Binance to Launch Fiat-to-Crypto OTC for Chinese Yuan in October
Binance confirms plans to roll out its over-the-counter trading platform for Chinese yuan in October Go to Source Powered by WPeMatico
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Changes Afoot for Philippine Crypto-Friendly Economic Zone
The special economic zone in the Philippines known for its crypto friendliness is undergoing some changes. Government-owned Cagayan Economic Zone Authority (Ceza) is investigating a case involving one of its licensed crypto exchanges after a tip from the Chinese government. The authority has also issued new directives to all of its licensees, including 40 crypto … Read more
Bobby Lee: Chinese Always Saw Bitcoin as Investment, Not for Payments
Bobby Lee, co-founder and ex-CEO of China’s first crypto exchange BTCC, says the Chinese have always seen Bitcoin as an investment rather than as a payment system Go to Source Powered by WPeMatico
Binance Makes First Chinese Investment Since Leaving Country in 2017
Binance makes its first strategic Chinese investment by participating in a $200 million funding round in crypto publication Mars Finance Go to Source Powered by WPeMatico
Crypto News From Asia: Sept. 9–15
This week’s selected cryptocurrency and blockchain news from Japan and China, courtesy of Cointelegraph Japan Go to Source Powered by WPeMatico
Report: Philippine Police Raid Alleged Cryptocurrency Scam, Arrest 277
Philippine authorities have reportedly arrested 277 Chinese nationals that were working at an alleged cryptocurrency scam firm Go to Source Powered by WPeMatico
At Least 19 Central Banks Give Way to Monetary Easing As Economy Slows
In a coordinated fashion, more than 18 central banks worldwide have or plan to cut interest rates, sparking a domino effect of monetary easing. It’s been 10 years since the world has seen central planners orchestrate such harmonization in an attempt to save the economy from a deep recession. Also Read: Money and Democracy: Why … Read more
Chinese Authorities Plan Crackdown on Crypto Mining in Inner Mongolia
Chinese regulators look to new regulation for crypto mining in Inner Mongolia Go to Source Powered by WPeMatico
Crypto Facilitates Money Transfer for Restricted China
Crypto is not illegal in China, but it is illegal for banks and financial institutions to deal in crypto. It’s also illegal to send or receive over $50,000 in fiat money without government permission. Restrictive banking regulations, international trade wars, and a surveillance state in the midst of political unrest mean that transferring money can … Read more
Chinese Police Reportedly Close Office of ICO Startup
Offices of Chinese initial coin offering startup GXChain have reportedly been closed by local police Go to Source Powered by WPeMatico