Bitcoin – It’s Big in Japan
Japan has become a bit of a haven in the East for Bitcoin with its receptive approach to the digital currency. #ADOPTION Go to Source Powered by WPeMatico
China
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China Introduces New Rules for Bitcoin Mining Operations
Most people are well aware of how the majority of Bitcoin mining takes place in China. Not only is this a centralization problem, it also means China is still dictating the Bitcoin landscape to a certain extent. Last week, news broke that the Chinese government was cracking down on Bitcoin mining. It seems a portion of that … Read more
Chinese Authorities Ask Local Miners to Submit Monthly Status Reports
Xinjiang Province regulators have issued an official document informing local bitcoin miners to submit status reports on a specific schedule. Also Read: Japanese ‘Virtual Currency Girls’ Spreading Cryptocurrency Knowledge An Orderly Exit Bitcoin mining companies were told to write a status report before Jan. 5, according to a government notice signed by a Xinjiang … Read more
Vietnam Expedites Cryptocurrency Legal Framework – Ready End of January
The government of Vietnam has taken steps to accelerate the adoption of cryptocurrency regulation that will affect Bitcoin. The executive power in Hanoi has insisted that the framework should be ready by the end of January. Amendments to the tax code are expected to help tap into proceeds from “virtual property and digital money”. Also … Read more
Bitcoin Miners Could Face Power Restrictions in China
Mining operators have benefited from cheap power in China, but that could change in the future. #MINING Go to Source Powered by WPeMatico
Canadians Harness Wind to Mine Bitcoin – in Romania
Canadian investors have decided to put money and effort into a wind-powered crypto mining undertaking in Romania. To make it happen, they have finalized a deal to acquire a wind farm capable of producing enough energy to light the bulbs in over 30,000 homes. Driven by enthusiasm about the project, they have even added “Blockchain … Read more
BTCC Founder Positive the PBOC Will Remove China’s Exchange Ban
This week the founder and CEO of the trading platform BTCC, Bobby Lee, was featured on the broadcast ‘Squawk Box’ and spoke about last year’s banning of Chinese bitcoin exchanges. Lee believes that it’s “only a matter of time” until the central bank will allow cryptocurrency exchanges to open up shop again. Also Read: These Dutch … Read more
Wall Street Buzz: Merrill Lynch Bans Bitcoin For Its Clients
While Wall Street continues to slowly incorporate Bitcoin, Merrill Lynch has decided to go the other way, banning its advisors from buying Bitcoin-related investments for their clients. #ANALYSIS Go to Source Powered by WPeMatico
Chinese Cryptocurrency Exchanges Delay Launching in South Korea Due to Regulation
Two major Chinese cryptocurrency exchanges have delayed their launches in South Korea due to uncertainties surrounding the government’s regulation. The regulators are currently working on a real-name identification system that will end the anonymous trading of cryptocurrencies in the country. Also read: Russian Cryptocurrency Bill Is Ready – Regulators Share Details4 A Bump in the Road … Read more
The Bitcoin Exchange That Once Dominated China Is Heading to Japan
At one time the Beijing-based digital currency exchange Huobi was once the largest bitcoin trading platform in China before the central bank stopped domestic exchanges from trading cryptocurrencies. This month Huobi has revealed its carved a deal with the Japanese financial institution SBI Group and will be launching two new cryptocurrency exchanges in Q1 of … Read more