Trump calls for US crypto leadership to counter China's advances. https://lnkd.in/gCpZ8gmK
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Is China on the brink of making a crypto comeback? Recent developments from Hong Kong to predictions from industry leaders suggest it's only a matter of time before they dive back in. Dive deeper into this intriguing shift. ⚡
Is China on the brink of making a crypto comeback? Recent developments from Hong Kong to predictions from industry leaders suggest it's only a matter of time before they dive back in. Dive deeper into this intriguing shift. ⚡
https://theweb3.news
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Justin Sun, founder of TRON, has urged China to reverse its crypto ban, advocating for a policy shift similar to recent US developments. Sun argues that China should adopt a more open stance towards cryptocurrencies, inspired by the US’s warming approach, which has been boosted by President Trump's pro-Bitcoin stance. Since China’s 2019 ban on crypto trading and subsequent restrictions on banking and mining, the industry has suffered. The ban led to a significant Bitcoin price drop in 2021 and has driven crypto-related activities abroad. Wang Yang, a professor at Hong Kong University of Science, supports Sun's view, suggesting China should have invested in domestic mining firms to control risks instead of imposing a ban. Sun's call comes as Hong Kong’s ambitions to become a crypto hub face challenges, with several mainland-linked crypto exchanges withdrawing their licensing applications. Despite these hurdles, Sun remains optimistic following his recent legal victory against defamation claims. Comparing China and US policies, Sun highlighted that while some regulators remain conservative, the overall US approach is more supportive of cryptocurrencies. At press time, Bitcoin was trading at $69,412, reflecting a recent 3% increase. . . . . #tron #justinsun #china #donaldtrump #america #crpytostan #cryptoregulation #thecryptocountry
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China Dismantles Multi $Billion Underground #Crypto Scheme (as told by a New York taxi driver) Alright, buckle up, here's how it went down: Some bigwigs in China just busted a humongous illegal bank racket, we're talkin' a whopping $2.2 billion, all sneaky-like with cryptocurrencies to skirt around the country's ironclad money rules. These guys were crafty, buying up digital bucks and flipping them on foreign exchanges to get their hands on real dough, totally sidestepping the Chinese government's tight grip on foreign cash flow. The coppers, you know, the foreign exchange squad, they've been tailing these guys and finally cracked the case wide open. They were shifting money faster than a cab in rush hour, buying virtual coins and then selling them off to get whatever currency they needed, clearly playing fast and loose with the law, mainly swapping yuan for other moolah. In the sting, the fuzz nabbed about $28,000 in cryptos like Tether and Litecoin. But here's the kicker: these wise guys moved more than $2.2 billion through over a thousand accounts spread out like a spider web across 17 places. Shows you just how big and slick this operation was. Now, in China, you're only allowed to swap up to $50,000 to foreign currency every year unless you've got the right papers. Go over that, and they slap you with the money laundering label. It's all part of China's game to keep its money from flying off overseas. And get this: China used to be all in on the crypto game, but in 2017, they slammed the brakes and banned all the crypto exchanges, and didn't stop there—they went after mining and trading too. Still, these underground hustlers kept at it, showing just how tough it is to shut down this game. The big shots say it's all about keeping illegal wheeling and dealing at bay. But here's the twist: while China's keeping a tight lid on cryptos, over in Hong Kong, it's a whole different story. They're rolling out the red carpet with rules and licenses for crypto exchanges. Just goes to show, it's a real mixed bag when it comes to handling this digital dough. #blockchain
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Last year, it seemed like US politicians were putting all their might into stifling the #crypto industry. This year, the tide is turning 🌊 In the halls of power in Washington, the conversation around crypto is shifting from skepticism to seeing it as a way to score political points. We've summed up the recent changes in the US political landscape, from Donald Trump’s crypto conversion (Biden soon?) to the FIT21 legislation and power moves within Federal Agencies. Read on to discover the key political changes that can influence the global crypto market 👇 https://lnkd.in/ddEVMuYb #cryptoregulation
Crypto Takes Washington: Political Changes looming
d.center
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US Elections 2024: Will a crypto-savvy President be preferred after the FIT21 bill? Read the new Finextra article on #crypto #regulation & #USA #politics by Madhvi Mavadiya -> https://lnkd.in/e6kr_ppH #fintech #thelongread #finance #economy #financialservices #finacialinstitutions #banks #bank #technology #innovation #future #trends #payments #compliance #risk #business #cryptocurrency #digitalcurrency #government #policy #legislation #law ##FIT21 #ETF #cryptoassets #trading #bitcoin #consumerprotection #CFTC #SEC #securities #DoJ #USDT #digitalpayments #digitalnative
US Elections 2024: Will a crypto-savvy President be preferred after the FIT21 bill?
finextra.com
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Yescoins Review: Legit or Fake the rise of digital currencies has introduced a new wave of investment opportunities. Among the plethora of digital coins available, READ FROM HERE https://lnkd.in/eHkdiaGD
Yescoins Review: Legit or Fake
loanapproval.com.ng
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This week in the #crypto world, we saw US #Democrats finally find the keys to their crypto bus, #Tether call out Celsius, and #Binance toe the regulatory line. https://lnkd.in/eWHgxWeZ
This Week in Crypto - Democrats, Shakedowns, and Regulations
https://fullycrypto.com
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Russia imposes strict crypto restrictions, effective September 1, exempts miners. It aims to strengthen ruble, control crypto amidst geopolitical tensions. Debate persists; Finance Minister of Russia advocates regulated use. Starting September 1, Russia will enforce strict restrictions on the general circulation of crypto assets such as Bitcoin. #CBDC #CentralBankProjects #CryptoRestrictions #Enforce #ExemptingMiners #Russia
Russia to Enforce Crypto Restrictions, Exempting Miners and Central Bank Projects
https://bitcoinworld.co.in
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I've just read an article that 50% of world economy is working on their digital currencies, with China, US and EU and a few others leading the path for a few years now. I wonder if they all started from scratch or are they using any of underlying technologies, where some of them are already widely accepted. Anyhow, "caution is the mother of all wisdom". Enjoy the article. https://lnkd.in/d4Dfut7C
The Rise Of Crypto’s Billion Dollar Zombies
forbes.com
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