Crypto Daily News – February 12, 2018

Your One Stop Source for Daily Cryptocurrency News and Commentary

There was very little movement with cryptocurrencies today as most major coins ranged between gaining or losing a few percentage points. There's a great article by Forbes explaining that a possible reason for it as the regulatory uncertainty causing investors to stay on the sidelines.

South Korean government

Source: Bitcoin.com
In terms of regulatory news, the South Korean government is considering implementing an approval system for cryptocurrency exchanges and a final decision will be made after local elections in June. The good news is that the Korean government seems to have softened their stance saying, "there is no need to use a hard-line policy, including a total ban on trading, as the speculation has subdued.”

Bank of Thailand

Source: Financemagnates.com
In Thailand, the Bank of Thailand, the country's central bank prohibited certain activities related to cryptocurrencies. Thai financial institutions will not be allowed to invest or trade in cryptocurrency, operate any exchanges or allow its customers to purchase cryptocurrency using credit cards. All in all, not too surprising. I do agree with the Forbes article in that we are in wait-and-see mode to see how all these regulatory activities will pan out.

Disclaimer: I’m a self-proclaimed crypto-noob and trying to learn every day. While I hope my information and commentary are helpful, please always rely on your own research before making any investment decisions.