By Polypantomath, Daniel Jee & Liam Bussell

This is our second Community update for the week (Our Community is busy!) This time we focus on the wider Russian area and also Korea. So, without further ado, here is your weekly roundup.

Korea news summary

Along with the recent regulations in US and China, the Korean government is putting some guidelines in place.

For now, we know they are trying to strengthen AML policy by making the banks, who are trading with exchanges, responsible for the KYC process.

Also, they will be putting tighter reporting procedures for payment service providers sending overseas payments through cryptocurrency.

Link:

CIS News Summary

That bitcoin was almost the next historical maximum of $5000 but due to the sell wallets near this price, this maximum was not reached. There were a lot of physiological discussions on this topic and betting what will be with the price and if it falls till what level. Also, people talked about ETH growth and do forecasts. Return of BTC-e exchange and the terms how they will return the money, many people were in general happy that it will be allowed to withdrawal 55% of balance in coins after the written refusal from any claims to the exchange and 45% in tokens, based on the promise of the NTC-e exchange representatives they plan to launch again the exchange not later than September 15th. One of the most discussible questions were that China has officially declared ICOs as an illegal method of raising money. People got panic and started to sell different tokens and discuss what will be on this date the whole market was red. Long term investors were very concerned some ICO’s were cancelled due to new that organizations and individuals are no longer permitted to conduct ICO campaigns and token sales. Most of them were asking projects if they have permissions to operate and if their conducted ICO was legal, a lot of projects probably can suffer as some backers will be afraid to support.

4. Waves platform conducts new forecasts and people like to participate in it and discuss options

5. News that soon will be announced the legal status of Bitcoin in Ukraine also gave ground for discussions, a lot of jokes and concerns at the same time.

6. In Russia government tries to take under control the cryptocurrencies and started to issue different new releases , one of the last one was that they want to forbid home mining of cryptocurrencies — this gave big wave of discussions, jokes and concerns.

7. Refusal of Bitcoin Core and F2Pool from SegWit2x

8. People talked about Litecoin tests with n0 commission fee for transactions

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