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China Is Said to Ban Bitcoin Exchanges While Allowing OTC Trades

September J, 2017

China Is Said to Ban Bitcoin Exchanges While Allowing OTC Trades Order comes amid a broader clampdown on financial risk China is home to nearly a quarter of world’s bitcoin trades China plans to ban trading of bitcoin and other virtual currencies on domestic exchanges, dealing another blow to the $150 billion cryptocurrency market after the country outlawed initial coin offerings last week. The ban will only apply to trading of cryptocurrencies on exchanges, according to people familiar with the…

Forget oil, Russia goes crazy for cryptocurrency

Forget oil, Russia goes crazy for cryptocurrency MOSCOW (AFP) – Standing in a warehouse in a Moscow suburb, Dmitry Marinichev tries to speak over the deafening hum of hundreds of computers stacked on shelves hard at work mining for crypto money. "The form of currency we are used to is about to disappear," predicts the 42-year-old entrepreneur, who also works as President Vladimir Putin's adviser on internet matters. Marinichev is one of Russia's leading crypto-businessmen at the helm of…