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PANEL SESSION #2: “Blockchain Applications – Beyond Financial Services “
Moderator
Hart Montgomery, Member of Research Staff, Fujitsu Laboratories of America Inc.
Panelists
Eric Jennings, CEO and Co-Founder, Filament
Jack Peterson, Co-Founder, Augur
Srinivasan 'Sriram' , Founder and CEO, Skuchain
Fujitsu Laboratories of America
Technology Symposium 2016
“Blockchain Unleashed: A Disruption as Big as the Internet?”
A report published by Mosaic has found the Asian region to
be exerting a leading influence within the cryosphere, despite China’s ongoing
crackdown on digital asset platforms. The study finds Asian news events to have
a significant effect on BTC price volatility and highlights the i...
Bitcoin, Blockchain, Money
Source : www.coinlogs.net/bitcoin-news/asian-news-headlines-exert-...
The Public’s Bank of China (PBOC) has freshly declared that all crypto-related transactions are illegal in the area. The central bank trusts that digital currencies should be banned. The current statement from the bank shows an influential signal on its purpose to crack down on the digital assets industry.
PBOC requires banning Altcoin, Bitcoin, and Stablecoin transactions:
On 24-Sept-2021, PBOC cited on the website that all crypto assets including Bitcoin and Tether are unlawful in the country. The central bank tells its citizens again that digital currencies like Bitcoin or any altcoin are unlawful in China. Therefore, it cannot be spread on the market. Later, PBOC highlighted all cryptocurrency-related transactions, including services accessible by foreign crypto assets exchanges to domestic residents.
China’s commands made a marginally nervous scenario:
The newest directive comes as the global markets rise quickly, regarding a debt crisis connecting real estate developer China Evergrande Group. Behind the situation, Vijay Ayyar, the head of Asia Pacific with crypto exchange Luno in Singapore, remarked that while the government of China has made such similar arguments in the past. This is a slightly tense environment for cryptocurrencies with the current comment by the US SEC comments and total macro-environment. Eventually, any comments of such an environment will cause a sell-off in risky assets.
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