Yicai Global reports that Pan Gongsheng, Vice Chairman of the People's Bank of China (PBoC), speaking at the annual event dedicated to financial literature organized by China Business News and JPMorgan Chase, said that the regulator made the right decisions about restrictions on the country's Cryptocurrency market and the prohibition of ICO.
Last Friday, the Commodity Futures Trading Commission of the United States (CFTC) announced that it allows two exchanges from Chicago - CME and CBOE - to launch Bitcoin futures. The CBOE Chicago Option Exchange decided to outperform the CME and release futures first. The company said that the auction will be launched on December 10, what is 8 days earlier than CME, which announced the launch of cryptocurrency derivatives on December 18.
The British government plans to impose strict rules on Cryptocurrency, in particular Bitcoin, to combat fraud, tax evasion and money laundering.The UK Treasury will regulate the use of the Cryptocurrency, as a result of which it falls under the law on combating money laundering and the financing of terrorism.
As expected, Bitcoin quickly played his position and even set a new high at $ 11,845. This was promoted as official news that the US regulator allowed the exchanges to sell futures and options for Bitcoin, as well as rumors that NASDAQ is also going to launch Bitcoin futures next year. Later this rumor was disproved, but managed to manifest its influence. Now Bitcoin continues to bargain at the borders of the new border of 12 000 dollars, and most likely with the beginning of the week it will pass this level. At least there are no weighty reasons that could prevent this. Capitalization of Bitcoin closely approached the mark of 200 billion dollars, and the total capitalization of Cryptocurrencies exceeded $ 350 billion.
In most countries of the world, people are allowed to buy and sell Bitcoins and other crypto-currencies for profit from investments. However, as we have seen in countries such as Bangladesh, Bolivia, Ecuador and Nepal, the sudden prohibition of Bitcoin may be around the corner and very quickly become a problem for active traders. This in itself gives sufficient grounds for the crypto-investors to pay more attention to confidentiality and anonymity when trading and making transactions with cryptocurrencies.
The growth of Bitcoin influences many processes connected with cryptocurrency. Video card manufacturers and mining companies are not the only lucky ones who now take advantage of the take-off of Bitcoin prices. Domain names that contain the word Bitcoin in their names have also become unusually popular. Vendors ask for domains with the name of Bitcoin hundreds of thousands of dollars, and the price of individual copies is measured in millions.
The rapid growth of the rate of cryptocurrencies makes more people engaged in mining. So, one of the members of the online community "Tesla Owner Worldwide" on Facebook offered to use electric power and built-in Tesla computer in electric vehicles for the cryptocurrency Mining. In particular, it was proposed to use a powerful computer responsible for the autopilot in the Tesla for the computing platform. However, this idea was not implemented because of security concerns.
The world is going crazy with Bitcoin. Few people do not notice this. However, if investors in the west are intrigued by cryptocurrency, then users of South Korea and Japan succumbed to full-scale hysteria, in particular, the price of Bitcoin on Japanese and Korean stock exchanges is 5-10% higher than in European and American exchanges. Which countries will become the next victims of cryptomania? Obviously, first, the cryptocurrency is paid attention where the national currency is unstable and subject to high inflation.
Bitcoin enthusiasts and financial experts are beginning to listen to the opinion of the former manager of the Fortress investment fund and the longtime supporter of the crypto currency, Michael Novogratz, which predicts an even higher price for Bitcoins.
