Huobi CEO: “In the Bitcoin Industry, Centralization and Decentralization will complement Each Other”
Leon Li is the CEO and founder of Huobi (“Fire Currency” in Mandarin), one of the largest Bitcoin exchanges in the world. At the start of 2014, the previously unheard of exchange outside of China became the largest trading venue by volume in the digital currency, creating rumors and speculations of fraud. “Having large volumes is related to our no-exchange fee strategy,” said Li in an interview with forexmagnates. Thus, it is largely speculated that the no trading fee policy resulted in the influx of micro-transactions, bot trading etc. raising trading volume. With Huobi making some big....
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The CEO of one of Kenya’s biggest lenders has argued there is a possibility cryptocurrencies will complement mobile money in Africa but first, there is a need to convince regulators of their benefits.
African Regulators’ Stance on Crypto
Cryptocurrencies can potentially complement mobile money in Africa if regulators on the continent are made to change their perceptions of the digital currencies, the boss of one of Kenya’s biggest lenders has said. According to James Mwangi, CEO of Equity Group Holdings Plc, central banks first need to be convinced of the....