Trade War Talks: US, China Signal Progress In Malaysia; Crypto Traders Take N...
The United States and China wrapped up talks in Kuala Lumpur that market players called a welcome step toward cooling trade war tensions. According to Reuters, senior negotiators met on the sidelines of the ASEAN summit as they try to head off a deeper fight over export controls and tariffs. Related Reading: Big Crypto, Tech […]
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The folks over at BTC China - now the world's largest bitcoin exchange - are apparently in talks with Chinese regulators in hopes of getting Bitcoin accepted and approved as an "official currency", according to a Monday report by Business Week. These talks, described as "low-level", would allow the use of the digital currency for the buying and selling of goods in the People's Republic of China, Reported members of these talks include officials from the "People's Bank of China, the China Banking Regulatory Commission, and the China Securities Regulatory Commission." BTC China head honcho....
Bitcoin trade volumes have surged in Malaysia amid falling Ringgit and oil prices. The deteriorating global economic situation comes as a blessing to the popular digital currency Bitcoin. The activity in the digital currency market is known to be completely opposite to that of the conventional ones and Bitcoin has proven it yet again. According to reports, there has been an increase in demand for the digital currency in Malaysia followed by the weakening Malaysian Ringgits. Last week, LocalBitcoins in Malaysia is said to have registered an all-time highest trade volume of over 737,218....
The world's busiest bitcoin exchange, BTC China, has been in talks with regulators that concern bitcoin's level of recognition as an official currency, according to Bloomberg Businessweek. While there have so far been some local-level discussions on relevant issues, the company has not yet made progress arranging high-level meetings, said BTC China CEO, Bobby Lee. It's still very much in the early stages and BTC China hasn't clarified exactly which government arm, if any, will ultimately decide bitcoin's status. "We already consult with a number of local commissions and bodies in various....
Things are going smoothly for Fusang, situated in the Labuan region of Malaysia. Labuan, established in 1990, is being pitched as Malaysia’s Hong Kong. This mid-shore jurisdiction is located inside the nation but is free from its regulations and taxes. Labuan was relatively unknown until Fusang placed it on the map with its digital equity […]
A number of smaller China-based bitcoin exchanges met with the People’s Bank of China in a closed-door setting today. According to sources familiar with the matter, in attendance were exchanges that were previously absent from talks held earlier in the month, including Beijing-based Yunbi and BTC Trade. Speaking with CoinDesk, BTC Trade confirmed its participation, while Yunbi would neither confirm or deny the report. Both declined to provide additional details about the discussion. According to Bloomberg, a source said that money laundering was on the agenda, as it was in prior talks.....