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Binance faced delisting, the EU and China are studying cryptocurrency

10/10/2018
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  • binance_exchange
  • еuropean_union_ ICO
  • china_blockchain
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Binance Exchange conducts delisting, China has created a zone for in-depth study of the blockchain. The European Commission will adopt new laws on cryptocurrency until the end of 2018.

Delisting is carried out on the Binance Exchange

From October 12, the Binance Cryptocurrency Exchange stops trading in four types of assets - Bytecoin (not to be confused with Bitcoin), ChatCoin, Iconomi and Triggers. According to the trading platform, the reasons for such a decision should be sought in the insufficient quality of trading assets.

Currently, the number of cryptocurrencies in the world is 2,054 pieces, and their total market capitalization is £ 164 450 621 248. However, not all of them have prospects for further development. In the opinion of Binance management, the main problem is the low level of project support. Here we will continue to work on optimizing the asset portfolio.

Read more about Binance there

By the end of 2018, the European Union will determine its attitude to ICO

The problem of legal support of the primary placement of tokens is not completely solved in many countries. The main discussion flares up around the very concept of “cryptocurrency” and “token”. Regulators cannot decide whether it is an asset or a means of payment.

Now the European Commission is working on studying this issue. It is expected that a final decision will be made by the end of 2018. After that, EU financial institutions will be able to invest more actively in crypto projects. The Chair of the European Securities and Markets Authority (ESMA), Steven Maijoor, said that it is this period that the regulator will need

China develops blockchain technology

The Asian region is a leader in the development of crypto projects. The Chinese authorities recognized the importance of this direction of progress at the highest level. Here will be launched the country's first pilot zone for in-depth study of new technologies. It will be located in Hainan Province.

The project involved Oxford and Beijing universities, as well as the Park of High Technologies Resort Software Community. Although China is among the leaders in the number of active users of cryptocurrency, the blockchain industry in the country is at an early stage. This was announced by the Ministry of Industry of China.

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