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Photo Credit: cointelegraph.com

Crypto Regulation 'Not Close' US Security coordinator claims

Major US govenment figure stated recently that Washington is not 'close' in regulation of cryptocurrencies CNBC reports Feb 16. White House cybersecurity coordinator Rob Joyce told the Munich Security conference that they were still in the 'studying' phase.

“I think we're still absolutely studying and understanding what the good ideas and bad ideas in that space are,” he said on the topic. “So, I don't think it's close.”

The SEC and CFTC are to adpt a hands-off approach going forward.
SEC and CFTC have stated that 'foul play' is their major priority.

“We are worried. There are benefits to the bitcoin concept - digital cash, digital currencies,” he continued. “But at the same time, if you look at the way bitcoin works after there is a criminal act that takes place, you can't rewind the clock and take back that currency.”
March meanwhile is likely to see multiple countries raise the regulation question as part of the G20 Summit in Buenos Aires.

https://cointelegraph.com/news/crypto-regulations-not-close-us-security-coordinator-says-at-conference

Photo Credit: cointelegraph.com

Atari announces crypto token, shares spike

According to Atari's press release earlier in the month Atari will be creating the Atari token, based upon a blockchain-based digital entertainment platform created by Infinity Networks, Ltd. in which Atari bough 17.5% of in stake.
The company is also developing a partnership with Pariplay Ltd. an online casino-gaming company. The casino will offer Atari games where players can gamble with cyptocurency.

Frederic Chesnais, Atari Chairman and Chief Executive Officer, said in a press release,

"Blockchains technology is poised to take a very important place in our environment and to transform, if not revolutionize, the current economic ecosystem, especially in the areas of the video game industry and online transactions [...] Our objective is to take strategic positions with a limited cash risk, in order to optimize the assets and the Atari brand.”

Now, I don't know about you guy's, but I am buying some just because I still remember growing up playing Atari :)

https://cointelegraph.com/news/gaming-company-atari-announces-investment-in-crypto-share-price-spikes

Japan to investigate 15 unregulated exchanges

In light of the recent hack Japans financial division is setting out to investigate 15 unlicensed exchanges in hopes to crack down on the security of peoples investments. Coinchecks $533Mln hack set the tone for how serious security should be for exchanges.
Yet, once again if we had P2P portals, rather than centralized trust based exchanges, it's doubtful we'd have to worry about these kinds of things, because our currency would be stored in cold storage unless we were transacting, and only that transaction would be sent anywhere.. Utilizing SMTs.
FSA said after investigating that-

"Inappropriate management of system risks had become the norm at Coincheck."

This is unexceptable. Shut your exchange down for maintenence if there is fatal flaws. Don't rush. Putting your money above our security is blatant disregard for the magnitude these exchanges are dealing with.

If all exchanges closed their doors right now, would you be safe? Or would your life be on its head?
If the answer is yes, then take your strategies into check. It's time to STOP THE TRUST GAME.
Only you can keep crypto decentralized!
And only you can keep your finances safe!

https://finance.yahoo.com/news/japan-apos-finance-watchdog-inspect-111053804.html

I'm Jeff, and I'm @followbtcnews.
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