Australia Archives - CoinRevolution.com

Tag Archives: Australia

Roundup – 26/10/2018 – Chinese Court Classifies Crypto as Economic Property & more

Chinese court rules owning and transacting cryptocurrencies is legally protected The Shenzhen Court, an arbitration court in China decided that transacting and owning cryptocurrencies is protected by law. The court ruled (Chinese)  that cryptocurrencies have the legal status of economic property. Therefore, the government cannot rule to forbid the trade of cryptocurrencies. However, the People’s Bank […]

Roundup – 21/09/2018 – Maduro reorganizes economy around XPD, AUD-alternative to Tether

Maduro reorganizes Venezuelan economy around the PetroDollar Maduro started to structure Venezuela’s economy around the PetroDollar (XPD). It is the first cryptocurrency that backs fiat money as the Bolivar is now pegged to XPD.  In addition to that, Maduro also ordered Venezuelan Banks to adopt PetroDollar as an accounting unit. He even decreed that companies […]

Australian Blockchain Delegation In China

A small number of Australian Blockchain startups have been in Shanghai since the beginning of the week. This visit has been the efforts of both the Australian and Chinese governments to strengthen their relationship in the Blockchain industry. Delegation Visits Ant Financial Headquarters A delegation comprised of some of the nation’s domestic Blockchain start-ups was […]

China’s War On Cryptocurrencies Leads To A Decrease In Bitcoin Trading In The Country’s Currency

  • By Samantha Mitchell
  • July 9, 2018
  • 515 Views
  • 1 Comment
The central bank of China has reported a drop in Bitcoin trading in Renminbi (RMB) to below one percent of the global total. In 2017, the People’s Republic of China banned yuan-Crypto trade. Consequently, many Chinese Crypto businesses, among them some of the world’s top trading platforms ceased their operations in the country. The People’s […]