Bitcoin News 1 October 2017 - Japan, Setting the Trend for Bitcoin

Japan's Financial Services Agency (FSA) has issued operating licenses to 11 bitcoin exchanges, will a number of them still awaiting approval. In Japan, even the man in the street has an opportunity to grow wealth and embrace a new way of investing.

Mainstream media outlets such as Bloomberg report that Bitcoin is the latest Buzz word amongst investors. "Betting that cryptocurrencies will ultimately revolutionize the world just as electronics and the internet did, investors are now casting a wide net to try to find the next Amazon.com -- with perhaps not enough scrutiny to avoid this era’s Pets.com. For investors who find bitcoin or ether too risky, an alternative is buying shares of publicly-traded companies tied to the sector, said Lisa Ellis, an analyst at Sanford C. Bernstein & Co."

IMF chief Christine Lagarde told attendees at a recent conference in London that she thinks "it may not be wise to dismiss virtual currencies." Best not to ignore.

Other news headlines:-

Following on from China, South Korea’s Financial Services Commission has announced that all initial coin offerings (ICOs) will be banned in the country. The ICO regulation wave has begun with more countries issuing guidelines.

Much activity in the US on the go:-

The acting comptroller of the currency for the U.S. Treasury Department has said he is open to the idea that banks might one day conduct business in bitcoin and other cryptocurrencies.

The U.S. Securities and Exchange Commission (SEC) told gold fund management firm VanEck that it will not review the firm’s registration statement for a Bitcoin ETF. There are a number of ETF's waiting for SEC approval, including the Winklevoss Twins Bitcoin Fund ... which one will be the first?

The 2018-2022 Draft Strategy Plan by the US federal agency that oversees the country's credit union industry, and largely focuses on the economic trends that will shape US credit unions, stated that cryptocurrencies pose risks and rewards for their industry.

A blockchain working group within the US State Department is hosting an event in Washington, DC, next month - the US government getting behind blockchain technology.

Smartphones are coming to a blockchain near you, Futuretech on BitVault

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