Reader Comments


by ss Daniel Kamesh kamesh (2019-01-10)

Hong Kong - BinaryCent Review Asia World Capital Group: BTC China, China's largest Bitcoin exchange, has confirmed it has engaged in low-level talks with financial regulators in a bid to secure official recognition for the virtual currency. Regulation would confer legitimacy on the web-based currency that is neither black nor whitelisted within the world's second biggest economy. "Chinese investor interest in Bitcoins has grown despite fears that the country's regulators may ban trading in them," said an Asia World Capital Group technology sector analyst. Bitcoins are regarded as an exciting but volatile alternative to national currencies which are seen as being manipulated by central banks and have increased in value 80-fold from a year ago. They currently trade at $1,000 apiece. "Although Bitcoins are a novel alternative to paper currencies and, according to an increasing number of advocates, gold, there are questions over the anonymity it confers on those using them to buy goods and services. They could be used to circumvent controls on the purchase of controlled or outlawed goods and materials like explosives," suggested the Asia World Capital Group analyst. The US Department of Justice last month ruled that Bitcoins can be a "legal means of exchange" following a hearing arranged in the aftermath of the Silk Road Hidden Website which facilitated trade in illegal drugs and fake ID documentation. According to Asia World Capital Group, China, however, is likely to take a more moderate line in any move towards legitimizing the virtual currency especially as many Bitcoin exchanges close within a year of opening saddling users with large losses. About Asia World Capital Group Asia World Capital Group is an Investment Banking Advisory, Trade and Corporate Finance house, specializing in bringing quality issues to institutions, Small to Medium Size Enterprise (SME) and private clients. Their base of experienced professionals provides their clients with access to a range of Trade Financing Products, Financial Instruments, Investment Banking services, Pre-IPO and IPO opportunities, World-Wide Stock Markets' Investments and quality professional advice to help move their business forward. Asia World Capital Group utilize their vast portfolio of affiliates, considerable experience and a range of financial instruments to achieve your goals.