Kraken Relaunches Trading Services in Japan – October 22

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$12,955

Bitcoin price touched above the $13,000 mark on multiple occasions today, as its significant bull-run continues.

Top-20 altcoins have now also joined the party, as Ethereum gains over 9%, XRP 5%, and Litecoin stands out with a 12% rise over the last 24 hours.

Top Stories for October 22, 2020 🔥

👉 Kraken Relaunches Trading Services in Japan 

Cryptocurrency exchange Kraken has finally relaunched trading services for Japanese customers, after two years.

Kraken shut down its service in Japan in 2018, as regulations in the country tightened following a $530 million hack of another cryptocurrency exchange.

The reopening to Japan is part of a larger move by Kraken to expand into the Asia-Pacific region.

👉 PayPal May Issue its Own Digital Currency, According to CoinShares CSO

CoinShares CSO Meltem Demirors has stated that he “wouldn’t be surprised” if PayPal launched their own digital currency within the next 6-12 months.

The remark came after PayPal announced it would support cryptocurrency purchases, sales and spending yesterday.

👉 CFTC Publishes New Guidance for Futures Commission Merchants

The Commodity Futures Trading Commission (CFTC) has published new guidance for futures commission merchants (FCMs), outlining how they must hold virtual currency.

The guidance specifically concerns physically-delivered futures contracts and swaps, and is designed to address the additional custodial risk associated with holding digital currencies on behalf of customers.

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