A Bitcoin and Crypto specific legislation has been voted for in the South Korean parliament, the National Assembly. South Korea’s National Assembly passed an amendment to its Reporting and Use of Specific Financial Information Act, legalizing cryptocurrency trading.

The Central bank of India (RBI) is planning to file a review petition for the judgement passed. It’s concerned that the Supreme Court’s decision on Wednesday could pave the way for trading in Bitcoin and Cryptocurrency. The Federal Reserve cut interest rates this week. While the central bank was hoping to boost the falling stock market, the move seemed to spook investors. All the major US stock market benchmarks swung upward for just one day on Wednesday after the cut. Nike and Macy’s tinker with blockchain. The Global brands and retailers have teamed up for a supply chain tracking solution that would save them $98 billion.

References:

South Korea Legalizes Crypto Trading

Crypto Trading is Now Legal in South Korea


2 Possible Reasons Why This Week’s Emergency Fed Rate Cut Boosted The Value of Bitcoin
https://cryptopotato.com/2-possible-reasons-why-this-weeks-emergency-fed-rate-cut-boosted-the-value-of-bitcoin/
RBI to seek review of Supreme Court order on cryptocurrency


https://economictimes.indiatimes.com/news/economy/policy/rbi-to-seek-review-of-supreme-court-order-on-cryptocurrency/articleshow/74503345.cms
Nike and Macy’s tinker with blockchain
https://decrypt.co/21501/nike-and-macys-tinker-with-blockchain

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8 COMMENTS

  3. COVESTING $COV will be used as utility on PRIMEXBT in just days. Only a 2m marketcap right now. Only 11cents at the moment.

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