The perceived reluctance by government and regulatory bodies towards cryptocurrencies is largely due to the relative anonymity that surrounds the entire crypto ecosystem among other reasons.
China will likely resume cryptocurrency trading after licensing exchanges as measures for cryptocurrency market regulation.
BTC-e trading platform announced its official rebranding and the new exchange domain Wex.nz on September 15. In its welcome statement the company shares the details of the reopening assuring they are fully AML/KYC compliant.
The public often feels somewhat split about the new advances in technology – they can be both exciting and daunting. Some inventions enter the mainstream almost overnight, and for others, it takes time to adjust and adopt. One example of such harder to comprehend innovations can be seen in the phenomenon of cryptocurrencies and their rise as a medium of exchange.