Wilma Woo | Bitcoinist South Korea lawmakers have confirmed cryptocurrency exchanges will become de facto legal January 30 as they enact new laws about anonymity in trading. 6 Banks On Board For Change In its most recent statements, the country’s Financial Services Commission (FSC) confirmed that exchanges must only permit…
CryptoYuan
Tech giant Microsoft and blockchain alliance Hyperledger have joined blockchain-based digital identity initiative, the ID2020 Alliance. Announced during the World Economic Forum at Davos in Switzerland yesterday, the alliance – which aid agency Mercy Corps and the U.N. International Computing Center have also just joined – aims to improve people’s…
In the past 3 weeks, news that the Chinese government was cracking down on ICOs and forcing cryptocurrency exchanges to halt trading has sent the markets tanking. Trading volumes on the cryptocurrency exchanges are down significantly, and the pull-back in activity is not just from the Chinese Yuan and exchanges,…
Observers have the impression that China is buying up a lot of bitcoins and gold right now. The crisis in the stock market began in July, and a massive devaluation of the national currency occurred in August and September. The commission on foreign exchange control ordered to check financial institutions…
The People’s Bank of China (NSC) recently announced the possible launch of its own digital currency. The intentions of the Chinese financial authorities and the technical details of this project are still unknown, however, regardless of the form of implementation of this idea, the consequences for the crypto-currency world are…
American hedge-fund manager James Altusher is considered one of the best specialists in crypto-currencies. During his 49 years he managed to create 20 companies, 17 of which failed. But this did not stop him from learning a lot and writing several books about finance and corporate culture. And more recently,…
In January 2016, the People’s Bank of China announced that it would soon launch its own crypto currency (CryptoYuan), but the official launch date is still unknown. At the same time, the project receives strong support from high-ranking officials, in particular from Wang Yifei, one of the deputy governors of…