Cryptocurrency Exchange

CEX.IO Confirms Support For The Ethereum Constantinople Fork


One of the first cryptocurrency exchanges known as CEX.IO has just gone forward to proclaim that it will be an assistant to the Constantinople tough divergence that is created for the Ethereum. At the instant, the company is producing the required mechanical alterations that will allow users to let the provision necessary for the Constantinople upgrade.

The exchange has been an important issue that has remained as a part of the Ethereum roadmap for a lengthy period, one that has previously been set to happen at particular block tallness that must be of about 8000,000. This specific block is anticipated to be attained at somewhere on the 18th of January 2019. CEX.IO along with other cryptocurrency exchanges in the market, this is such as Huobi Global, Bitbox, OKEx and Binance have all are prepared to initiate their present backing of the Constantinople hard fork.

CEX.IO offers adequate safety and is one of the most important when it comes to bitcoin stages around the world. CEX.IO customers have a higher degree of self-assurance and faith in the corporation. Contingent on the explanation type, CEX.IO might need much more variety of forms of documentation to confirm and authenticate the account.

One of the most problems around Ethereum within the previous few days was associated with Lubin talking concerning the tip of the market knowledgeable by virtual currencies. All the same, he received many critics thanks to some reports oral communication that ConsenSys was reaching to hearth between five-hundredth to an hour of its workers.

At the time of inscribing this article, Ethereum is listed around $142. It conjointly contains a capitalization of $14.79 billion. Since its bottom, Ethereum was able to register an increment of seventy-fifth. However, the virtual currency remains nearly ninetieth down from its incomparable high recorded at the start of the year. Antecedently CEX.IO conjointly had a apprehend of our client (KYC) policy. However, the verification wasn’t obligatory. Consistent with a journal post from Gregorian calendar month 2015, customers may prove their identities to unlock extra options, like extending their card payment limits up to $30,000, victimization bank transfers and retreating up to $10,000 daily and $100,000 monthly. The last year 2017, the EU, as well as U.K, has combinable stated that they are preparing a clampdown on cryptocurrency empowered AML and tax dodging. The augmented guidelines, in line with orders in the European Nations, are envisioned to reduce the quantity of secrecy likely for cryptocurrency traders.

In October, U.K. Economic Secretary to the Treasury Stephen Barclay said:

“The U.K. government is currently negotiating amendments to the Anti-Money Laundering directive that will bring virtual currency exchange platforms and custodian wallet providers into Anti-Money Laundering and counter-terrorist financing regulation, which will result in these firms’ activities being overseen by competent national authorities for these areas.”

Leave a Comment

Your email address will not be published.

You may also like