China’s Central bank officially sets upon regulation of all crypto-related activities and businesses introducing new frameworks aimed to crack down on all aspects and services of Bitcoin trading in both Mainland China and Hong Kong.
China will likely resume cryptocurrency trading after licensing exchanges as measures for cryptocurrency market regulation.
Taiwan’s authorities refuse to follow the examples of China and South Korea in banning ICOs and join Japan in its bitcoin-friendly approach.
The value of the digital currency continues its upward trend, despite Chinese crackdown on virtual money and uncertainty regarding SegWit2x activation.
According to project founders, the initiative will help to bring greater transparency and accountability for funds raised via initial coin offerings.
South Korean Financial Supervisory Service follows the recent move of China announcing ban of initial coin offerings.
It seems, that bitcoin finally gains momentum after the succession of equally infamous and disturbing news about China’s decision to ban ICOs and shut down all bitcoin trading.
While Chinese regulators are moving closer to shutting down bitcoin trading in the country, traders seem to have a way to work around.
Bitcoin is trading below $4,000 as the tightening regulation and negative comments from industry leaders keep investors worried about the cryptocurrency’s future.
The People’s Bank of China recently announced its decision to introduce a complete ban on ICOs, a stunning move that sent shockwaves throughout the world. The global blockchain is abuzz, parsing this decision and its potential consequences.
The weekend brought some unsettling news that shook global ICO markets.
Rumors about Chinese government’s plans to ban trading of bitcoin and other virtual currencies on domestic exchanges no longer affect Bitcoin price.