Salaries in Bitcoin and Poland Gets Tough: Best of the Week

Catch up on last week's top stories.

Bitcoins payslip

GMO Internet, Tokyo-based internet service company, will be offering its employees the option to receive part of their salaries in Bitcoin from March 2018.

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The company said in a press release:  “GMO Internet Group has decided to introduce a system that allows part of the salary’s payment to be received by Bitcoin in order to promote ownership of the [employees’] virtual currency.”

God of forks 

On Tuesday we reported that there will be no fewer than seven new versions of Bitcoin emerging over the next couple of months.

At least one of them has already been reported as being a scam (Bitcoin Platinum), and another has a divine name – Bitcoin God.

Poland cracks down

On Wednesday we reported that the Polish Ministry of Finance has submitted a draft of a new law which aims to further limit the maximum ‎leverage on foreign exchange trading from 100:1 to 50:1.

The country’s regulations are now similar to those of other European nations, notably the FCA, which has proposed a maximum of 50:1.

eToro and Coindash

The two companies last week announced that they are partnering up to work on blockchain-based solutions for crypto portfolio management.

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They already share offices, which will help with the coordination of operations.

Lightning strikes

On Friday we reported on the Lightning Network, a system which may allow Bitcoin transactions to happen in real time. The system allows transactions to be completed off-chain and added later, speeding up the mining process.

The network has been designed such that even a low-powered computer can become a Lightning Network node.

ESMA vs binary options

The European regulator in considering banning binary options altogether, and limit the marketing of forex to customers.

In addition, brokers might need to implement margin close-out rules, negative balance protection and a standardized risk warning.




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