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China Will Close Bitcoin Mining Activity

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media.coindesk.com The bitcoin miner's gait in China is rumored to be over soon. The reason, the country's regulators are reportedly asking the local government to close the action of bitcoin mining in its territory. Based on leaked documents reported by Bloomberg and Reuters, China also plans to limit the supply of electricity to miners bitcoin. In China, it is known there are companies that run the action of bitcoin mining. Their existence is considered problematic, because the electricity consumption required by the perpetrators is so great. In fact, the government is trying to distribute electricity more evenly to some areas. The mining also generates speculative shares known as virtual currencies that are considered too risky. In the document also mentioned so that local government invites miner bitcoin to get out of business. They are also required to report information related to bitcoin mining facilities in their area, including the number of outgoing actor...
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Financial Services Authority (OJK): Bitcoin may enter Indonesia's commodity futures exchanges

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Commodity Futures Trading Supervisory Agency (Bappebti) opens the opportunity to trade crypto bitcoin in Indonesia. Responding to this matter, Task Force Chairman OJK Investing Tongam Lumban Tobing said, virtual trading assets in Indonesia should be regulated, especially licensing and supervision. "Bitcoin or other types could enter into commodity goods on futures commodity exchanges. But not on the Stock Exchange because bitcoin not enter the type of securities traded in the capital market, "said Tongam to Kontan.co.id, Thursday (11/1). According to him, it is possible as long as it meets the regulatory requirements by the regulator, Bank Indonesia. ---- Source: keuangan.kontan.co.id
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South Korea Prepares A Prohibition on Digital Currency Trading, The News Bitcoin Prices Decline Sharply

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The South Korean government is rumored to be preparing rules about the ban on trading in digital currencies. This news also immediately makes the price of bitcoin, ripple, and ethereum slump deep enough. Quoting CNBC, Thursday (11/1/2018), bitcoin prices had weakened nearly 6 percent. Meanwhile, according to CoinMarketCap data, the price of ethereum and ripple weakened by 11 and 9 percent respectively. South Korean Justice Minister Park Sang Ki said it was preparing rules to ban the trading of digital currencies. However, he did not explain in detail the content of the rules. Clearly, in drafting the regulation, the Ministry of Justice has held discussions with a number of other government agencies, namely the Ministry of Finance and the financial authorities. A few minutes after the announcement, at least about 106 billion US dollars of funds blurred from the digital currency market. Selling action is expected to continue. The drop in the price of some of the largest ...
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