Binance plans to launch fiat-to-crypto for Chinese Yuan, Iran proposes cryptocurrency mining regulation and Bitcoin regains 10.000 USD mark
Here is your daily overview of important, interesting and market moving crypto news
Binance plans to launch fiat-to-crypto OTC for Chinese Yuan.
Binance plans to roll out an over the counter (OTC) fiat-to-crypto trading platform coming October.
China has always been a very skeptical jurisdiction towards Bitcoin and cryptocurrency. Cryptocurrency trading has officially been banned in China since September 2017. Because of the ban, OTC trades have become the main method to buy Bitcoin in China. With Chinese investors mainly buying USDT tokens OTC and converting them to other crypto’s afterwards.
Binance to Launch Fiat-to-Crypto OTC for Chinese Yuan in October
Binance CMO announced plans to launch fiat-to-crypto over-the-counter desk for Chinese market, part of the exchange's…
Iran proposes cryptocurrency mining regulation
Iran’s cabinet is looking into a proposal to register cryptocurrency miners.
The registration would require information on employment, rent agreements and other business activities.
There’s been a lot of developments last few months in Iran surrounding cryptocurrency. For example, the Iranian government is selling electricity to cryptocurrency miners at a fixed price. And they have authorized cryptocurrency mining as an industrial activity.
Iran Considers New System of Annual Registration for Crypto Miners
Following a summer full of news on the local industry, the Cabinet of Iran is considering a new system of annual…
Bitcoin regains 10.000 USD mark
After dipping to around 9.600 USD yesterday, Bitcoin has regained the 10.000 USD mark and is now trading around 10.150 USD.
Get to know our team
Give us a call on +31 85 2250 510 or email us at firstname.lastname@example.org. Our members of staff are available between 9.00–18.00 CET to answer any questions you may have, especially in regards to easily selling your crypto for fiat currencies.