More evidence that Chinese nationals are still actively trading cryptocurrencies 19 months after the country's ban on the sector has surfaced.
In 2021, China unleashed the strictest crackdown yet on all forms of digital assets, which sent shockwaves across the digital assets industry.
Fast forward to 2023; however, there are hints that the government was beginning to reconsider its approach.
For context, consider that many indications and rumours have been that China is "reopening" in recent months.
With its Major Payment Institution License granted by the Monetary Authority of Singapore (MAS) in August 2024, BitGo Singapore is positioned as a key player in addressing the region’s growing demand for institutional-grade digital asset infrastructure.
Michael Saylor, the company’s chairman, has been a strong advocate for Bitcoin, believing its value will continue to rise. With over $40 billion in Bitcoin assets, MicroStrategy’s stock has surged, becoming the most traded in the U.S.
Accused of using his regulatory powers for personal gain, Yao allegedly accepted bribes in crypto, engaged in financial misconduct, and misused his position to benefit specific technology providers. His case has been referred for criminal prosecution.
The integration of staking rewards allows investors to earn a potential additional income stream from Ethereum (ETH) holdings, enhancing overall returns while maintaining exposure to the underlying asset.
Gold has experienced a significant pullback, down over 8% from its all-time high, as the US election results reduced political uncertainty and raised confidence in the economy. The Fed's cautious stance on rate cuts has made the non-yielding metal less attractive, while boosting assets like Bitcoin.
With its Major Payment Institution License granted by the Monetary Authority of Singapore (MAS) in August 2024, BitGo Singapore is positioned as a key player in addressing the region’s growing demand for institutional-grade digital asset infrastructure.
Michael Saylor, the company’s chairman, has been a strong advocate for Bitcoin, believing its value will continue to rise. With over $40 billion in Bitcoin assets, MicroStrategy’s stock has surged, becoming the most traded in the U.S.
Accused of using his regulatory powers for personal gain, Yao allegedly accepted bribes in crypto, engaged in financial misconduct, and misused his position to benefit specific technology providers. His case has been referred for criminal prosecution.
