Daily Crypto News, January 27th
- European Central Bank ‘Expects’ Crypto Regulation Focus At G20 In March;
- How Chinese Bitcoin Buyers Are Getting Around Government Ban;
- Arsenal Football Club Partners with Gambling ICO
European Central Bank ‘Expects’ Crypto Regulation Focus At G20 In March
The European Central Bank (ECB) says it “expects” cryptocurrency regulation to be high on the agenda at the G20 Summit in Buenos Aires this March.
In comments at an event during the ongoing World Economic Forum 2018 in Davos, ECB board member Benoit Coeure added further weight to France’s economy minister Brune Le Maire’s vow to make Bitcoin a topic at the political forum.
“The international community is... preparing an answer to that and I would expect, for instance, the G20 discussion in Buenos Aires in March to focus very much on these issues,” Coeure said quoted by Reuters.
How Chinese Bitcoin Buyers Are Getting Around Government Ban
In September 2017, Chinese cryptocurrency exchanges BTCC China, Huobi and OKCoin were ordered by the government to shut down their businesses. At one point, executives of the three cryptocurrency exchanges were prevented from leaving the country, due to a government investigation into local cryptocurrency exchanges.
Three months later, in December of 2017, China’s three largest cryptocurrency exchanges relocated their businesses to Hong Kong. BTCC China, Huobi and OKCoin rebranded to BTCC, Huobi Pro and OKEx, respectively. They intended to address the rapidly growing demand from Hong Kong-based investors.
Arsenal Football Club Partners with Gambling ICO
Premier League football club Arsenal FC has announced a partnership with Cashbet, a cryptocurrency marketing itself as being “designed specifically for iGaming” – comprising the first instance of a cryptocurrency sponsoring a major soccer team.
Partnerships between sporting entities and virtual currencies appear to be quickly proliferating worldwide, with newly crowned Bellator MMA welterweight champion, Rory Macdonald, receiving 330 DASH to wear branded apparel representing the altcoin in his recent title fight.
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