RATE Group | Weekly update: Important developments in cryptocurrency space
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Weekly update: Important developments in cryptocurrency space

07 Dec Weekly update: Important developments in cryptocurrency space

Posted at 10:13h in Cryptocurrency News by

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2019 is almost over and 2020 is poised to be an exciting year for cryptocurrency and blockchain advancement. Around the world, there will be a lot of changes as governments and regulators continue to reach the same conclusion—digital currency is here and needs to be embraced. Leading up to this next step in the evolutionary cycle, the Bitcoin community is still having to deal with its ups and downs.

The IDAX crypto exchange was forced to stop deposits and withdrawals this week after its CEO suddenly disappeared. The Asian exchange is still trying to sort out the mess, but users could be looking at losses that might run in the millions of dollars.

Russia has a definite love-hate relationship with crypto. The country is having a difficult time coming up with regulations for the space, even though other countries have been able to easily implement new guidance, and has reportedly amassed huge stockpiles in an attempt to circumvent international sanctions. However, the central bank is

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