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CryptoYuan

Venezuela starts pre-sale of national cryptocurrency – Petro

The first national crypto currency in the world is equated to a barrel of oil, therefore its price recommended by the Venezuelan government is $ 60. During the pre-sale, investors will be able to purchase 38.4 million Petro. Experts are skeptical about the initiative of President Nicolas Maduro, considering the…

JPMorgan: Cryptocurrency is unlikely to disappear

Ambiguous predictions JPMorgan bitkoinam saved. The leading US bank, specializing in assets, issued the so-called bitcoin-bible for investors. In it, the authors acknowledge that the Crypto-currency will not go anywhere, but at the same time they warn investors about a significant reduction in the price of BTC (more than 50…

Australian Bank CBA Bars Cryptocurrency Buying on Credit Cards

Australia’s largest bank has banned its customers from buying cryptocurrencies like bitcoin using its credit cards, starting today. Citing a lack of regulation and high volatility of cryptocurrencies, the Commonwealth Bank of Australia (CBA) has discontinued credit card purchases of cryptocurrencies. The curb will also extend to Perth-based Bankwest, a bank…

Government of South Korea: It will no hard regulation of the market of cryptocurrency

The South Korean government has confirmed that it completely refuses any plans to tightly regulate the crypto currency market through bans and plans to focus on improving trade transparency. Today, South Korean Minister Hon-Ki Ki published on the official website of the government a report on the further development of…

Bitcoin Sees Bull Reversal Ahead of Chinese New Year

Bitcoin looks set to test the $10,000 mark soon, as per technical analysis, although some investors fear the Lunar New Year may play spoilsport. Ahead of New Year holidays (starting Feb. 15), Chinese and South Koreans often exchange bitcoin for fiat currencies (to fund increased spending), and bitcoin (BTC) tends…

In South Korea, new crypto-exchanges continue to open

The problems with the opening of bank accounts and the receipt of services of fiat deposits did not become an obstacle to the opening of new crypto-exchanges in South Korea. Since the introduction of the new real-name system, only customers of the four largest Korean crypto-birts can enter and withdraw…

Japanese mining showroom.

It is also the largest cryptocurrency farm in Japan. The Japanese e-commerce company DMM started the launch of such a farm. According to representatives of DMM, their mining projects are the best in the Japanese market. Now the company plans to create similar mining enterprises around the world. In addition,…

China’s State Media Takes Aim at Crypto Trading, ICOs

China’s state-own news agency appears to be stepping up its rhetoric on over-the-counter (OTC), crypto-to-crypto trading and overseas initial coin offerings (ICOs) that still remain active in the country, calling them an attempt to bypass existing regulation. In a news report published Feb. 12, the Xinhua News Agency, detailed how purchasing…

IMF Chief Lagarde: Global Cryptocurrency Regulation Is ‘Inevitable’

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…

China to start direct trading between Yuan, Thai baht

  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…

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