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Alibaba Subsidiary Taobao Bans listing of Cryptocurrency and ICO Services

Taobao, often known as eBay of China has updated their policy banning Cryptocurrencies, ICOs, and other virtual currency-related services. Taobao is a subsidiary of Chinese eCommerce Giant Alibaba set up in 2003 where individuals and small business can list items for sale within China. Taobao previously had a ban on the sale of Cryptocurrency Miners and offering Mining Tutorials. In addition to...

Malaysia's Central Bank Slaps Down ICO for Logo Misuse

Malaysia CopyCash ICO

Malaysia's central bank has issued a statement seeking to warn customers and distance itself from the Coinzer cryptocurrency. Bank Negara Malaysia's concern is Coinzer's use of official logos on their proposed physical token. The statement outlines that Coinzer's use of the BNM and Jata Negara logo on their prototype token website and whitepaper are unauthorized, and the project is in no way...

Chinese Politician Suggests a State Blockchain Assets Trading Platform

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Potentially bullish news from China: A high-ranking official has called for a national digital asset trading platform to be established. Chinese People's Political Consultative Conference (CPPCC) member Wang Penjie made the statements earlier this week. The move would follow strict guidelines, with assets undergoing a vigorous "approval system" and users of the platform would also have to undergo...

#CryptoDad CFTC Chairman Plugs that Friday FOMO feeling

Christopher Giancarlo

He's at it again! CFTC Chairman Chris Giancarlo has taken to Twitter to promote informed investment in cryptocurrencies. Is #crypto #FOMO your #FridayFeeling? #DYOR at #CryptoDad — Chris Giancarlo (@giancarloMKTS) March 2, 2018 Giancarlo earned his accolade as Crypto Dad from the crypto community following his opening speech at the SEC Commission on virtual currencies. Drawing upon his own...

China's Internet Finance Watchdog Calls for ICO Awareness

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Chinese authorities may focus on cryptocurrency education, according to a recent report. Last week Beijing hosted China's Internet Finance Association Working Conference, which was attended by a large number of regulatory bodies including representatives from the People's Bank, Chinese Banking Regulatory Commission, and the China Securities Regulatory Commission. Following the conference, the...

Korean Citizen Petition Opposing Cryptocurrency Trading Ban Nears 100,000 Signatures

Nearly 100,000 South Korean citizens have signed a petition requesting the government to prevent the Ministry of Justice from pursuing a potential cryptocurrency trading ban. South Korean Citizens Outraged More than 50 petitions have been submitted to the Blue House, the executive office of the South Korean head of state, the President, and the most popular petition rejecting the Ministry of...

Bitcoin Mining in China is Not Banned Yet, Contrary to Reports

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Throughout this week, false reports regarding the legality of bitcoin and cryptocurrency mining have emerged. Local sources have revealed that bitcoin mining is not banned as of yet. Unconfirmed Reports and Rumors Initially, Sichuan Electric Power Company, released an unconfirmed circular which claimed that the use of electricity to produce and mine bitcoin is illegal. Caijing, an independent...

China Will Likely Resume Cryptocurrency Trading by Licensing Bitcoin Exchanges

Bitcoin price china Cryptocurrency

The Chinese government will likely resume cryptocurrency trading in the upcoming months with necessary Know Your Customer (KYC) and Anti-Money Laundering (AML) systems in place. Earlier this week, Xinhua, the state-owned news publication of China, revealed that the Chinese government is concerned with criminal activities surrounding cryptocurrencies such as bitcoin. It emphasized that...

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