Kraken Exchange to Re-Launch in Japan – September 22

📈 30 Second Cryptocurrency Price Summary

Current Bitcoin Price$10,496

Bitcoin price has stabilized around the $10,500 from its drop yesterday, now consolidating in a $250 range.

Top-20 altcoins have also leveled off in price, as Ethereum and XRP each regain almost 1% a piece, while Binance Coin and Tezos recover 4% and 6%, respectively.

Top Stories for September 22, 2020 🔥

👉 Kraken Exchange to Re-Launch in Japan

American cryptocurrency exchange Kraken has announced that it will be re-launching in Japan, following a 2-year break.

Kraken say that they closed their Japanese exchange in 2018 in order to focus more closely on their more rapidly-developing markets in other countries – however they now see Japan as “ripe for re-entry”.

Traders in Japan can already open new accounts on the exchange, however funding and trading will commence sometime within the next few weeks.

👉 US OCC Says Banks Can Hold Stablecoin Reserves

The US Office of the Comptroller of the Currency (OCC) has released official guidance which clarifies that national banks can hold reserve funds for stablecoin issuers.

According to the guidance documents, a bank holding such reserves must verify “at least daily that reserve account balances are always equal to or greater than the number of the issuer’s outstanding stablecoins”.

👉 to Develop Apps for China’s Central Bank Digital Currency, a Chinese e-commerce giant, has been reported to be assisting the Chinese central bank develop infrastructure for its central bank-issued digital yuan.

The development will involve a digital wallet, as well as online and offline functionality for the currency and its apps.