Implications of US Securities and Exchange Commission and Japanese regulation of digital currency exchanges GVC-EA decisions and restrictions on cryptourrency market and the correlation of LTC price.

The digital currency LTC rose more than 1 percent, or nearly $ 1 on Monday, topping $ 75 to see its rebound for the third straight session since November 29 as part of a correction to the extended retail sales of digital assets since the beginning of this year.
At 5:35 GMT, the LTC rose 1.25% to $ 75.570 compared to the opening level of $ 74.639, after reaching a high of $ 76.789, while its lowest at $ 74.638.

US Securities and Exchange Commission is asking for more

Last week we followed some reports that the US Securities and Exchange Commission (SEC) is seeking information on the fees imposed on digital currency trading. Brokerage companies that provide currency trading services should follow the report issued by the Authority. The fee will include trading, financial transactions and the offering process. The TRA also asked companies to clarify the agreements.

In the same vein, we have also recently followed the United States, the world's largest digital asset market.
The Securities and Exchange Commission (SEC) again rejected the complaint filed by Winklefuss about the previous rejection of the world's first digital currency trading fund by market capitalization Previous year.

Japan have more limits for volume exchanged

We also followed last week by Japan, the world's second-largest global digital asset market, to report that the local association for the regulation of digital currency exchanges GVC-EA will oblige its member companies to limit trading activity to some customers with maximum limits on volumes traded By stock exchange customers.
The aim of these policies is to prevent investors with "small assets" from incurring heavy losses and solving basic day-to-day expenses, while the report does not specify the limits to be set or a specific figure for small assets. Finance FSA to approve those policies and obtain an official recognition of the association as a self-regulatory body under the Payment Services Act.

Nevertheless LTC first lunching in the first half of 2013 at about $ 3 and achieved its lowest ever without a $ 1 barrier in the first half of 2015, before experiencing peak earnings momentum in the last month of 2017 following the $ 100 barrier for the first time in 29 From November, before reaching its highest on December 19 at $ 370.78, followed by a rebound below the $ 100 barrier on the 12th of last month and its lowest since November 29 at $ 72.503 On 29 June.