China Could Soon Introduce Third-Party Custodian Service for Bitcoin Sector
The Chinese government agencies intend to introduce a third party custodian service to the country's Bitcoin market. The Chinese government and financial authorities are known for being over protective about their economy. Soon, the same protectionism could be extended to the country’s Bitcoin markets as well. There are reports on Chinese media outlets about the possible implementation of third-party custodian services for Bitcoin. The new development is a result of recent fluctuations in the world’s largest cryptocurrency market following the price surge. An article on one of the leading....
Related News
The U.S. Marshals Service, a primary law enforcement agency of the Department of Justice (DOJ), has hired a new custodian for its seized cryptocurrencies. The agency has seized and auctioned off over 185K bitcoins so far. The United States Marshals Service (USMS) has selected Anchorage Digital to provide custody for cryptocurrencies seized in criminal cases, the crypto custody firm announced Wednesday. The USMS is one of the primary law enforcement agencies of the U.S. Department of Justice (DOJ). It was also the first federal law enforcement agency in the country. Anchorage explained:....
Several U.S. lawmakers have introduced a bill to prohibit app platforms in the country from hosting apps that enable transactions using China’s central bank digital currency, the digital yuan. “The Chinese Communist Party will use its digital currency to control and spy on anyone who uses it. We can’t give China that chance,” said the senator who introduced the bill.
Defending Americans from Authoritarian Digital Currencies Act
U.S. Senator Tom Cotton (R-Arkansas) introduced the “Defending Americans from Authoritarian Digital Currencies....
Aave declared a kick-off of its new project this month to meet the abruptly growing demand from different institutions. According to their announcement, Aave, one of the leading DeFi money markets, will launch a permission payment platform for investors. The DeFi protocol is partnering with Fireblocks, a crypto service provider and custodian, to launch the […]
Dear Bitcoin China (BTC China) Users: Recently, due to third-party payment companies in China disrupted and Bitcoin (BTC China) recharge channels, resulting in China Bitcoin (BTC China) is temporarily unable to provide RMB prepaid services. In this regard, on behalf of China Bitcoin (BTC China) expressed deep regret for the inconvenience, please understand. We are actively seeking other recharge methods. Currently, in addition to recharge RMB, the yuan withdrawals, recharge and withdrawals Bitcoin service as usual, may be slightly delayed during peak hours. We have enough for the user bits....
Last year Microsoft, ConsenSys, and BlockApps partnered together to offer the public a Blockchain as a Service (BaaS). Now BlockApps CEO Victor Wong has announced the BaaS protocol is now available for consumers based in China. BlockApps Introduces China’s Blockchain as a Service. BlockApps Strato is a full-stack enterprise technology platform that....