Fresh but somewhat vague statements from the Chinese State Administration of Foreign Exchange reveal a new push to clarify the country’s crypto approach.
Forex News
Forex, or the foreign exchange market, is a market for trading currencies. The forex market is the largest market in terms of trading volume and determines the foreign exchange rate. Forex trading includes the buying, selling and exchanging of currencies for the currently determined prices, which are provided by forex brokers — the intermediaries that allow for the purchases of currency with additional transaction fees. Bitcoin forex trading is a new opportunity provided by some forex brokers that is gaining popularity among high-risk traders, due to the high volatility that provides the chance to gain a much larger profit than any fiat currency can provide. It is interesting to point out that — as Bitcoin has an uncertain legal status and is sometimes considered to be a good or asset and not a currency — forex trading with Bitcoin is in an unstable position. However, the inclusion of Bitcoin in the current forex market is a big step for the cryptocurrency industry.
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Cyprus’ SEC recently flagged three investment platforms that look almost identical and falsely asserted ties to licensed firm BDSwiss.
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Chinese regulator State Administration of Foreign Exchange expanded its blockchain cross-border financing pilot program.
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China’s foreign exchange regulator has warned that emerging markets need to muscle in on cryptocurrency-enabled illegal cross-border capital flows.
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China is reportedly looking into the application of blockchain to cross-border financing, with particular attention devoted to risk management applications.
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An island bordering Russia and China may become a large financial center for crypto exchanges and forex markets.
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The ruling is a setback for crypto entrepreneur Noam Copel, who will now have to pay tax on $830,000 in profits he made by selling bitcoin.
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The French Autorite des Marches Financiers has warned the public against 118 crypto-related actors since March 2018.
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London-based banking giant HSBC has revealed its blockchain-powered platform cut costs for forex trade settlement by a quarter.
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A cross-market platform says it allows users to trade in crypto, forex, precious metals, shares and commodities — and offers a wealth of intelligence for invest...
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The Italian securities regulator has added crypto company Togacoin to its scam blacklist.
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The Spanish National Securities Market Commission has added 23 unauthorized forex and cryptocurrency entities to its warning list.
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Who’s better at turning a profit in the dynamic crypto world – a human or a bot? Several factors can determine whether traders or technology have the upper hand...
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Forex exchange settlement giant CLS will launch its IBM blockchain-powered netting service within “a matter of days.”
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Payment giants MasterCard and VISA to group crypto and ICO brokers into a new “high risk” category, sources say.
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