China ups Bitcoin crackdown

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China expands bitcoin crackdown: Following an earlier ban on bitcoin trading on domestic exchanges, the Chinese government is removing further incentives to participate in the cryptocurrency market. Caixin reports regulators in China plan to discontinue tax deductions and discount electrical supplies to bitcoin mining companies. This follows a rumor that China would shut down all mining activities and represents a middle ground as the government will neither incentivize nor discourage bitcoin mining.

A Dash of retailers: As investments remain the focus of most cryptocurrencies, there are more payment-oriented alternative currencies pursuing retailers. Digital currency Dash is collaborating with Spanish cryptocurrency payment platform Bitnovo to allow consumers to purchase Dash in more than 10, retailers in Spain.

The deal will support bitcoin crackdown in china through coupons and in Carrefour and Media Bitcoin crackdown in china outlets through gift cards.

Dash hopes the move will make its virtual currency more easily available and thus usable for payments, citing a "convoluted path" to entry for most people who are interested in using alternative currencies for transactions.

The droids you're looking for: Softbank's Pepper robot has turned up at a bar in Oakland and at Pizza Hut locations in Asia, though the use of robots to serve customers and take payments is still pretty limited.

LG hopes to bitcoin crackdown in china that by introducing three new robots designed primarily for airports, including a porter robot to handle check-in payments and luggage delivery, a serving robot to deliver food and drinks and a third robot with a shopping basket and a bar code reader that can show shopping lists and food menus, along with a payments capability. Blockchain bank adds tech vet: Johnson recently led challenger bank Aldermore, overseeing asset expansion and Aldermore's IPO inreports Finextra.

BABB will use the blockchain, artificial intelligence, biometrics and smart contracts to support accounts, P-to-P payments, lending and cross-border transfers via digital identity verification.

Consider what has happened to the founders of an upstart virtual currency known as Ripple, which has seen its value skyrocket in recent weeks. That would have briefly vaulted Mr. With a technical error causing debit transactions to post more than once to accounts, some customers were reporting negative balances due to the error.

Thursday morning, Capital One said in a tweet that the issue has been resolved bitcoin crackdown in china account balances should now be accurate. A spokeswoman also told CNBC that the problem was limited to some bank branches.

While the error apparently is resolved, the episode is a good reminder to consumers that monitoring your bank bitcoin crackdown in china for odd or incorrect charges is bitcoin crackdown in china. A security breach in India has left a billion people at risk of identity theft Washington Post Thu Jan 4, - Over a billion Indian citizens may be vulnerable to identity theft and intrusions of privacy after a newspaper sting uncovered a security breach in the country's vast biometric database, which contains the personal data of almost every citizen.

Bringing medical and gaming tech to mobile fraud protection San Francisco-based Arxan Technologies, which got its start in providing security tools to protect gaming and medical-device applications, says bitcoin crackdown in china services companies are one of the fastest-growing sectors seeking help in barricading their mobile apps from hackers. Health care's reliance on manual payments holds back the industry When taken in the context of the complete invoice and payment cycle, manual payments not only have higher processing costs to the provider and supplier, but also result in delays between processing and making payments, writes Darci Guerrein, vice president of payment operations for GHX.

Bitcoin crackdown in china effect do North Korean supernotes still have on U. Over the past bitcoin crackdown in china decades, the U. However, sincethese counterfeits have seemingly disappeared — but some experts say this might be a sign that the country's counterfeiting skills have gotten too good to detect.

Bankwest turns to Halo ring for wearable payments Bankwest customers in Australia may soon be making payments with a fist bump. Partner Insights Sponsor Content From: More from this Author 5.

Comment Start the Conversation, Login. Amex sets aggressive deadlines for contactless and EMV adoption. Like what you see? Make sure you're getting it all Independent and authoritative analysis and perspective bitcoin crackdown in china every segment of the payments industry.

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Banks on the mainland have informed state media they will "step up measures" to eliminate citizens trading in cryptocurrencies using overseas websites, with the help of the Middle Kingdom's Great Firewall, in addition to the previous bans on domestic crypto-coin-trading websites and services. Hong Kong's South China Morning Post said today the People's Bank of China has told citizens that "to prevent financial risks, China will step up measures to remove any onshore or offshore platforms related to virtual currency trading or ICOs.

In addition to banning foreign digi-dosh exchanges, China is also said to have banned ads from cryptocurrency websites from appearing in search results in both Baidu and Weibo. The clampdown by China on crypto-coins is not an unexpected development. The country began moves to block trading back in September along with bans on cryptocurrency fundraising sites and initial coin offerings ICOs.

As began, reports surfaced that further actions were planned to reduce remaining cryptocurrency trading activity in the country. China is not alone in its efforts to curb the trading of Bitcoin and other cryptocurrencies. Citing worries over its instability and use for criminal activity, government officials in South Korea have banned ICOs and recently passed a law to prevent cryptocurrency deposits into anonymous bank accounts.

Meanwhile, India's government warned this month it would not recognize cyber-cash as legal tender, and signaled an outright ban on the use of Bitcoin and other cryptocurrencies for illegal purposes and within the country's payment system. In the US, the authorities have been relatively gentler, however, have begun measures to shut down dodgy ICOs and bring charges against cryptocurrency scammers.

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