China Wants to Close Foreign Exchange Access Again

Chinese authorities continue their cryptocurrency trading regulation actions
28 February 2018   111

The Chinese authorities continue to struggle with crypto-currencies. They turn their views to the platforms, that allow to trade on the foreign exchanges. This is reported by Bloomberg referring to the source familiar with the situation.

Regulators intend to carry out verification of accounts in Chinese banks and payment systems belonging to individuals and legal entities suspected of organizing trades on foreign crypto exchanges  The assets of the owners of these accounts can be blocked, and they themselves can be denied service.

These measures are aimed at further reducing the number of possible options, which may be used by Chinese citizens who want to buy a crypto currency. To circumvent the ban imposed last year, some companies have opened offshore platforms that allow residents of the country to buy crypto-currencies with the help of bank accounts and payment applications. The source does not give specific figures and names of the platforms, but we can assume that we are talking about such exchanges as Huobi and OKEx, which continue to bind sellers and buyers of crypto-currencies

Qvolta is launching its platform

Qvolta announced its platform release date of April 2 that will feature a full-fledged version of a web platform
24 March 2018   40

Qvolta platform has set its release date to April 2. The release is in accordance with the roadmap of the platform and will include a fully functional version of the web platform. The developers team is currently performing various tests and making final amendments to ensure the proper functionality. This desktop client is in alpha stage. A mobile app for secure authorizations is out and it is the native solution for security without intermediaries.

Qvolta is a P2P exchange platform solution that focuses on the capability of trading Bitcoin and Ethereum for fiat currencies and vice versa. And such functionality is provided through local payment methods. Since centralized exchanges become the target of serious scrutiny of regulators, cryptocurrency platforms that allow trading P2P or in fully decentralized fashion are getting more necessary.

As of the moment of the publication, the market parameters of Qvolta are as follows:

Average price: $0.390836

Market cap: $2,712,466

Volume (24h): $6,171