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China Bitcoin Exchanges Will Trade Over-the-Counter

China Bitcoin Exchanges Will Trade Over-the-Counter

Huobi Bitcoin exchange will begin offering over-the-counter (OTC) services for Chinese traders soon, as announced by CEO Lin Li. This news came as traditional Chinese crypto-to-crypto exchanges breathed their last breath. Heavy regulation has forced Chinese exchanges to rethink their business models. As of 1 November, trading cryptocurrencies on open […]

South Korea Will Manage Bitcoin as a Commodity

South Korea Will Manage Bitcoin as a Commodity

While Japan respects digital currencies as legal currency and the IRS considers them property, South Korea has taken a different approach. Lee Joo-yeol, South Korean central bank governor, recently proclaimed that Bitcoin and virtual currencies would be treated as commodities. Regulation will take time to fully formulate and is not […]