China: trading platforms executives not to leave country

The executives of Chinese Bitcoin trading platforms may not leave the country
20 September 2017   767

It’s been quite a tough time for the cryptocurrency community due to the whole China-against-Bitcoin thing, as a result of which the top cryptocurrency price has fallen. On top of that, according to undisclosed sources, the Chinese government has officially decided to crack down on all Bitcoin and cryptocurrency trading, not just commercial exchanges. 

However, this is not the end of the restrictions.

Now, Beijing News reports that executives of Chinese Bitcoin trading platforms may not leave the country, per industry insiders. During this period of uncertainty, the executives must fully cooperate with Chinese authorities.

A number of insiders said that current executives, owners, shareholders, and managers of bitcoin trading platforms are not allowed to leave Beijing. In accordance with regulatory requirements, shareholders, owners, and financial executives must fully cooperate with the ongoing investigation during the closure process in Beijing.
 

Beijing News

Although the alleged prohibition singles out “Bitcoin executives,” the injunction would likely apply to people in management positions at virtual currency trading platforms more broadly.

Bitcoin charts on coinmarketcap.comBitcoin charts on coinmarketcap.com

Meanwhile, at the time of writing, Bitcoin cryptocurrency price is slightly above $4,000 and its market capitalization $66,711,282,963. 

Bittrex to List LOOM

LOOM is the token of the American startup Loom Network, which launches decentralized applications
18 July 2018   109

Popular cryptocurrency exchange Bittrex listed Loom Network token LOOM. 

As the team of the exchange said, trading with the crypto currency will begin in the near future. On the background of this news, LOOM showed a price jump fo 14%.

LOOM Price Chart
LOOM Price Chart

LOOM is the token of the American startup Loom Network, which is launching decentralized applications.

In January, Bittrex tightened the criteria for listing new tokens. Now, developers need to provide technical information about the token itself, as well as the data of at least one team member. At the moment, the exchange has 290 digital coins.