The price of Bitcoin has fallen to its lowest value in five months as uncertainty surrounding the cryptocurrency’s future in China continues.
China is poised to pass new national security laws for Hong Kong that could plunge the semi-autonomous territory into its deepest turmoil since it returned to Chinese rule in 1997. The Hang Seng index is down.
It has come to light that Australia has given a banking license to a new online-only banking firm – Xinja Bank. This way, Australia allows the new banking startup to compete against the four largest companies that dominate this sector.
While U.S. and European banks ban buying bitcoin with credit cards, Australia’s biggest banks have confirmed that they are not barring customers from purchasing cryptocurrencies.
Thirteen top banks, including Citi, Bank of America and Deutsche Bank, have joined a consortium led by financial tech firm R3 that is developing blockchain technology for the financial industry.
The price of Bitcoin has fallen to its lowest value in five months as uncertainty surrounding the cryptocurrency’s future in China continues.