"This will be a revolutionary leap for the Reserve Bank and for Australian financial institutions, what we want to do here in Parliament is to create the political environment to allow that leap [for an Australian Bitcoin blockchain] to occur”.
Regulations
Regulations are the set of laws, announcements and other decisions by official authorities to rule cryptocurrency trading and use. On the contrary, many people in the ecosystem believe that crypto doesn’t need regulations. Find the latest news related regulations and the legal evolution of the cryptocurrency ecosystem
John McAfee - MGTC Chief and cybersecurity claims that China's regulation towards Bitcoin will not approach mining.
Bitcoin Pioneer and the leader of business development at Jaxx - famous digital currency wallet platform, commented that China has no impact on Bitcoin and its future.
A long-term agreement has been met and signed between VEB - Russian state-owned-bank and Ethereum Foundation at the "Blockchain: The New Oil of Russia” event in Tatarstan.
With the negative news incoming from China for Bitcoin, traders have shifted out and moved to South Korea or Japan.
Prominent figure and very respected on the cryptocurrency community - Charlie Lee, Litecoin's Creator added on the China ban regulation that has taken place stating that there is no reason for panic when it comes to the mining or blockchain network.