Binance and Huobi Received Over 52% of $2.8 Billion Illicit Bitcoin in 2019

Jan 17, 2020

Exchanges have always been a popular off-ramp for illicit cryptocurrency, in 2019, $2.8 billion in bitcoin have been moved from criminal entities to exchanges, of which over 52% have gone to the top two crypto exchanges Binance and Huobi, a latest Chainalysis report found. According to the b...

Any Crypto Exchange Will Not be Licensed in China, Says the Director of Finance Regulator in Beijing

Jan 13, 2020

On January 11, Huo Xuewen, director of the financial regulator in Beijing, China’s capital said in an interview that the supervision for cryptocurrency will be stricter in the city. The Beijing Financial Bureau has "zero tolerance" for cryptocurrency issuance as cryptocurrency cannot be u...

Five Crypto Exchanges are Expected to Enter Regulatory Sandbox in Hong Kong

Jan 9, 2020

About five crypto exchanges have been included in Hong Kong’s regulatory sandbox, according to report by a Chinese media. On November 1, 2018, Hong Kong’s Securities and Futures Commission (SFC) issued new regulations on virtual asset investment and proposed to include the virtu...

All Cryptocurrency Platforms Have Been Eliminated in China’s Guangzhou, Local Regulator Says

Dec 26, 2019

All cryptocurrency platforms in Guangzhou, a city in South China have been withdrawn from the market normally. Besides, Internet equity financing, foreign exchange trading platform, asset management in Guangzhou have all been cleaned up and rectified. Previously, Guangzhou has been stric...

Chinese Crypto Exchange Huobi’ Technology Department to Settle in Shenzhen

Nov 15, 2019

Huobi, one of the largest crypto exchanges in China whose technology department has been approved to settle in a technology park in Shenzhen, a city in south China. The technology park is located in Shenzhen bay in which thousands of innovative enterprises and 9 of the world's top 500 enter...

Crypto Exchanges Sit on the Fence after Hong Kong Set New Rule for Crypto Exchanges

Nov 11, 2019

On October 6, Hong Kong’s Securities and Futures Commission (SFC) released a set of guidelines to pave the way for the issuance of operating licenses to cryptocurrency exchanges based in the city. Most of Chinese crypto exchanges sit on the fence apart from OKEx. Under the ne...

99% Crypto Assets Without Insurance, What Hinders it?

Oct 14, 2019

The latest statistics show that the number of crypto holders over the world has exceeded 70 million, and the market value of crypto is approaching $300 billion. However, the amount of insurance premiums available for crypto industry is less than $1 billion. Today, the total income of insurance f...

Over 70 Venture Capitalists Scramble for Crypto Exchange Investment in China

Sep 26, 2019

In view of the short payback period, more and more Chinese capital groups are flooding into the crypto exchange investment. Statistics show that 58 financing incidents occurred in the field of crypto exchanges from January to August in 2019, with more than 70 capital groups invested in crypto e...

Crypto Exchange Binance to Offer OTC Trading Supporting Chinese Yuan in a Month

Sep 20, 2019

Cryptocurrency exchange Binance is planning to roll out over-the-counter (OTC) trading for Chinese yuan to its platform in a month, says its cofounder and CMO He Yi. He Yi announced the news at a media session on September 17 during the Shanghai Blockchain Week, saying that the e...

Asian Crypto Aggregator Grades Exchanges for Transparency

Sep 12, 2019

Cryptocurrency data aggregator CoinGecko has released Trust Score 2.0 as a ranking system aimed at improving transparency among crypto exchanges. In the first half of 2019, several high-profile cryptocurrency exchange closures and hacks have seen the unregulated space lose more than $270 mil...