Global Markets: Japan cracks down on cryptocurrencies

By Commodity News Service Canada

WINNIPEG, Mar. 8, 2018 – Canadian steelmakers may be able to breathe a sigh of relief after reports surfaced Wednesday night indicating the U.S. would exempt Canada and Mexico from planned tariffs. U.S. President Donald Trump is expected to formalize the plan Thursday afternoon. At this stage it appears the exemption would only last for 30 days or until a new North American Free Trade Deal has been signed.

Transcontinental Inc. is getting into the candy snack packaging business. The Quebec-based marketing and publishing firm has acquired Multifilm Packaging Corp, an Illinois based company that specializes in twist wraps, bar wraps and pouch film. Financial terms of the deal weren’t released.

Cryptocurrency exchanges in Japan are under increased scrutiny after a massive hack in January cost some users $530 million. The Japanese government has temporarily closed down Bitstation and FSHO and slapped administrative penalties on five other exchanges. Like many other governments, Japan is trying to figure out a way of monitoring and regulating the cryptocurrencies which have exploded in popularity.


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