Fundstrat to Accept BTC As Payment Option

Option of bitcoin-payments should significantly facilitate the purchase of exclusive research works for foreign clients
01 August 2018   1537

Analytical agency Fundstrat Global Advisors will allow its clients to purchase research of various sectors of economy for bitcoins. To this end, the firm has entered into a partnership with BitPay processing.

Fundstrat stressed that many clients of the agency face the complexity and high cost of cross-border transfers. So, the option of bitcoin-payments should significantly facilitate the purchase of exclusive research works.

Fundstrat found that accepting payments via BitPay is considerably simpler, faster and less expensive than bank wires. Bitcoin payments make it easier for our clients, particularly those outside the US, by offering more options to pay for our research services without having to deal with the hassles of currency translation.
 

Thomas Lee

Managing Partner, Fundstrat Global Advisors

Earler, BitPay received a license to work with virtual currencies in the state of New York (BitLicense).

PBoC to Continue Anti-Crypto Propaganda

The regulator published a warning in its WeChat account called “Protection of the rights and interests of consumers of financial services”
23 March 2020   321

The People's Bank of China has returned to criticism of cryptocurrencies amid a worsening economic situation in the world.

On March 22, the regulator published a large-scale warning in its WeChat account under the heading “Protection of the rights and interests of consumers of financial services”. It describes three ways in which cryptocurrency service providers can mislead consumers.

First of all, the amount of fraud transactions with bots is serious. The average turnover rate of the top three overseas crypto currency exchanges is much higher than that of foreign licensed exchanges. Second, market manipulation exists in these exchanges where forced leveraged trading eventually causes the exchanges to explode. Third, money laundering is a big issue.

 

People's Bank of China

In addition, the Chinese Central Bank calls the opinion that Bitcoin may serve as a protective asset, erroneous. The regulator indicates its high volatility and recommends that citizens not follow the example of other investors and refuse to participate in cryptocurrency trading.