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Chinese Crypto Currency Exchange BTCC Expands Into South Korea

New reports from China indicate that the country’s first cryptocurrency exchange, previously known as BTC China, plans to expand their services to Korea. The reports claim that the move is scheduled for October 31, 2018. BTCC is an old…
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China Threatens Overseas Tax Havens, Will Investors Flock to Crypto

Since early 2018, the government of China has tightened policies targeting millionaire investors in the country holding their wealth overseas to avoid large taxes, and it may lead local investors to alternative assets like crypto. Chinese investors…
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Chinese Yuan Weakens to Yearly Low Point, Will it Strengthen Bitcoin?

The national currency of China weakened beyond a critical level as political tensions with the US worsened. The yuan dropped below 6.93 per dollar this week, within a striking range of its January 2017 low, owing to a series of negative factors…
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Shanghai Hongkou District Court: Ethereum Is Protected by Law

According to Shanghai Hongkou District Court’s statement in a recent crypto-related case, Ethereum and other virtual currencies are not considered as money. However, they are still protected by the law which views them as “property.” Old…
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ECB Has No Plans to Launch Digital Currency Due to Blockchain Immaturity

The European Central Bank (ECB) is not issuing a digital currency any time soon, according to President Mario Draghi. He’s argued that the blockchain technology is not mature enough for such a level of responsibility and physical cash…
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Australian Blockchain Delegation Heads to China to Foster Fintech Ties

A handful of Aussie blockchain startups are in Shanghai this week, part of a government-backed trade mission that aims to strengthen ties between the two nations in the industry. The Australian Trade and Investment Commission (Austrade), the…
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Chinese Crypto Startup to Offer Custody Service Amid Regulatory Turmoil

Long story short, China’s leading regulatory bodies have recently begun their second crusade against the propagation of crypto assets, imposing a series of harsh rules, laws and advisory messages in a bid to curb the growth of this industry. In…
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Chinese Traders are Still Investing in Bitcoin by Exploiting Crypto Ban

Although the Chinese government has hailed their crypto ban as successful, it appears that traders have found multiple ways to circumvent the ban despite tightening scrutiny on crypto by state regulators. Exchanges are also finding ways to avoid…
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Alibaba Accounted for 10% of Blockchain-Related Patents in 2017

Alibaba Group Holding is worth keeping an eye on for those who believe blockchain technology is the future. The multinational technology conglomerate, led by 53-year-old Jack Ma, has filed over 10 percent of the world’s patent applications…
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Firms in Singapore and China to Benefit from Blockchain Innovation Fund

Chinese and Singaporean companies operating within the fields of ICT and media have received a boost with the launch of a new fund to support collaborations among them. The China-Singapore ICM Joint Innovation Development Fund covers technologies…