Christine Lagarde, head of the International Monetary Fund, has stated that international regulatory action on cryptocurrencies is “inevitable.” Lagarde, who is the managing director of the international organization that aims to foster global financial stability, said that the IMF’s concerns over cryptocurrencies stem largely from their potential use in illicit…
CryptoYuan
BEIJING, Feb. 2 (Xinhua) — China announced Friday that it will allow direct trading between the Chinese yuan and the Thai baht on its interbank foreign exchange market beginning Monday. The move aims to boost bilateral trade and investment, facilitate the use of the two currencies in trade and…
Ripple has partnered with the Chinese money transfer service LianLian International to process cross-border payments in real time. Under the terms of the transaction, LianLian (Hong Kong) will use xCurrent, a product of Ripple for corporate chains, which the San Francisco firm advertises as a solution for instant payments. Amy…
Advertising declarations concerning crypto currency have banned to appear in the Chinese search system Baidu and social network Weibo. This was due to the fact that the Chinese government is tightening measures against the crypto currency and ICO. On the Chinese information website Sina, which refers to the Financial Times…
2017 was the year of ICO, 2018 has every chance to become a year of crypto-currency regulation. Today, many countries are trying to determine the place in the world for crypto currency, and how to treat it. Some countries show a peace-loving attitude, others – they keep their ears open.…
February 4, Beijing (Xinhua News)- According to the People’s Bank of China, Chinese cryptocurrency investors have headed to offshore crypto activities since the ICO ban last September, considering the various risks of offshore transactions, China is taking a series of regulatory measures. Last year, Chinese regulators make continuing effort to…
China has been taking ever-increasing actions to clamp down on all things cryptocurrency. Starting off by banning ICOs, China ordered a bank account freeze associated with exchanges, kicked out bitcoin miners, and instituted a nationwide ban on internet and mobile access to all things related to cryptocurrency trading. The People’s…
Most Bitcoin operations carried out during the last 30 days in China passed through the state currency Yuan. Bitcoin-China, on the basis of Bitcoin`s exchange, said on Twitter that a total of 71% of transactions were made at certain points by the crypto currency in the territory of the state.…
Venezuelan President Nicolas Maduro announced Tuesday that February 20 will be the date of the pre-sale of the country’s new cryptocurrency, created to outdo the effects of the international blockade imposed by the United States and the European Union. “Six weeks ago I announced the creation of the Venezuelan cryptocurrency,”…
Samsung has started mass producing bitcoin mining chips in partnership with an unidentified Chinese mining company. The news was reported by South Korean news outlet The Bell yesterday, citing unnamed Samsung officials as its source. Samsung was slated to start mass producing the chips – called application-specific integrated circuits (ASICs)…