“Australian Law Enforcement Officers Shut Down A Crypto Exchange”
Australian detectives have arrested a 38-year-old man as part of an investigation into an unregistered cryptocurrency exchange. Authorities also seized a cryptocurrency ATM from a shopping mall in nearby Braybrook, which according to Google Maps is approximately 8 kilometres away from Cairnlea. The investigation began in June after the Australian Transaction Reports and Analysis Centre (AUSTRAC), a government financial intelligence agency tasked with monitoring transactions, provided intelligence regarding reports of scam activity linked to the ATM.
“HTC and Binance Team Up For Exodus 1”
Electronics producer HTC and cryptocurrency exchange Binance today announced a new version of HTC’s “cryptophone”, the Exodus 1 - Binance Edition. The HTC Exodus 1 - Binance Edition is essentially an update to the original Exodus 1 and its cheaper followup, the Exodus 1s—a smartphone that comes with crypto-friendly features including an integrated blockchain wallet, support for dapps, and the capability to run its own full Bitcoin node. The collaboration also means the Exodus 1 - Binance Edition gets integrated support for Binance’s decentralized exchange, Binance DEX.
“RBC To Venture Into Crypto”
A Canadian bank, which banned its clients from buying Bitcoin (BTC), could now become the first in the country to launch a cryptocurrency exchange. RBC is the largest bank in Canada by market capitalization, with $661 billion CAD ($499 billion) in assets under management. According to The Logic, the bank is entertaining the possibility for the exchange to function both for investments and allowing clients to make purchases online and in brick-and-mortar stores. The news follows a previous report that Canada’s central bank wanted to use digital currency in order to better track consumer spending habits.
“China Does U-turn On Crypto Mining Ban”
More than six months after the China National Development and Reform Commission proposed to categorize bitcoin mining as an industry to be phased out from the country, it appears the agency has now scrapped that plan. The National Development and Reform Commission (NDRC), a top-level economic planning agency under China’s State Council, published a finalized new Catalog for Guiding Industry Restructuring on Wednesday that will take effect from Jan 1, 2020. In the final version, which will replace the current one published in 2011, the agency has removed bitcoin mining or other virtual currency mining activities from the initially proposed category of industries that should be eliminated from China. Description related to virtual currency or bitcoin mining can’t be found in the finalized catalog.