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“To trade or not to trade?” or How Chinese Exchanges Overcome the bitcoin Ban?

*It is a wide-known fact that China had banned bitcoin exchanges. The reason for this ban is the government’s statement that frauds and money laundering took place on the exchanges.* Before these bans, China had a trustworthy role as one of the biggest **cryptocurrency** trading markets. At the same time, this country is ahead with the mining business and became, actually, one of the cente...

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bitcoin Mining Faces Rumors in China

Major bitcoin mining companies in **China** were shocked by the news about power cancelation. Rumors claimed that the power companies are up to cutting off electrical supply of the mining rigs. However, soon after this report was promulgated, the information changed drastically. Sichuan Electric Power company published an article where **bitcoin mining** was indicated as an illegal activity a...

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Is Accepting bitcoin a Reasonable Choice for Banks?

The buzz around the **cryptocurrencies** remains and we understand the mixed feeling about it. Many people still think it is just a bubble, whereas others believe that **bitcoin** is the new fiat. Unfortunately, nobody can predict all perspectives for sure and all we have is a forecast and assumptions. The rapid growth of the bitcoin rate and dozens of successful ICOs made many entrepreneurs...

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Recovering Trust in Digital Currency

...he size and structure of the country’s economy, for any government in the world this scenario could be hardly achievable. However, not for cryptocurrencies. On June 12, several exchanges including Coinbase and Bitfinex registered a 200% rise in bitcoin price that hit an all-time high of $2,983,55, according to BNC Index. The combined market cap of all cryptocurrencies, including also Litecoin...

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How Brokers in China Feel After the Website Blocks

We have already informed you regarding the latest **Chinese website restrictions** that occurred due to lack of information towards the financial regulator. Soon after the government **banned bitcoin and other cryptocurrency exchanges**, followed by the bans of other trade platforms. It affected all FX and trading platforms without ICP certificates. Trading community stated that the access to...

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Virtual Currencies’ Control in Singapore

...cies. Singapore took up an interesting position: this jurisdiction accepts innovations and helps them to develop, and at the same time makes sure that illegal actions using these innovations are limited and reversed. Furthermore, controlling **bitcoin** currency transactions is not an easy task. The **Monetary Authority of Singapore** chose quite a challenge by stating their obligation to co...

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