Is China’s Anti-Corruption Campaign Driving The Bitcoin Price?
Over the past few years, banks have destroyed the precarious trust relation they had established with their customer base. Ever since the latest financial crisis hit in 2008, banks have been facing a lot of scrutiny from the general population and government officials alike. The latest anti-corruption campaign in Beijing has claimed three more victims, one of whom is the president of one of China’s largest banks. Company executives and government officials have been targeted by China’s massive anti-corruption probe since 2013 when President Xi Jinping was put in charge. Over the course of....
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The Federal Security Service of the Russian Federation has issued a draft order allowing its agents to request information from cryptocurrency platforms among other organizations. The move follows changes made to the anti-corruption legislation in Russia, the agency noted. FSB Wants Access to Crypto Data for Anti-Corruption Checks in Russia Russia’s main law enforcement agency, the Federal Security Service (FSB), has decided to grant its employees additional powers to acquire information from various organizations and institutions as part of efforts to combat corruption. A draft....
In an article published today, a writer for the South China Morning Post — Hong Kong’s newspaper of record and the leading English-language newspaper in the country — explores why bitcoin is finding favor among investors in China. There is a heightened buying of bitcoin in China as the cryptocurrency becomes the “new darling” of investors in mainland China, writes Daniel Ren of the South China Morning Post (SCMP). He cites a weakening stock market and the Chinese yuan’s furthering devaluation and the expectations surrounding the drop as the driving factors behind investors’ adoption of the....
Corrupt Tour that is the first corruption specialist tour company in the world now accepts Bitcoin. This could make Bitcoin gain respect in the environment of anti corruption. Corrupt Tour explains: Corruption is a worldwide phenomenon but most people do not know what it looks like. We look at the brighter side of sleaze, and take our customers behind the scenes. We offer walking tours and bus tours of sites of interest in Prague. Corruption is a worldwide phenomenon but most people do not know what it looks like. We look at the brighter side of sleaze, and take our customers behind the....