South Korea’s central bank is moving ahead with research into digital currencies and has set up a legal panel to advise on possible regulatory sticking points. Square, for instance, told a photography store it would start holding 30% of each of its transactions for 120 days “to protect you and Square from unexpected loss events.” ( WSJ) You can subscribe to this and all of CoinDesk’s newsletters here.Įlsewhere, payment processors like Square and PayPal are limiting access to their customers’ funds, creating reserve accounts and planning ahead for a period of increased refunds, according to The Wall Street Journal. You’re reading Blockchain Bites, the daily roundup of the most pivotal stories in blockchain and crypto news, and why they’re significant.
Meanwhile, Mason Privatbank Liechtenstein AG is the latest private bank to offer digital asset custody through a partnership with Hong Kong-based Hex Trust. analysts noted bitcoin’s success in outperforming traditional assets in March on a volatility-adjusted basis, and also found liquidity on major bitcoin exchanges was more resilient than for traditional assets such as equities and gold. In an investor note, JPMorgan Chase & Co.
