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46

News related to Crypto / China’s Government Closes 173 Exchanges and Token-Issuing Platforms

« on: November 26, 2019, 08:02:31 AM »

The Chinese government has reportedly closed all cryptocurrency exchanges operating in the country, according to a Twitter update from Chinese blockchain outlet CnLedger. Additionally, according to the People’s Bank of China’s (PBoC) financial report, the country will continue to crack down on “unlicensed payment” businesses; including online lending firms and other financial companies operating online.
PBoC Vows to Crackdown Crypto Exchanges.
Ideally, the move means that China has finally shut down every competitor in the cryptocurrency sector. This has the door open for its soon-to-be-released CBDC. The PBoC had notified the general public on the legality of digital currencies; and its plans to curb illicit bitcoin trading, last week. The central bank vowed to shut down all exchanges. As per the announcement, the agency stated it would use measures such as inspections and a ban on crypto trading activity to “resolve related risks in a timely manner.

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47

Blockchain Technology / Blockchain Revolution: Oceanex Launches New USD Gateway Merchant Portal

« on: November 20, 2019, 07:39:00 AM »

Cryptocurrency is making a big wave globally and fast revolutionizing fiat and paper money extensively. OceanEX, a cryptocurrency and merchant gateway platform, has announced the launch of an entirely new USD Gateway Merchant Portal fiat for users.
With this development, users can make USD fiat currency deposits to their OceanEx wallet through the use of bank cards.
This is applicable to every user in every region except for those blacklisted from transacting on the platform. Hence, every user must have a verified batch stipulating they are genuine with OceanEX’s AML as well as conforming with the KYC processes before beginning to trade on the platform.
Also, considering the platform’s trading engine with the capability of processing as many others as there is, users can trust the platform for thoroughly high pitch trading with efficient liquidity.