Following are the major Bitcoin news of the day
Singaporean Exchange BitX Welcomes Bitcoin Regulation
Singapore-based Bitcoin exchange BitX believes to have increased regulations in the digital currency sector, the company said upon receiving an additional funding of $4 million. According to its business development officer, Werner van Rooyen, having a strict legal framework can help Bitcoin companies like them achieving better service standards and can overall boos the adoption of Bitcoin. You can read the full report here.
Major French Back Seeking Bitcoin Developer
Societe Generale (SocGen), one of the largest banks in France, has posted a job ad in which it is seeking a programmer with deep knowledge of financial technologies like Bitcoin and Blockchain. According to its notice, published July 2nd, the new appointment will be employed in SocGen’s research and development on disruptive payment means where he/she will be required to create a Proof-of-Concept algorithm, as well as to engage with FinTech communities to gain quantitative information. You can read the full report here.
Australian Regulator Suspends Bitcoin Group’s IPO
The Australian Securities and Investment Commission (ASIC), an Australian body that regulates financial activities, ordered to temporary stop the Bitcoin Group’s initial public offering. The body however never left any reason to take such a drastic action against the Bitcoin mining company. You can read the full report here.