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Exchange IDAX suspended deposits after its CEO disappears

In a blog post on the 29th of November, IDAX, which earlier this week warned that it was seeing an exodus of withdrawals, he said that currently he did not know the whereabouts of Lei Guorong. “Since we announced the announcement on the 24th of November, the CEO of IDAX Global disappeared with an unknown cause and the staff of IDAX Global was not in contact with the CEO of IDAX Global”, sentenced. The blog post continues that, as a precaution, the wallet cold of the company was closed to protect the funds of the users. “For this reason, the access to the wallet cold where they are stored almost all the balances of the cryptocurrencies in IDAX has been restricted, so in effect, you can not provide the service of deposit / withdrawal”.

The German banks can sell and to safeguard assets cryptographic from 2020

From next year, banks in Germany will be able to offer the sale and storage of cryptocurrencies under the new legislation. As announced on the local newspaper business Handselblatt in a report on Wednesday. The draft law was already approved by the German federal parliament, the Bundestag, and is expected to be signed by the 16 states of the nation. The bill goes beyond what was planned previously, says the report. Originally, banks are not they should be allowed to act as crypto custodians, and they had to rely on custodians, external or subsidiaries dedicated. Sven Hildebrandt, head of the consulting firm DLC, welcomed the news and said to the Handselblatt: “Germany is on its way to becoming a sky encryption. The German legislature is playing a pioneering role in the regulation of (the assets of encryption)”.

Poloniex acquires greater exchange decentralized

Exchange of cryptocurrencies Poloniex now controls the largest exchange decentralized (DEX) in the network blockchain Tron (TRX), report on the official reports. Confirmed by the CEO of Tron, Justin Sun, the 29 of November, Poloniex now operate TRX Market with the new name “Poloni DEX”. The extent occurs a month after that Poloniex is separated from the owner Circle to form a new exchange, which dealt with the regulatory problems in the united States. According to Sun, Poloniex “purchased” TRX Market, while it is still unknown what changed hands and what the financial value generated by the agreement. Meanwhile, Poloniex promised beneficial effects in the long term for Tron as a result of the acquisition.

Russia intends to prohibit use of cryptocurrencies

Russia is preparing a ban on the use of cryptocurrencies to pay for goods and services. A report in Izvestia on November 29, quote several sources familiar with the ongoing discussions in the country’s central bank, the financial regulator and the Finance Ministry in support of a ban. At present, the cryptocurrencies can be used for e-commerce and many freelancers russians, including programmers, designers and writers, agree to receive their salaries in Bitcoin (BTC) or Ether (ETH), said Vladislav Antonov to Izvestia. Antonov, an analyst at the Center for Information and Analysis of Alpari, pointed out that while they are not permitted officially, the cryptocurrencies are often used to purchase a range of goods and services, including tickets, computers and home appliances, rent an apartment or book a hotel. The following two tabs change content below. Venezuelan, student of the last semester of Social Communication. Attracted by the new technologies and the development that they offer to humanity.

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About the author

Caroline W.

Caroline W.

Caroline is passionate about learning languages, cultures and the Internet. She has years of experience working at international online advertising projects. Growing interested in Bitcoin and cryptocurrencies in late 2018, she joined CurrencyMarket24 as a writer.