top Firms in India Eye Blockchain for Payments

Despite the traditionally hostile stance of the Reserve Bank of India on cryptocurrency exchange activities and its recent announcement that it will not be launching the mooted “Digital Rupee,” cryptocurrencies still appear to have a future in India. In the light of revelations that a lack of proper record keeping contributed to the IL&FS takeover, more large businesses are apparently willing to explore alternatives which will ensure that all financial records and contracts are properly documented.

Using blockchain technology for record-keeping practically removes the possibility of discrepancies, and it is this security functionality that makes it especially useful for large corporations with multi-level data flow. While still in it’s testing stage, sources quoted by the India Times say that the results look promising. According to them, if final results are impressive, the corporations involved have plans to scale up the whole process to cover wider areas.

unilever blockchain india
Hindustan Unilever is one of a variety of large conglomerates in India that are exploring blockchain technology for B2B payments.

Some of the big names reportedly making such moves include Hindustan Unilever, ABG Shipyard, HDFC Bank, and Reliance Industries. Right now, several pilot tests are running which use DLT strictly as a record keeping tool with hopes of balancing the books either at the end of the quarter or at the year’s end. Although there is no publicized timeline yet for the testing and proposed scale-up, stakeholders expect that blockchain technology will have a big future in the Indian corporate space.

Speaking to the India Times, Sai Venkateshwaran, a Partner and Head of CFO Advisory at KPMG India, said:

Apart from greater efficiency and accuracy, [blockchain technology] has the potential to bring enhanced levels of transparency for group treasury management and also cost savings.

Crypto Refuses to Go Away

Significant restrictions by the Reserve Bank of India (RBI) may yet prove to be a challenge for such nascent implementations, but many experts are of the opinion that these restrictions can be circumvented if corporations keep transactions strictly in house. In addition to high levels of cryptocurrency fraud taking place in India, regulatory concern also falls on the space because of perceived problems with taxation and accounting compliance.

Despite this, according to the report, corporate stakeholders remain convinced that getting regulators on their side in an economy projected to surpass the US by 2030 is only a matter of time.

*This post is credited to CCN

The crypto exchange of Bittrex has joined the ranks of platforms offering an OTC (Over the Counter) trading desk to cater for growing demand from its clients. Bittrex’s new service will be available to approved investors who will access quick and convenient trading of cryptocurrencies. Majority of the trades the OTC desk will cater for, will be valued at $250,000 or more.

The new service will support the nearly 200 cryptocurrencies that are already being traded on the regular Bittrex platform. The OTC desk went live yesterday, Monday 15th January, at 6pm UTC. Bill Shihara, CEO of Bittrex, was optimistic about the availability of the new trading option for their clients.

We’re excited to offer this new, game-changing trading option for our customers.

With one of the most extensive selections of digital assets of any OTC desk available, this offering will be another way for Bittrex to further advance adoption of blockchain technology worldwide, while also providing our customers with price certainty and a fast and easy way to trade large blocks of digital assets

The new OTC desk will accept deposits in both digital assets and USD wire transfers from the aforementioned qualified customers. More details on the OTC desk can be found here.

How OTC Trading Desks Work

Over the counter trading desks are particularly catered for investors wanting to purchase assets in large amounts. Such large trades on major exchanges are certain to cause a sudden price increment. Investors are then left with the option of making smaller transactions over a period of time. OTCs avoid such issues and the customer gets an upfront quote from the corresponding exchange service thus making the process more efficient for both parties.

Other Major Exchanges with OTC Desks

Coinbase quietly launched its OTC desk late November last year. The exchange quoted demand by institutional investors as the chief reason why they decided to open the service. Other firms that have opened OTC trading desks are Circle, itBit, Kenetic Capital, Genesis Trading and SFOX.

Billions in Trade Handled By OTC Desks

The OTC desks have been shown to handle billions worth of Bitcoin and other cryptocurrencies on an annual basis. One good example is Circle that handled over $24 Billion in crypto trading through its OTC desk last year. The exchange executed over 10,000 trades with over 600 distinct counter-parties.

*This post is credited to Ethereum World News

Almost US$1 billion (around SG$1.35 billion) in cryptocurrency assets was swiped by hackers in 2018. According to blockchain security firm CipherTrace, last year’s crypto losses of approximately US$927 million (around SG$1.2 billion) were 3.5 times higher than the levels seen in 2017, which came to US$266 million (around SG$359.6 million). The most significant theft was reported by Japanese exchange Coincheck, which lost US$530 million-worth (around SG$716.5 million) of cryptos.

Cryptocurrency custodians and exchanges are sitting ducks against sophisticated, professional cyber thieves as many lack sufficient levels of defence and risk transfer for crypto-related trading operations. That can largely be attributed to a lack of understanding of the risks involved in crypto-trading, as well as a dearth of capacity in the crypto insurance and risk management space.

However, as more and more financial services establishments enter the cryptocurrency arena, the insurance industry has reacted by establishing full-service insurance products that can protect crypto assets. One company leading the way in this growing insurance market is BlockRe, which claims to be the first company in the world to focus solely on providing insurance for holders of cryptoassets and users of blockchain systems.

“There are more than 1,500 exchanges for cryptocurrencies around the world, and many of them do not have the necessary insurance coverages or risk management procedures in place that customers, especially institutional customers, would like to see,” said BlockRe president and COO, Raymond Zenkich. “The need for more insurance solutions for cryptocurrency custodians, exchanges, or any digital asset related institution is very real. As it develops, the crypto-market’s insurance needs would be very similar to what you see with other financial products. A number of infrastructure components are needed, including the primary and secondary markets, the investors, the regulation, the infrastructure and the insurance. Most of those components are reasonably well-developed in the crypto space … apart from insurance.

“Big brokerages are providing some very large cryptocurrency insurance coverages, with huge sets of layers and reinsurance backing. While those products are great, we would argue the underwriting isn’t terribly complex for a number of reasons. The companies they’re insuring have been in the crypto space for a number of years, they have large security teams and good cyber hygiene, so the risks aren’t too great. In contrast, the rest of the market – approximately $500 million of limit and under – is massively underserved, and the biggest reason for that is the dearth of capacity in the marketplace. There’s only a handful of markets underwriting in this space, and many of them lack the underwriting expertise to transfer the risks appropriately.”

Key exposures in the cryptoasset space include: the loss or theft of private keys, cyber crime (hacks), errors and omissions, and kidnap and ransom. BlockRe assists firms by providing a full audit of crypto-related trading operations, risks, processes, procedures and the greatest areas of risk, and translating that information so that insurance brokers, wholesalers and carriers can begin to assess and price the risks appropriately. The pioneering firm is also focused on educating the insurance industry and the end-clients about the risk transfer products available in the insurance marketplace.

“Awareness of the risks associated with how cryptoassets are being held, and with whom, is increasing,” Zenkich told Insurance Business. “People are very familiar with FDIC and SIPC type protections, and they are surprised to learn that these protections do not extend to the largely unregulated world of crypto assets such as cryptocurrency exchanges and wallet providers. Without insurance or risk mitigation programs in place, the risk of never again seeing crypto assets that were lost or stolen is unfortunately very real. Just ask customers of Mt. Gox. It’s increasingly important for insurance brokers to get that message across to their crypto clients, especially institutional clients.”

*This post is credited to Insurance Business

The three most prevalent threats plaguing the internet have been found to be cryptocurrency miners.

In its latest analysis of the internet’s most pressing malware hazards, cybersecurity group Check Point ranked the supposedly neutral Monero-mining script CoinHive in first place – for the thirteenth month in a row, reports ZDNet.

Open-source Monero-mining software XMRig was named the second most prevalent, followed by browser-embeddable cryptocurrency miner JSECoin, known as a direct competitor of CoinHive.

Check Point analysts noted CoinHive for impacting 12 percent of organizations worldwide, while XMRig and JSECoin were found reaching 8 and 7 percent respectively.

CoinHive and JSECoin generally work in the same way. They are small pieces of code which can be placed inside websites that use the computing power of the visitor to mine cryptocurrency.

In the case of CoinHive, it mines the anonymity-focused cryptocurrency Monero. While many non-profit organizations have employed CoinHive to convert vistors’ computing power into charitable donatons, hackers have used it to force more than 400,000 routers around the world to mine Monero surreptitiously.

Indeed, cryptojacking with CoinHive is so lucrative that at one point last year, academics from Germany’s RWTH Aachen University determined the script was directly responsible for generating $250,000 every single month.

The XMRig “malware” is a little bit different. It’s actually stock-standard software utilized by the Monero community, publicly available on GitHub.

But cyberbaddies have exploited its accessibility. Researchers found a startling number of “droppers,” which are special Trojan horse viruses, were automatically downloading XMRig to be run on machines while the user was unaware.

This led to GitHub being named specifically as the number one site for hosting cryptocurrency mining malware, with current estimates suggesting cryptojackers have earned roughly $1.2 million per month over the past four years.

*This post is credited to TNW

Cryptocurrency stealing software continues to be the most commonly distributed form of malware, according to a top ten list of the most prominent malware threats detected by security company Check Point.

Coinhive continues to be the most prominently distributed malware and it’s followed by XMRig — both of these cryptojackers secretly use the victim’s computer to mine for Monero, with the profits directed into the crypocurrency wallet of the attacker.

They’re followed by Jsecoin, a JavaScript miner that can be embedded into websites and runs directly in the browser, then Cryptoloot — a direct competitor to Coinhive. Cryptoloot was second only to Coinhive during November, but its distribution has now dropped slightly.

Familiar threats like the Emotet and Ramnit banking Trojans make up much of the remainder of the ‘Most Wanted’ malware list — but a new entry has rocketed up the rankings into ninth place and marks the first time a second-stage malware downloader has entered the top ten.

Smoke Loader has been active since 2011 and its primary focus is to act as a second-stage downloader for other malware — mostly in the form of Trojans, such as Trickbot, AZORult Infostealer and Panda Banker.

Smoke Loader enters the top ten for the first time following a wave of activity during December — particularly in Ukraine and Japan — and suggests that more destructive, damaging malware is increasingly entering the toolbook of cyber criminals.

“December’s report saw Smoke Loader appearing in the top 10 for the first time. Its sudden surge in prevalence reinforces the growing trend towards damaging, multi-purpose malware in the Global Threat Index, with the top 10 divided equally between cryptominers and malware that uses multiple methods to distribute numerous threats,” said Maya Horowitz, threat intelligence and research group manager at Check Point

Researchers have also detailed the most detected malware threats on mobile devices, with the top three all used to abuse privileges on Android. Modular backdoor Triada takes the top spot, Guerilla Android ad-clicker is the second most common malicious installation on mobile, with the malware secretly and aggressively clicking on adverts without the knowledge of the user.

The third most common Android malware for December is Lotoor — a hacking tool that exploits vulnerabilities in the Android operating system in order to gain root privileges on compromised mobile devices.

“The diversity of the malware in the Index means that it is critical that enterprises employ a multi-layered cybersecurity strategy that protects against both established malware families and brand new threats,” said Horowitz.

*This post is credited to ZDnet

In general, most of the crypto-related firms are located between the United States and Europe. However, Asia is also playing an important role in attracting these kinds of companies. Indeed, Japan is becoming one of the main countries in terms of cryptocurrency adoption and usage.

One of the main reasons behind the success of Japan expanding crypto adoption is related to the fact that the country has a cash-based society. Although the country at the forefront of the technology world, cashless transactions are just 20 percent of all the transactions in the country.

The government has been trying to boost the mobile payments industry, something that would create several opportunities for virtual currencies and increased adoption in the future.

The country has also implemented different regulations to the crypto space. This allows companies to know where they are operating and how they are able to protect investors. During the last few years, Japanese exchanges experienced the worst hacks ever registered by the crypto space. One of them is the popular Mt. Gox back in 2014. The second one happened at the beginning of 2018 and affected the cryptocurrency exchange Coincheck.

Since that moment, the government started to impose stricter regulations around digital assets and blockchain technology. Back in April 2017, authorities amended banking law in order to include cryptocurrencies as a means of payment. In this way, Business and companies knew how to better deal with digital assets in the country.

Bitcoin and cryptocurrencies are taxed in Japan. However, as they were recognized as a payment method, the government has eliminated consumption tax on the sale of this virtual currency. Now, companies can accept cryptocurrencies in an easier and better way.

Here are many different companies and small retail shops accepting digital currencies as a means of payment. This includes one of the largest retailers in the country, Yamada Denki, which is now accepting Bitcoin for purchases made by customers. GMO is also allowing employers to receive a part of their salary in Bitcoin.

Not only big companies are starting to handle Bitcoin and crypto payments. Music schools or hotels are also starting to get involved in the market. During 2018, the space grew substantially in Japan and is expected to continue growing in the future.

As we wrote a few weeks ago, the Japanese Yen (JPY) surpassed the US dollar as the most traded currency against Bitcoin. This shows that Japan is a very active player in the market.

Although some other regulations have been imposed in the space, there are more than 190 companies trying to enter the Japanese cryptocurrency market. According to the country’s top financial regulator the Financial Services Agency (FSA), around 190 firms are waiting for approval to start operating in the country.

*This post is credited to BitcoinExchangeguide