News to trade on November 15
Do you want to know how Brexit news affected the GBP? What are the indicators to wait for today? How to trade the key currency levels on the current news?
South Korea inspects six financial institutions over customers’ virtual currency accounts
On Monday, South Korea's financial regulator told that it’s jointly executing inspections on six local financial institutions, offering virtual currency accounts to businesses amid soaring concerns that the most active use of assets like bitcoin could provoke a leap in crime.
The joint inspection by the Financial Services Commission as well as and Financial Supervisory Service is going to scrutinize if the country’s banks are adhering to anti-money laundering regulations and utilizing real names for accounts. That’s what FSC Chairman Choi Jong-ku informed at a press conference.
Choi stressed that virtual currency can’t function as a means of payment now, and it’s being employed for illegal purposes like scams, money laundering and fraudulent investor operations.
As for the side effects, they’re severe enough, causing hacking issues at the institutions, which handle cryptocurrency, as well as an unreasonable jump in speculation.
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Another opportunity to trade the GBP
Great Britain will release the level of retail sales at 11:30 MT time on November 15.
Latest news
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On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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