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China cryptocurrency exchange ban

china cryptocurrency exchange ban

regulators said it was not giving up on blockchain technologies, which ironically is used today primarily as a ledger for recording transactions in cryptocurrencies. Bitcoin latest: prices, policies and politics. From a regulatory perspective this is an inferior solution because it's much harder to aditya forex pvt ltd ahmedabad prevent money laundering.". China banned both ICOs and cryptocurrency exchanges in September, but trading by individuals has remained a murky area with many businessmen relocating to Hong Kong or Japan while still raising funds from mainland investors. The government plans to block domestic access to homegrown and offshore platforms that enable centralized trading, the people said, without being more specific about how policy makers define such platforms.

If so, the.S. China and have moved to Singapore, Hong Kong, and South Korea.

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In London, according to Bloomberg composite pricing. One commentator said authorities would always be concerned about problems that could arise from a lack of supervision over blockchain technologies. According to anonymous sources, the government now plans to block domestic access to homegrown and offshore platforms that enable centralized trading while remaining silent on how policy makers define such platforms. Read more: A QuickTake Q A on the Chinese clampdown. As attention focuses on South Koreas regulatory battle with cryptocurrency trading, Bloomberg reports that across the border, where official crypto-to-fiat exchanges have been banned since September, exchange -like services are now also on officials radar. While the sources told Bloomberg that small peer-to-peer transactions arent being targeted, it remains to be seen whether the Localbitcoins phenomenon forms part of the investigation spectrum. Financial News, a publication affiliated to the Peoples Bank. "The only change is that for the moment the funds will move in and out of local currency via P2P transactions instead of via direct deposit.

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