Japanese bitFlyer to support Bitcoin Gold completely

Japan’s largest and best-funded Bitcoin exchange announces its plans on Bitcoin Gold
24 October 2017   4300

Japan’s largest and best-funded Bitcoin exchange, bitFlyer, unveils its plans concerning the upcoming Bitcoin hardfork. Thus, unlike many other companies, the company is going to support the new cryptocurrency - Bitcoin Gold. 

As detailed, bitFlyer is to distribute Bitcoin Gold (BTG) to users prior to the split of the Bitcoin blockchain, as well as to launch trading services in support of the new cryptocurrency, enabling users to sell, deposit and send BTG from their bitFlyer accounts.

We will credit you with an amount of BTG corresponding to the amount of Bitcoin (BTC) in your bitFlyer account prior to the split. 2 If the BTG split is deemed by bitFlyer to be permanent and secure in regards to customer assets, you will be able to own both BTC and BTG in your bitFlyer account.
 

bitFlyer's announcement on Bitcoin Gold

According to the company, Bitcoin Gold withdrawals and deposits will be enabled by the exchange “after sufficient observation of the stability in the BTG chain after the split”.

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   311

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.