Bitcoin Picks: New Trading Platform in Asia & Regulation Steps in Australia
by
Adil Siddiqui
Participants in the world of Bitcoins saw a spree of positive news supporting the industry. Australian lawmakers were presented with a new report outlining measures that assess the dynamics of Bitcoin regulations.
Virtual currencies welcomed the news of the possibility of a regulated trading exchange for Bitcoins in Australia. The notion was supported by another key figure in the US market for virtual currency authorization. The week also saw a new leveraged platform from a Vietnamese exchange.
Australian Watchdog Submits Regulated Bitcoin Proposal to Senate Committee
Bitcoin well-wishers appreciated the Australian financial regulator's, the Australian Securities and Investments Commission’s (ASIC), recent submission to the nation's Senate Economics Committee for the development of a structured Bitcoin trading environment.
The report outlined how digital currencies should be handled by a regulatory framework, with a focus on the investments and securities perspective.
New York Specialist Law Professional Outlines New Digital Currency License Proposal
Benjamin Lawsky, Superintendent for the New York Department of Financial Services, has put forward new proposals that simplify the licensing procedure of Bitcoin licenses. Mr. Lawsky added to his initial document and discussed the key points impacting the sector, including, software developers, startups, client identification and record keeping.
Vietnam’s first Bitcoin exchange, VBTC, has partnered with white label technology provider Archcoin to enhance its platform and offering. The exchange launched earlier this year, with the help of Bit2C, an Israel-based exchange which itself played the role of technology provider.
The new platform is designed to incorporate best practices in today’s industry and adds multiple security features, including Cold Storage. Most noteworthy is the offering of margin and short trading, with up to 8x leverage available.
Could Bitcoins Substitute the Russian Ruble Fiasco?
In a week of misery for the Russian ruble which saw restrictions placed on the currency, participants were exploring the increased usage of ruble Bitcoins. This week saw the biggest spike in Bitcoin/ruble volume of BTC-e in nearly a year.
Even as BTC floundered versus the dollar, it spiked higher against a plunging ruble. Over 800 BTC changed hands in a 24 hour period, a small figure for USD standards but unusually large in ruble-based trading. The high volume continued even after Tuesday’s events. The coming days and weeks will tell if this trend is to continue.
Virtual currencies welcomed the news of the possibility of a regulated trading exchange for Bitcoins in Australia. The notion was supported by another key figure in the US market for virtual currency authorization. The week also saw a new leveraged platform from a Vietnamese exchange.
Australian Watchdog Submits Regulated Bitcoin Proposal to Senate Committee
Bitcoin well-wishers appreciated the Australian financial regulator's, the Australian Securities and Investments Commission’s (ASIC), recent submission to the nation's Senate Economics Committee for the development of a structured Bitcoin trading environment.
The report outlined how digital currencies should be handled by a regulatory framework, with a focus on the investments and securities perspective.
New York Specialist Law Professional Outlines New Digital Currency License Proposal
Benjamin Lawsky, Superintendent for the New York Department of Financial Services, has put forward new proposals that simplify the licensing procedure of Bitcoin licenses. Mr. Lawsky added to his initial document and discussed the key points impacting the sector, including, software developers, startups, client identification and record keeping.
Vietnam’s first Bitcoin exchange, VBTC, has partnered with white label technology provider Archcoin to enhance its platform and offering. The exchange launched earlier this year, with the help of Bit2C, an Israel-based exchange which itself played the role of technology provider.
The new platform is designed to incorporate best practices in today’s industry and adds multiple security features, including Cold Storage. Most noteworthy is the offering of margin and short trading, with up to 8x leverage available.
Could Bitcoins Substitute the Russian Ruble Fiasco?
In a week of misery for the Russian ruble which saw restrictions placed on the currency, participants were exploring the increased usage of ruble Bitcoins. This week saw the biggest spike in Bitcoin/ruble volume of BTC-e in nearly a year.
Even as BTC floundered versus the dollar, it spiked higher against a plunging ruble. Over 800 BTC changed hands in a 24 hour period, a small figure for USD standards but unusually large in ruble-based trading. The high volume continued even after Tuesday’s events. The coming days and weeks will tell if this trend is to continue.
58% of UK Investors Choose Professional Guidance over 'Finfluencers’
Network, Learn, Grow | FMAS:24
Network, Learn, Grow | FMAS:24
Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
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#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
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Get ready to mark your calendars for FMAS:24, returning this May! Take a quick glimpse of what awaits at the Sandton Convention Centre in Sandton, South Africa from May 20-22, 2024.
Don't miss out on this 5-second invite packed with energy and urgency!
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
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Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
Follow FMevents across our social media platforms for news, insights, and event updates. Connect with us today:
🔗 LinkedIn: https://www.linkedin.com/showcase/financemagnates-events/
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Don't miss out on our latest videos, interviews, and event coverage. Subscribe to our YouTube channel for more!
Here's a sneak peek into the FMAS:24 vibrant atmosphere! Join us at Africa’s premium financial event for a transformative experience that combines the best of finance and technology.
From May 20-22, 2024, the Sandton Convention Centre in Sandton, South Africa, will be the hub for over 3,500 attendees to engage in unparalleled networking opportunities, learn from over 150 industry-leading speakers, and explore innovations from 120+ exhibitors.
Secure your free ticket now 🔗 https://events.financemagnates.com/yQx0l?utm_source=youtube&utm_campaign=fmas-is-back&utm_medium=video&RefId=FMAS24+Video+Ad+%5B1%5D
#fmas24 #fmas #fmevents #financeinafrica #traders #investors #affiliates #forexTraders #investmentOpportunities #B2BNetworking #finTech #Innovations #TradingCommunity #BusinessOpportunities #AfricanBusiness #Johannesburg #southafrica
📣 Stay updated with the latest in finance and trading!
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Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 | Africa's Premium Financial Event
Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Looking to expand your network in #Africa? Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
📣 Stay updated with the latest in finance and trading!
Follow Finance Magnates for news, insights, and event updates across our social media platforms. Connect with us today:
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Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Join 3500+ Attendees at FMAS:24 - Africa's Premium Financial Event
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Looking to expand your network in #Africa?
Join 3500+ attendees at FMAS:24, where online trading, fintech, payments, and crypto meet! Connect with industry leaders and innovators for an unmatched networking experience.
20-22 MAY 2024
Sandton Convention Center, Sandton, South Africa
Register now to secure your spot: https://bit.ly/3JbUpCK
#fmas #fmas24 #fmevents #networking #finance #africa
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Where the Prop Trading Industry Goes from Here | Finance Magnates Podcast
Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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Explore the tumultuous world of prop trading in this Finance Magnates podcast episode, featuring insights from Head of Axi Select, Greg Rubin.
We're discussing the challenges and shifts caused by MetaQuotes' pivotal decisions affecting MT4 and MT5 users, and how Axi Select offers a unique, realistic path to professional trading, steering clear of traditional prop firm pitfalls.
Tune in for expert analysis on the future of trading and innovative funding models.
The Axi Select programme is only available to clients of AxiTrader Limited. CFDs carry a high risk of investment loss. In our dealings with you, we will act as a principal counterparty to all of your positions. This content is not available for AU, NZ, EU and UK residents. For more information, refer to our Terms of Service. Standard trading fees apply.
This content is provided solely for general informational purposes and should not be construed as financial product advice or an investment recommendation. It has been prepared without considering your personal circumstances.
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