The hope to an easing of restrictions for crypto-currencies in China boosted the price of Bitcoin. The oldest and most important Cyber-currency rose on Monday to up to 16 percent on 9948,80 dollars. So the Plus on the weekend adds up to 33 percent. This is the strongest Rally since a year and a half.
the optimism was Fed by the plans of the government in Beijing, the use of the crypto underlying Blockchain technology for cross-border financial transactions currencies to check. “Against the Background of disappointment with Facebook’s Libra, most investors have had with more case rates,” said Analyst Timo Emden from Emden Research.
however, It is questionable whether the current Rally was sustainable. In the past few weeks, several companies from the consortium for the Libra had withdrawn, the proposed crypto-currency of the Online network, back.
dissemination via Alibaba
In China had made the Parliament the way for a digital currency. Members from blessed to be a corresponding law for the crypto-currency, such as the Xinhua news Agency reported on Sunday.
The law will 1. January enter into force. Since the year 2014 the Chinese are developing an Online currency. The shortly before its Premiere standing digital money in China is said to have Similarities with the planned Facebook-crypto currency Libra.
The Chinese Central Bank, PBOC plans to distribute the new currency, among other things, the payment platforms of Chinese Amazon-rival Alibaba, as well as of the local Internet giant Tencent.
(oli/sda)
Created: 28.10.2019, 09:33 PM
