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Crypto regulation in Russia, China and India was very confusing in 2019. Should we expect more clarity in 2020 from these developing economies? Go to Source Powered by WPeMatico
On January 1, the BTC network hashrate touched an all-time high at close to 120 exahash per second (EH/s). Despite the crypto market lull and lower BTC prices, the 2020 milestone happened just before the blockchain’s 11th anniversary. BTC’s curious jump in hashrate has the cryptosphere wondering whether or not the price truly follows hashpower. … Read more
Issuing a national digital currency could prevent losing the economic war with China Go to Source Powered by WPeMatico
China adopts crypto law two months after official approval as digital currency plans continue to evolve Go to Source Powered by WPeMatico
The China Foreign Exchange Trade System (CFETS) announced that effective January 1, 2020, the system “will adjust weights for CFETS RMB Index,” decreasing the weighting of the USD for the second time in the currency basket’s history from 22.40% to 21.59%, and increasing the Euro from 16.34% to 17.40%. The change could signal further disassociation … Read more
In this roundup, we cover Russia’s supreme court recognizing tokens as assets like money and property, France’s new crypto regulatory framework, and several industry developments in China, including a blockchain ETF filing. We also cover Japan’s world conference for decentralized financial governance, Uzbekistan’s crypto ban, and four countries’ central bank digital currency updates. Also read: … Read more
The global focus continues to shift toward China’s digital currency plans. Despite a genuine lack of information, it certainly poses many different threats. Rumors regarding a digital yuan have persisted for years now. China’s Digital Yuan is More Than Just a CBDC Only a few months ago, it became apparent this was more truth than … Read more
Chinese Bitcoin mining farms feel pressure from local authorities to scale down their mining operations during the dry season Go to Source Powered by WPeMatico
China has been changing its attitude towards blockchain, eventually coming to praise the emerging tech Go to Source Powered by WPeMatico
Securities regulators are considering an application for China’s potentially first blockchain-focused ETF Go to Source Powered by WPeMatico