Day: May 23, 2019

Ethereum (ETH) Price Could Weaken In Short Term But Remains Supported

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ETH price failed to move above the $265 resistance area and recently declined against the US Dollar. The price traded below the $258 and $252 support levels to start a short term bearish wave. This week’s important bullish trend line was breached with support at $256 on the hourly chart of ETH/USD (data feed via Kraken). The pair is likely to test the $232 support area, where the bulls are likely to emerge. Ethereum price started a short term downward move versus the US Dollar and bitcoin. ETH might test…

Japan to Check Money Laundering Policies of Crypto Exchanges Ahead of FATF Inspection

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Japan’s Financial Services Agency (FSA) is reportedly cracking down on crypto exchanges that offer anonymous transactions or have weak identity verification practices in preparation for inspection by the Financial Action Task Force (FATF) this fall. Nikkei Asian Review reported the development on May 22. The FATF will reportedly send its investigatory arm to review the strength of the Japanese FSA’s anti-money laundering (AML) policies, which includes policy for crypto exchanges and other financial services. Japan reportedly was given the worst possible score for identity verification in financial institutions in a…