The post Australian exchange Blockbid to outsource coin auditing to Australia’s Nugget’s News appeared first on CoinReport.
Blockbid COO David Sapper believes the hype surrounding Bitcoin and other cryptocurrencies is just getting started, and will one day permeate our everyday lives.
‘More Mainstream Adoption in the Coming 18-24 Months’
Plenty of people are feeling the Bitcoin blues these days — and understandably so. The first and foremost cryptocurrency has plummeted from all-time highs challenging $ 20,000 to a yearly low below $ 6000.
Still, even though an undeniable bubble obviously popped at the onset of 2018, the hype surrounding Bitcoin 00 hasn’t even come close to reaching a fever pitch. In fact, according to Blockbid COO David Sapper, “the hype has barely even begun.”
The post AUSTRAC approves license for Blockbid, Australia’s first insured exchange appeared first on CoinReport.
Blockbid is now registered with the Australian Transaction Reports and Analysis Centre (Austrac). This makes it only the third company granted permission to legally operate as a cryptocurrency exchange in Australia since new regulations came about last week.
Austrac has approved an application by cryptocurrency exchange Blockbid, in accordance with the new regulatory powers given to it starting 3 April 2018. The platform’s main differentiating feature compared with most other marketplaces is providing insurance to users against any potential cyber-attacks. It also plans to offer the ability to trade with at least seven different fiat currencies in the next 6-12 months, with four available during an upcoming beta launch.