- Bank of Russia opposes legalization of cryptocurrency
- Japanese travel agency starts accepting Bitcoin payments
- Bitcoin’s technical view doesn’t look well for buyers
Over the course of the past months we could have heard upbeat stories when it comes to the cryptocurrency from Russia. Many industry observers have waited for legalization of cryptocurrency but it looks that they will have to wait more than they would like. Namely, the head of the Central Bank of Russia has spoken against the legalization of cryptocurrency at a meeting between President Vladimir Putin and representatives of the Russian business circles and associations. Meanwhile, the finance ministry is drafting a bill to legalize cryptocurrencies such as Bitcoin and regulate their circulation. Thus, there is a dispute between the central bank and the finance ministry which is worth keeping a close eye going forward.
While the Chinese economy tries to ban any proliferation of the cryptocurrency activity, the Japanese begs to differ. Cutting to the chase, H.I.S., one of the largest travel agency in Japan, will start accepting Bitcoin payments on September 23 at some of its stores via Japan’s largest bitcoin exchange, Bitflyer. The transaction amount for purchases will be limited to the equivalent of 2 million yen. The companies claim that H.I.S. is the first major company in the Japanese travel industry to accept the digital currency.
Looking at a technical view of Bitcoin one could say that the price hasn’t been able to break $4066 which seems to be a relevant resistance at least in the short-term. Thus, a test of $3500 could be likely and if sellers are sufficiently determined to move lower, it could result in a major ’clash’ in the vicinity of 200DMA.
Other news worth looking at:
- Bitso, the Mexican Bitcoin exchange, raises digital currencies for Mexican earthquake’s victims
- Bitnovo, the Spanish Bitcoin payment platform, announced residents from Spain can now purchase redeemable Bitcoin cards at fifty Carrefour retail stores located across the country