Venezuela plans to release another Cryptocurrency, Petro gold, this week, which will be secured by gold. Last week, the country successfully launched the sale of tokens, confirmed by oil reserves. Previously, Venezuela planned to launch its own Petro, provided with oil, gas, gold and diamonds, Interfax reports. “I’m going to…
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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 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…
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-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…
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…
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.…