Name Price24H (%)
Bitcoin (BTC)
$13,128.35
2.75%
Ethereum (ETH)
$417.54
6.24%
XRP (XRP)
$0.261997
3.98%
Litecoin (LTC)
$54.83
3.36%
Cryptocurrency Exchanges not Regulated in China
HOT UPDATES, NEWS

Cryptocurrency Exchanges not Regulated in China

On Oct. 30, a crypto analyst claimed that a photograph of a cryptocurrency trading license issued by the Chinese government has leaked, indicating that crypto exchanges are allowed to operate within China.

Join the fastest growing network on Telegram

However, Zhao and other investors based in China including Primitive Crypto founder Dovey Wan said that it is a basic generic business license containing the phrase “trading services” and that it does not represent a crypto trading license for local companies.

Major crypto markets in Asia and Africa in the likes of Nigeria, Uganda, Japan and South Korea have also started to adopt clearer regulatory frameworks to govern cryptocurrency and blockchain, paving a pathway for long term growth for startups.

READ  Africa, the Next Green Pasture for Blockchain
Leave a Comment

Your email address will not be published. Required fields are marked *