Prior to the ban imposed by the Supreme Court of India on trading of cryptocurrency, the Securities and Exchange Board of India (SEBI) sent two government officials to Switzerland and Japan to understand digital currency better. The investors in India were quite optimistic about the move.

But the ban has dampened the hopes of many startups, who were eyeing for regulations and recognition. The Reserve Bank of India (RBI) has warned against the usage of these currencies in the country, citing that they can pose financial and legal threats.

Presently, the country has 15 cryptocurrency exchanges. Many startups have even started to fund themselves using the Initial Coin Offerings (ICOs). But it is not only the investors or startups who will feel the err, developers and companies working on open blockchain technology will also face the tough time.

The RBI is open to blockchain technology and sees its capability to enhance the financial system but opposes the use of cryptocurrency.

How can this dual standard affect the market? Let us have a look.

Quit call for Zebpay
Following the blanket of the ban, the popular cryptocurrency exchange has decided to stop its India operations. The exchange was unable to find any banking service from any commercial bank and financial institution in the country.

The effect of termination of their service in India can be monumental as it remains one of the famous crypto trading platforms of the country. But the spokesperson of the company said that they wholeheartedly welcome the government’s decision.

While Zebpay is totally supportive of the government’s decision, it was unfortunately forced to shut down its service as banks weren’t supportive towards them.

Isolation of India
The delay in regulating the digital market by the government will affect the market growth. It is said that sooner it is regulated, the business will start coming faster, but the delay can lead to the loss of business. Cryptocurrency will be a delayed to flourish in the market of India.

Nations like Japan, France, Malta, Switzerland are increasingly mindful on setting up amicable regulation for startups dealing with digital currency. This led to the establishment of leading crypto exchanges and the opening of new blockchain projects in these regions. If the local exchanges like Zebpay start to leave the Indian market, it will take years to revive the local digital currency and blockchain market.

Huobi is the Singapore based cryptocurrency exchange firm and provides the asset management service. It has been awarded a full Distributed Ledger Technology (DLT) license by the Gibraltar Financial Services Commission (GFSC) along with the Gibraltar Blockchain Exchange (GBX).

The GBX is a subsidiary of the Gibraltar Stock Exchange Group. It is recently launched its institutional grade token sale platform and the Digital Asset Exchange. The allowance of the DLT means that the GSX has become the first stock exchange. It is to own a blockchain exchange regulator.

After completing the procedure of application, Gibraltar blockchain Exchange and Huobi can now store and even transmit the value which belongs to others who are using blockchain technology.

Eager to build and having a purpose:

The CEO of the Gibraltar Blockchain Exchange named Nick Cowan said that the securing authorization as the DLT license provider here in Gibraltar is an affirmation of their tireless efforts to position the GBX among the premiere Digital Asset Exchange. Now, the announcement regarding the sale platform renews the ambition of them to create a world-leading exchange. They are even excited to build on this wave of energy following their full-scale public launch which is going to be in July.

Gibraltar’s Distributed Ledger Technology is built a regulatory framework for firm plans using DLT or the cryptocurrency purposefully. It was introduced in January. Huobi is fully charged with the legislation as a company through the DLT regulatory framework principles. They can engage with the regulators in the tough and quick manner. In the meantime, it also gets the advantage from the flexible framework which allowing room for the guidelines to evolve in tandem with the blockchain platform.

Supportive and effective framework:

The quick legislation they have introduced gives quality based firms like Huobi, a supportive framework. It can further develop and can even grow sustainable legacies. The announcement is another example to the Gibraltar market which is providing for the firms seeking innovation. It is under the umbrella of sensible and regulation security in an effective way.

One of the famous cryptocurrency exchange Huobi, the machinist has recently started a new Collectivist Event group originally for the crypto trading activities and blockchain-focused businesses in China.

The corporation which functions in the Hong Kong-based exchange of the same name at present is the 3rd highest international company accustomed to the trading volume. The news was announced on its official website on 16th November 2018 stating that it is essential to change the Collectivist Event ideologies and strategies into private firms.

The change has been aimed to gather events provision for the firm in its domestic industries, which is the primarily important thing for the Chinese crypto trading as well as the space of blockchain. The founder of the first Huobi crypto exchange and CEO Li Lin named the original group “a milestone” for his company. The name was given at the opening ceremony where more than 50 executives were present.

Subsequently, China’s controllers broke down on cryptocurrency trading in 2017 and the local exchanges were made mandatory to change to more approachable authorities. Though Huobi’s crypto exchange trading has at present based in Singapore, it still has blockchain referring and investigation processes on the China continental.

The Collectivist Event needs companies which will have at least 3 event memberships to create many committees, as per the company sources, though it is ordinary for community individuals to work efficiently. At present, though, creating many official draws to the governing event has developed much collective at private initiatives.

On the other hand, though authorities of Chinese have fastened down on numerous activities related to cryptocurrency, such as token sales, they are vigorously endorsing the acceptance of blockchain know-how. Indeed, the Collectivist Event group has stimulated to create blockchain literateness the standard through community workplaces with the newspaper of an interpreter for bureaucrats and associates in August 2018.

One of the largest fiat-to-crypto exchange in the worldwide marketplace Coinbase by the end of 2018, is all ready to get more than $1.3 billion in annual income.

Binance in the month of January, the go-to crypto exchange for numerical asset traders, made a complete revenue of $200 million, crossing that of Germany’s major monetary institution Deutsche Bank.

Bithumb and Upbit, two of the main exchanges in South Korea, have allegedly been recorded once-a-month income of $100 million in early 2018 mainly from the deal and elimination fees. In the month of January 2018, according to Yoojjin Investment researcher Jung Yoon-ho seeing the $2.5 billion in user funds that are vigorously operated in the area, and the average dealer fee is 1 percent, Jung further stated that Bithumb has created $2.5 million in day-to-day revenue at the start of 2018.

However, due to the allowance of the market and the weakening in trust towards crypto exchanges by investors in South Korea because of the two successive safety breaches of Bithumb, experts forecast that the once-a-month revenues of main crypto exchanges in South Korea have released from $100 million to around $60 to $70 million in the past 10 months.

As per the reports published in Bloomberg, documents gotten by the publication revealed the projected annual revenue of Coinbase to be around $1.3 billion.

Binance, for instance, publicly disclosed that it will donate all of the listing fees given by projects to be listed on the exchange to fund transparent initiatives led by reputable organizations like the UN with crypto.

“If you look at the first few UN Sustainable Development Goals, such as poverty, hunger, health and even education, these are easily addressed or improved by the charity initiatives. Yet, what we’re trying to do is a level deeper. I believe that by improving transparency in the charity sector, we will be able address all 17 goals as a whole, at a more fundamental layer,” Binance CEO Changpeng Zhao said.

As such, major crypto exchanges have concentrated their revenues to the core business model of facilitating cryptocurrency trades with minor fees.
Throughout the past eleven months, the volume of the crypto exchange market, which hovered at around $20 billion, has nearly halved. The volume of Bitcoin, the most dominant cryptocurrency in the market, dropped from nearly $8 billion to $3.5 billion.

Still, a $10 billion daily trading volume of the crypto exchange market, which is still at its infancy, is sufficiently significant for exchanges to generate large revenues.

Julie Verhage at Bloomberg reported that the firms $1.3 billion in sales for 2018 comes from the instructions on skills on its platform, as well as from improvements and sufferers in its own crypto holdings. Because the company looked at numerous interior events of revenue, the exact figures could be different.

The massive mainstream of incomes carried in by cryptocurrency exchanges is generated through dues on purchasing and selling of orders, as well as removal requests. The profitable commercial model of crypto exchanges has enticed in numerous institutions and corporations throughout the year. In South Korea, every maximum crypto exchanges are currently functioned by multinationals which are ruling local industries as they are multi-billion dollar companies, some of them are Kakao, Shinhan Bank, and Nexon.

A federal judge has discharged a complaint against Coinbase claiming the exchange offends investors when it registered bitcoin cash by letting insider trading. The announcement came as Cryptocurrency prices slipped on Thursday, with Bitcoin and Ethereum dropped more than 1 percent. The report says that a federal judge discharged lawsuit in contradiction of Coinbase received some attention.

Bitcoin dropped 1.2% to $6,507.5 by 12:40 AM ET (04:40GMT) on the Bitifinex exchange, Ethereum fell 1.8% to $203.88 and Litecoin was down 1.5% at $52.979. XRP lost 2.7% to $0.46067 on the Poloniex exchange.

This week, U.S. District Judge Vince Chhabria, from the Northern District of California, discharged a lawsuit filed by Arizona resident Jeffrey Berk in March against Coinbase, CoinDesk reported. The report stated that Berk suspected that the exchange for allowing insiders to trade bitcoin cash preceding to its listing on the exchange.

According to Berk, expectedly, those who had been sloped off [about bitcoin cash’s listing], directly swamped Coinbase and the GDAX [sic] with the purchase and sell orders, retreating the liquidity but procurement BCH at fair prices. The market effect was to unethically drive up the price of BCH for non-insider traders once BCH came online at the Coinbase exchange.

In discharging the suit, Judge Chhabria mentioned that the complaint of Berk does not adequately express the legal basis for his claims, and enlightening that “a reader of the complaint is thus left speculating what Coinbase must have done otherwise, or why the rollout of bitcoin cash would have gone more effortlessly had Coinbase done whatever Berk thinks is suitable.”

According to a report published in Reuters Japan is currently letting cryptocurrency exchanges to self-regulate through the Japanese Virtual Currency Exchange Association. Japan’s Financial Services Agency (FSA) will handover oversight powers to the production body.

Reuters cited an unnamed senior FSA official as saying, it’s a very fast-moving industry. It’s better for experts to make rules in an appropriate manner than bureaucrats do.

The ruling is significant to how the case may proceed, Palley said. While Coinbase has the option to file another motion to compel arbitration, the amended complaint is likely to move even further away from the user agreement than the original.

“A decent lawyer isn’t going to make a losing argument when they’ve already lost on the point before,” he said.

As a result, the case may then proceed through the court system.

While Palley did not speak to the merits or the claims made in Berk’s suit specifically, he noted that generally, if a lawsuit moves past a motion to dismiss and discovery and is certified as a class action, “in most cases these things settle.”

“If you’re a class, if I’m one person and I’ve lost $50 that’s not very much, but if I’m … representing 10 million people and we’ve all lost $10 then that’s $100 million. That’s the advantage of a class action,” he said.

A subordinate of Abu Dhabi Ports has collaborated with Belgium’s Port of Antwerp for a blockchain pilot focused to enable international trade. The proof-of-concept (PoC) trial will be led by Maqta Gateway using its own blockchain platform, Silsal, which was propelled in June to address disorganizations in the shipping industry and better connect importers and exporters.

Silsal, the name of the project, uses an electronic blockchain ledger system to deliver complete cargo discernibility and rationalize trade flows and supply chains. If tested positively, the Silsal project expects to mechanize the exchange, documentation, and salutation of cargo forms among Abu Dhabi ports and Belgium’s Port of Antwerp. Every investor acts as a node of a blockchain network who gets to the right of entry and recognize the real-time supply chain of the shipped items.

According to a press release, the trial is predictable to assist the corporations to handle trade certification between the United Arab Emirates and Belgium, “offering full cargo visibility and streamlining trade flows and supply chains.”

The use of blockchain to pioneer ancient observation and record-keeping systems expects to boost the prices, time, and integrity of the international trades. An identical follow is already happening across the provision chains of alternative industries, notably in commodities. Shipping firms like FedEx have conjointly joined the blockchain bandwagon by lining up their non-public offer chain initiatives.

As part of the pilot project, Maqta Gateway will use Silsal to run a Proof of Concept test with the Port of Antwerp for the handling of international trade documentation using blockchain technology. The two sides have already established and agreed on the technical specifications of the test, which will be achieved in the fourth quarter of 2018. Dr. Noura Al Dhaheri, corporate executive of Maqta entryway, a subsidiary of United Arab Emirates’s capital Ports, explained the potential of their project whereas speaking at GITEX Technology Week.

He said:

“We realized early on that blockchain technology can provide the very things necessary for reliability and integrity in the increasingly complex global supply chain. Silsal’s first international step today, working with the Port of Antwerp, is a manifestation of Abu Dhabi Ports’ commitment to secure Abu Dhabi’s global standing as a premier logistics, transport, and trade hub, and support the Abu Dhabi Economic Vision 2030.”

Abu Dhabi Port’s latest participation in the annual GITEX Technology Week comes at a time when the port operator is strengthening its relationship with institutions that can support Abu Dhabi’s digital transformation. In September, Maqta Gateway signed a Memorandum of understanding (MoU) with Abu Dhabi Global Market, the International Financial Centre in Abu Dhabi, to collaborate on innovation projects, technologies and knowledge transfer. As part of the partnership, both entities will exchange expertise and partner for joint innovation projects to develop and apply technologies in the areas of digital and mobile payments, blockchain and distributed ledgers, flexible platforms, among others.

Abu Dhabi Ports is furthermore creating additional covert DLT comes during an enterprise with United Arab Emirates’s capital world Market, the International monetary Centre in United Arab Emirates’s capital. The area aims to become a digitally remodeled space within the next 5 years by emerging solutions on the maximum of ground-breaking technologies that, additionally to the blockchain, symbolize AI and IoT.

BITOZZ is a decentralized platform created to facilitate a crypto derivative market on which traders can access various trading and investment instruments such as the futures and options. This further creates room for a strategic, highly liberating, low risk, and seamless trading experience.

The use of smart contract and blockchain technologies allows the platform to have a network that makes any type of trading less complex and even more diversified in offerings. Users of the platform have the freedom of hedging, speculating, and diversifying their portfolio all because of the availability of an array of derivative instruments.

All types of traders can find any product they like on the platform that simplifies their whole experience and gives them a chance to maintain control over the customization of that experience. Through the expansion of the choices for the users, the platform’s ecosystem helps the user in making the decision on the most suitable strategy for trading and investing their assets.

How Bitozz Crypto Trading Exchange For Futures & Options Works?

Products offered by the platform include the spot trading, margin trading, and options trading in American options that are very advantageous to the investor since their execution is any time before they expire.

The final product that the platform offers is the advanced APIs and financial integration that gives users a trading experience that is hassle-free while allowing them to be connected to rest, fix, binary, as well as third-party custom APIs. The architectural design also enables its integration with the banking, settlement, and payment gateways.

The Bitozz Solution

The platform has generated the most advanced order types that facilitate algorithm trading for every type of user. The platform aims at eliminating the carrying cost by replacing it with one-time fees just as it happens in spot trading. The BITOZZ exchange is not limited to just the derivatives products but also offers a one-stop shop solution.

The platform’s tokens called the BITOZZ tokens to operate on the Ethereum blockchain. The token features include 10% of the profits accrued being shared monthly as the dividend to token holders and 10% used to buy back and then burn the BITOZZ tokens. The tokens can also be used as collateral on the platform for fiat loans. Token holders get discounted fees structure upon using the BITOZZ tokens.

Bitozz Benefits

Advanced Order Types

The platform entails advanced order types that quickly and efficiently enable algorithm trading on the platform. The trading can be in cover order, multiple orders, or bracket order.


The platform allows its users to easily speculate and diversify their portfolio through the various product offerings that are available for use.

Quick Trade Execution

Users can quickly and precisely execute trades through the platform’s exclusive ‘Point-and-Click’ trading interface that is ladder based and highly effective.

No Carrying Costs

The platform allows its users to leverage up to twenty five times more without them having to incur carrying or funding costs. This makes it very affordable and easily sought after.

The International Monetary Fund (IMF) has warned the “rapid growth” of bitcoin and cryptocurrency assets could create “new vulnerabilities in the international financial system,” as the world’s banks adjust to the recent bitcoin and blockchain boom.

Bitcoin and cryptocurrencies, including Ripple Lab’s XRP token, ethereum, litecoin, EOS, and stellar, are being examined by the traditional financial system to gauge how they might be integrated as both investment tools and ways to move money across borders more quickly and cheaply.

The excitement around how bitcoin and cryptocurrency technologies, based on the blockchain distributed ledger, has propelled the price of many major cryptocurrencies to stratospheric highs over the last 12 months. Last year, the bitcoin price ballooned from less than $1,000 at the beginning of 2017 to almost $20,000 in December.

The bitcoin price has since fallen sharply back, currently trading at around $6,500, and dragging many of the biggest cryptocurrencies with it — many of them recording 80% declines from their peaks.

Financial regulators around the world are trying, with mixed success, to get a handle on the bitcoin and blockchain phenomenon.

Last month the UK government branded the world of cryptocurrency a “wild west” and suggested oversight of the burgeoning industry be handed over to its primary financial services industry, the Financial Services Authority.

In February the IMF chief Christine Lagarde said international regulatory action on cryptocurrencies is “inevitable” and that the IMF’s concerns over cryptocurrencies stem largely from their potential use in illicit financial activities.

“An indiscriminate rollback of post-crisis regulatory reform and oversight—both domestically and internationally—could encourage excessive risk-taking, leading to a further buildup of financial vulnerabilities,” the latest IMF October report also warned.

Some banks are considering implementing Ripple Labs new xRapid service, which handles cross-border transfers using the digital XRP token and is designed to work as a bridge between different currencies around the world, allowing payment providers and banks to process faster cross-border transactions. Earlier this year Ripple Lab’s chief executive Brad Garlinghouse boasted there would be “dozens” of banks using xRapid by the end of 2019.

Elsewhere, many big investment banks, including the likes of New York-banking giant Goldman Sachs, are experimenting with bitcoin products to allow clients to participate in the cryptocurrency market without having to deal with often clunky and relatively unregulated bitcoin and cryptocurrency exchanges.

Meanwhile, a report out last month from cybersecurity firm McAfee found that cybercriminals are ratcheting up efforts to target devices with cryptocurrency malware. Christiaan Beek, the lead scientist and senior principal engineer with McAfee Advanced Threat Research, said that in the past few years devices like internet routers have emerged as possible targets for so-called cryptomining.

Approximately $1.5 billion worth of cryptocurrency has been stolen in the past two years, according to McAfee.

This isn’t the first time the IMF has warned over risks from bitcoin and cryptocurrencies. The IMF’s stability report last week said:

Despite its potential benefits, our knowledge of its potential risks and how they might play out is still developing. Increased cybersecurity risks pose challenges for financial institutions, financial infrastructure, and supervisors. These developments should act as a reminder that the financial system is permanently evolving, and regulators and supervisors must remain vigilant to this evolution and ready to act if needed.

Hong Kong investment firm Summer Capital has taken a stake in start-up SEBA Crypto AG, which aspires to be the first cryptocurrency investment bank, pending approval of its license application before Swiss authorities.

Summer Capital spokesman Jack Chung said he expects SEBA, which is headquartered in the affluent Swiss municipality of Zug, to receive approval as a banking and securities dealer by the Swiss Financial Market Supervisory Authority.

Approval by regulators will support the development of cryptocurrency banking services, enabling SEBA to subsequently extend its services to Asian blockchain companies struggling to access the traditional banking system.

The investment is the first by Summer Capital in the areas of blockchain and cryptocurrency. Summer Capital, which manages more than US$1 billion, may also invest in an initial coin offering by SEBA, slated for 2019.

“We believe we could support SEBA’s plan to expand into Asia, a region where cryptocurrency trading and blockchain projects have been flourishing,” said Chung. Summer Capital also invests in fintech, logistics and consumer technology companies.

Another institutional investor in the series-A funding round, worth 100 million Swiss francs (US$100.8 million) is US investment manager Black River Asset Management. Chung declined to say how much his firm had invested.

SEBA chief executive Guido Buhler, a former head of asset servicing at UBS, said the firm expects to receive regulatory approval in the second quarter of 2019. SEBA will initially focus on offering transaction banking, an area which many blockchain companies are dissatisfied with current services on offer.

“It has been tough for blockchain start-ups to grow their businesses as they are unable to access the traditional banking system. We are building infrastructure to allow companies to pay salaries in cryptocurrencies, and bridging the disconnect between fiat and cryptocurrency payment,” he said.

The company says it will build out its technology infrastructure, and more than double its headcount to 55, from 20 currently, by the end of the first quarter of 2019.

Apart from banking services, it will also provide digital asset custody services to institutional clients.

Zug, which is located 25 kilometres south of Zurich, is dubbed Crypto Valley due to its openness to blockchain innovations and start-ups. The city accepts bitcoin payments for government services, underlining its openness towards cryptocurrencies as a means of payment. There are over 400 blockchain and cryptocurrency companies active in Switzerland, according to the Crypto Valley Association.

Buhler said going forward, SEBA will also provide liquidity services to various cryptocurrency- exchanges, including those that operate in Asia.

Andreas Amschwand, SEBA chairman, was a former UBS global head of foreign exchange.

Blockchain Company FHM (Pty) Ltd has launched the Initial Coin Offering (ICO) for SAFCOIN, an exclusive African cryptocurrency that aims to make digital currency investment easy and understandable for everyone in Africa. Around lakhs of SAFCOIN tokens are available to the country of South Africa. It is offered in the initial coin offering. It is offering the local people of South Africa to invest in SAFCOIN during the startup itself. Tokens are even get brought to the initial coin offering which can migrate to coins. This is going to end on this month ending that is 31st of October.

Co-founder of SAFCOIN, Neil Ferreira is saying that the Blockchain Cryptocurrency is very confusing and it is unfamiliar to the local people, so this can prevent widespread adoption. And they are hoping that they can educate the people about the advantages of the cryptocurrency and it can help them to understand how to trade and why to trade. Even they can learn and can be a piece of the digital currency world revolution.

The South Africans lost many of the chance to invest in Cryptocurrencies like LiteCoin, BitCoin, and the ethereum when this gone rush in 2010.

SAFCOIN’s goal is to make the payment entire Africa and get the trading online. They want to boost up the trading in Africa. And they want to simplify the cross-border payment process in the counties by removing large transactions and red tapes.

They are thinking to increase the knowledge and education levels regarding the Crypto world in the African people.

5 lakh SAFCOIN tokens are available to the investors only for just R70 per token. It is with a South African bank account.

Registration procedure

● Visit the website
● Select ‘Buy tokens now’ option
● Read the terms and conditions carefully
● Select the tokens how many you want to purchase
● Then choose a verification method. Like email or text message. Because you need to enter a one- time password.
● Then pay by cash deposit/ EFT

By this way, uers can register yourself and can be an investor. Tokens can be migrated to the SAFCOIN cryptocurrency exchange world.

Ferreira is also saying that cryptocurrency is a store of wealth and it is payment processing system to facilitate affordable payments.

They have opened a call center for getting assistance and support to the local people of South Africa. Support is provided in different languages to reach the people to understand. More than 400 e-commerce businesses have indicated that they will accept SAFCOIN as payment, while FHM continues to engage with other retailers.