
Taking strong interest in blockchain, cryptocurrencies, and IoT, Tatsiana Yablonskaya got deep understanding of the emerging techs believing in their potential to drive the future.
Bitcoin price recovers as Chinese authorities and bitcoin industry push for regulatory alliance.
Bitcoin is currently strengthening its positions. The cryptocurrency is traded at $1,127 as of the moment of writing, according to the CoinMarketCap.
The price recovery comes amid speculations among investors that the Securities and Exchange Commission (SEC) will approve at least one of the three proposed bitcoin-focused exchange-traded funds. The doubts are expressed by Wall Street analysts who don’t believe that any will be approved.
Bitcoin has risen more than 40% since January following the news from China and despite the information that country’s largest exchanges would begin charging a flat fee of 0.2% on all transactions and that two of China’s largest bitcoin exchanges were blocking withdrawals.
Almost immediately after withdrawals on Huobi and OKCoin, leading Chinese exchanges, were disabled, LocalBitcoins China trading volumes began to surge. Bitcoin traders started looking for ways out of the situation and apparently flocked to peer-to-peer marketplaces to continue buying and selling the cryptocurrency.
Reportedly, last week a meeting was held between the officials from the People’s Republic of China (PBoC) and the representatives from leading Chinese bitcoin exchanges at the Museum of Internet Finance. They gathered together to discuss compliance and explore ways in which the latter can comply with the country’s regulations and form a regulatory partnership.
EconoTimes reports that the parties focused on ten key points during the meeting:
Star Xu, OKLink founder and CEO, commented that these measures will contribute to the creation of healthy environment in the industry as a whole.
Taking strong interest in blockchain, cryptocurrencies, and IoT, Tatsiana Yablonskaya got deep understanding of the emerging techs believing in their potential to drive the future.