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Established in 2006 as a Community of Reality

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Government threats crush electronic currencies

rocky
rocky
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Posts : 189379
Join date : 2012-12-21

electronic -  Government threats crush electronic currencies Empty Government threats crush electronic currencies

Post by rocky on Fri 19 Jan 2018, 2:06 am

[size=30]Government threats crush electronic currencies[/size]
18/01/2018 12:32 | Number of readings: 156
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[rtl]Trend Press / Agencies[/rtl]
 
 
[rtl]E-currencies are under heavy pressure for the time being as government agencies tighten their threats to regulate the trading market .[/rtl]
 
[rtl]Virtual currencies continue to record sharp losses of over $ 380 billion in less than 10 sessions, collapsing to the lowest $ 500 billion .[/rtl]
 
[rtl]Both South Korea and China plan to step up their campaigns against e-currencies, targeting platforms and applications that allow trading with blocking trends and amid warnings of investment risks .[/rtl]
 
[rtl]In South Korea, Minister of Justice Park Sang-ki announced that his country is preparing a bill that will prevent the trading of all virtual currencies, while Finance Minister Kim Dong-yun revealed that all government ministers agreed on the need to regulate them with high speculation, Need to conduct consultations .[/rtl]
 
[rtl]While the Asian Government emphasized the need for adequate consultation and consensus on the proposal of the Minister of Justice for future decision-making at the level of the Government, stating that virtual currencies were not legal and could cause significant losses .[/rtl]
 
[rtl]On the other hand, according to reports quoted by the agency, "Bloomberg" that China plans to escalate its campaign against virtual currencies by closing the national outlets and platforms internal and external, which allow trading, whether belonging to individuals or companies .[/rtl]
 
[rtl]In a note highlighting the details of the discussions at a meeting of Internet regulators and other monetary policymakers, the deputy governor of the People's Bank of China, Jung Sheng, said the government should continue to put pressure on digital currency transactions and prevent the accumulation of risk in the market .[/rtl]
 
[rtl]In Europe, the head of the European Securities and Exchange Commission, Stephen Major, says that the loss of a person can be found in all his investments[/rtl]
 
[rtl]The market value of the total electronic currencies combined during the January 17 session to the level of 450.5 billion dollars, the lowest level recorded by the screen this year .[/rtl]
 
[rtl]At the beginning of January 8, the market value of e-currency jumped to $ 830.7 billion, meaning it recorded a loss of $ 380.2 billion in less than 10 sessions .[/rtl]
 
[rtl]The largest electronic currency by market value, "Betcquin", the highest level in 2018 at 17,635.6 dollars to fall to 10194.9 dollars in the trading of January 17 to lose 42.2% in the new year .[/rtl]
 
[rtl]Citigroup analysts had predicted that the value of the "Pitcairn" would fall about 50% from current levels to between $ 5605 and $ 5673 .[/rtl]
 
[rtl]The "ethrium" currency lost about 38.8% of its value compared with the highest level of $ 1430.81 in January, the highest level in the history of the currency, before falling to $ 875.62 on January 17 .[/rtl]
 
[rtl]After rising to a record $ 3.83 at the beginning of this year, the third-largest default currency by market value fell to $ 1.04 on Jan. 17, a loss of 72% before falling below $ 1 .[/rtl]
 
[rtl]While the performance of the currency "Bitquin Cash" flat over the sessions this year, where it recorded a loss of 47% during the last 10 sessions of the new year to drop to the level of 1555.97 dollars in the trading of January 17 after rising to 2927.45 dollars earlier in 2018 trading .[/rtl]






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