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Digital Currency and Blockchain Weekly Round-up – August 17th, 2018

China UnionPay, Bank of China partner to explore blockchain and big data

FxWirePro: BTC/USD hovers around 6500, decisive break above to see further upside

Polymath in Joint-Venture with 7Pass Announces First Private Security Token

BMO, Ontario Teachers' Pension Plan pilot blockchain technology for fixed income issuance transaction

Crypto Currency Brief: Bitcoin rebounds to near $6,500 mark, BCH/USD rangebound, Litecoin hovers near 14-month low – Wednesday, August 15th, 2018

FxWirePro: BCH/USD hovers around 5-DMA, break above could see minor upside

Huobi to set up five cryptocurrency exchanges in new markets via cloud platform

Crypto exchange Coinbase rebrands Toshi as “Coinbase Wallet”

FxWirePro: Fidelity Investments Launch Access to Bitcoin ETNs Amid SEC’s Deferral of BTC ETF Approval

Bitwise launches three new crypto indices, announces index advisory board

Leverage element allures ETH/USD speculators via Quanto derivatives

FxWirePro: ETH/USD tests key resistance at 300, close above 10-DMA to see further bullishness

Crypto Currency Brief: Bitcoin continues uptrend, South Korean cities aim to become crypto capitals, Thai SEC allows 7 exchanges to conduct legal crypto operations – Thursday, August 16th, 2018

Ripple announces Bittrex, Bitso and Coins.ph as preferred digital asset exchanges

Can Turkey eye on Venezuelan-type own cryptocurrency or opt interest manipulation?

FxWirePro: Monero (XMR/USD) forms hammer in Daily chart, jump till $112 likely

EconoTimes

Digital Currency Revolution

South Korean Customs Service investigates illegal cryptocurrency trade

Thursday, February 1, 2018 4:13 AM UTC
0
comments

The Korean Customs Service (KCS) is investigating the use of digital currencies in illegal foreign exchange business in the country.

In an official announcement, the KCS said that a total of 637.5 billion won (approximately $600 million at current exchange rate) have been exchanged illegally in foreign currencies till date, which includes transactions involving cryptocurrencies.

The announcement follows the ban on anonymous cryptocurrency trading in South Korea, which went into effect on January 30.

Providing further details, the KCS pointed out that a case in which unregistered currency exchanges remitted 472.3 billion won for customers between South Korea and Australia from March to December 2017. It said that the transactions were facilitated by cryptocurrencies, CoinDesk reported.

The KCS said that it will continue to look into the illegal foreign exchange transactions and money laundering activities, including those involving cryptocurrencies. In addition, it will also investigate the use of cryptocurrencies for the purchase of illegal and smuggled goods.

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2018-08-17 20:50:14
0m
MOODY'S SAYS DISCREPANCY BETWEEN TURKEY'S CENTRAL BANK'S INFLATION FORECASTS, "UNWILLINGNESS" FOR POLICY TO ACHIEVE THOSE TARGETS UNDERMINES ITS CREDIBILITY
2018-08-17 20:49:42
0m
MOODY'S SAYS TO MANAGE "SOFT LANDING" OF TURKISH ECONOMY IS A CHALLENGE IN LIGHT OF WEAKENED INSTITUTIONS AND INCREASING TENSIONS WITH U.S.
2018-08-17 20:42:35
0m
MOODY'S SAYS PROBABILITY THAT TURKISH AUTHORITIES WILL MANAGE TO ENGINEER A "SOFT LANDING" OF ECONOMY IS DECLINING
2018-08-17 20:42:31
0m
MOODY'S SAYS PROBABILITY THAT TURKISH AUTHORITIES WILL MANAGE TO ENGINEER A "SOFT LANDING" OF ECONOMY IS DECLINING
2018-08-17 20:42:22
0m
MOODY'S SAYS ALSO NOTES THAT TURKEY HAS SUCCESSFULLY MANAGED PREVIOUS SERIOUS ECONOMIC AND FINANCIAL SHOCKS
2018-08-17 20:42:12
0m
MOODY'S SAYS TURKEY'S EXTERNAL FUNDING NEEDS REMAIN SIGNIFICANT, AND THE RISK OF A BALANCE OF PAYMENTS CRISIS CONTINUES TO RISE
2018-08-17 20:42:03
0m
MOODY'S SAYS VIEW OF FURTHER DECLINE IN PREDICTABILITY, EFFECTIVENESS OF TURKEY'S ECONOMIC POLICY MAKING EXEMPLIFIED BY CONCERNS OVER CENTRAL BANK'S INDEPENDENCE
2018-08-17 20:41:57
0m
MOODY'S SAYS ALSO LOWERED TURKEY'S LOCAL CURRENCY BOND AND DEPOSIT CEILINGS TO BA1 FROM BAA2
2018-08-17 20:41:50
0m
MOODY'S ON TURKEY SAYS TIGHTER FINANCIAL CONDITIONS, WEAKER EXCHANGE RATE, LIKELY TO FUEL INFLATION FURTHER, UNDERMINE GROWTH
2018-08-17 20:41:44
0m
MOODY'S SAYS LOWERED TURKEY'S LONG-TERM COUNTRY CEILINGS, FOREIGN CURRENCY BOND CEILING TO BA2 FROM BAA3; FOREIGN CURRENCY DEPOSIT CEILING TO B1 FROM BA3
2018-08-17 20:41:38
0m
MOODY'S SAYS KEY DRIVER FOR TURKEY'S DOWNGRADE IS CONTINUING WEAKENING OF PUBLIC INSTITUTIONS, RELATED REDUCTION IN PREDICTABILITY OF POLICY MAKING
2018-08-17 20:41:31
0m
MOODY'S SAYS DOWNGRADED THE GOVERNMENT OF TURKEY'S LONG-TERM ISSUER RATINGS TO BA3 FROM BA2 AND CHANGED ITS RATING OUTLOOK TO NEGATIVE
2018-08-17 20:41:24
0m
MOODY'S DOWNGRADES TURKEY'S RATINGS TO BA3 AND ASSIGNS NEGATIVE OUTLOOK
2018-08-17 20:41:17
0m
MOODY'S DOWNGRADES TURKEY'S RATINGS TO BA3 AND ASSIGNS NEGATIVE OUTLOOK
2018-08-17 20:41:10
0m
S&P SAYS EXPECT TURKEY'S FISCAL POSITION TO WEAKEN BUT REMAIN SUPPORTIVE OF THE SOVEREIGN RATINGS
2018-08-17 20:41:03
0m
S&P ON TURKEY SAYS BELIEVE THAT GENERALLY HEIGHTENED POLITICAL UNCERTAINTY WILL ALSO LIKELY PUT A BRAKE ON PRIVATE INVESTMENT
2018-08-17 20:40:56
0m
S&P SAYS TURKEY'S BALANCE OF PAYMENTS VULNERABILITIES REMAIN A KEY RATING CONSTRAINT
2018-08-17 20:40:51
0m
S&P SAYS TURKEY'S CURRENT ACCOUNT DEFICIT HAS PEAKED AND WILL DECLINE IN COMING MONTHS
2018-08-17 20:40:43
0m
S&P SAYS ELEVATED INFLATION IN TURKEY BY PASS-THROUGH FROM EXCHANGE-RATE DEPRECIATION WILL ERODE REAL INCOMES, DEPRESSING PRIVATE CONSUMPTION
2018-08-17 20:40:29
0m
S&P SAYS ELEVATED INFLATION IN TURKEY BY PASS-THROUGH FROM EXCHANGE-RATE DEPRECIATION WILL ERODE REAL INCOMES, DEPRESSING PRIVATE CONSUMPTION
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Economics Monitor

August 17 14:30 UTC Released

USECRI Weekly Annualized

Actual

0.3 %

Forecast

Previous

0.6 %

August 17 14:30 UTC Released

USECRI Weekly Index

Actual

147.4 %

Forecast

Previous

147.8 %

January 31 00:00 UTC 288200288200m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 288200288200m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 300020300020m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 288200288200m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 300020300020m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 288200288200m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 288200288200m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 288200288200m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

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