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CHINA: Crypto crackdown – is this time different?

Three government-backed industry associations ordered financial institutions not to facilitate virtual currency transactions or provide any related services. But the impact is likely to be modest, as the latest crackdown does not go substantially beyond a previous ban in 2017 …   Become a member to read the rest of this article Username or E-mail […]

Turkey: Ankara bans payments in cryptocurrencies

Turkey: Ankara bans payments in cryptocurrencies | Speevr

Turkey will bar consumers and businesses from exchanging payment for goods and services in Bitcoin and other cryptocurrencies. In legislation (six articles) published in the Official Gazette overnight, the Central Bank of Turkey (TCMB) determined that cryptocurrencies and other s…   Become a member to read the rest of this article

CHINA: Digital currency is a hedge against dollar supremacy

CHINA: Digital currency is a hedge against dollar supremacy | Speevr

Among global central banks, the People’s Bank of China (PBoC) has been among the most aggressive in research and development of a blockchain-based digital currency, including at least 130 pending patent applications. Beijing appears to have diverse motivations, including t…   Become a member to read the rest of this article