Tag: Oversight

China’s Custodian Service can Grant Bitcoin Currency Status in the Country

The Bitcoin situation in China remains uneasy for the time being. Authorities are contemplating whether or not they should introduce a custodial service to oversee the Bitcoin market. The recent rise and fall of Bitcoin’s value prompted another warning of how cryptocurrency remains a potential threat to the stability of financial markets. This is not good news for Bitcoin at all, despite governments being unable to affect Bitcoin directly. Chinese …
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