Chinese crypto-traders break the law through over-the-counter trade

Home » BITCOIN » Chinese crypto-traders break the law through over-the-counter trade
2018-02-12
Chinese crypto-traders break the law through over-the-counter trade

China’s news state agency Xinhua urged the country’s authorities to tighten measures to regulate cryptocurrency trading. According to the results of the journalistic investigation, Chinese citizens continue to carry out cryptocurrency transactions through OTC and foreign ICOs.

Xinhua employees were able to purchase Bitcoins with the help of AliPay and other payment instruments. They pointed out that in November 2017, the Chinese investors serviced more than 20 foreign OTC-sites located, in particular, in Hong Kong, Japan and the United States.

“The emergence of such platforms is another attempt to circumvent the regulator’s legitimate demand,” the news agency said.
Also, according to their information, some ICO projects that have moved abroad continue to conduct their activities.

 

CRYPTOCURRENCIES
  • bitcoinBitcoin$5,242.97
  • ethereumEthereum$178.80
  • rippleXRP$0.354792
  • tetherTether$1.00
  • eosEOS$5.89
  • stellarStellar$0.125828
  • litecoinLitecoin$87.52
  • cardanoCardano$0.088034
  • tronTRON$0.030266
  • moneroMonero$70.82
  • iotaIOTA$0.347958
  • nemNEM$0.072969
  • dashDash$130.81
  • neoNEO$12.51
What is Cryptocurrency? How to Use, the Future of Crypto, the History of Bitcoin
Cryptocurrency market is actively developing and expanding. This relatively new industry is causing a lot of questions and attracting a huge number of investors, businessmen and ordinary people. “What is the future of cryptocurrency?”, “How to choose cryptocurrency exchange?”, “How to sell Bitcoins?” “What about cryptocurrency mining”? Millions of people read cryptocurrency news everyday and […]
2019-04-08 0 47
What is Bitcoin?
The cryptocurrency industry is becoming more and more popular all around the world. Despite the fact that there are more than 1000 different cryptocurrencies and the number keeps growing, cryptocurrency is often associated with Bitcoin. Bitcoin is the first modern cryptocurrency in the world; it attracts thousands of users and investors from different countries. Millions […]
2019-03-20 0 45
Bitcoin, Ethereum, Ripple, Monero, Dash, Tron: major differences and features
Investors see different names of cryptocurrencies and the movement of their courses, but typically don’t even know why the digital coins are so popular. Most of us have already Googled “How to buy Bitcoin” or “How to sell Ethereum”. Cryptocurencies are becoming more and more popular: Bitcoin price is fluctuating and its value is not […]
2019-03-19 0 44
What is Blockchain?
“Giving users easy access to many different kinds of digital assets on the blockchain and, particularly, tokens that are linked to assets in the real world, is crucial to seeing blockchain adoption reach the next level, and I applaud Digix Global’s initiative in being the first of many such projects to successfully launch” – Vitalik […]
2019-03-06 0 42
© 2017–2018