China has outlawed digital-asset exchanges and ICOs, blocked online access to overseas trading platforms and cut off power to Bitcoin miners. AsiaMost of the world’s cryptocurrency trading takes place in this tech-savvy region, with Japan playing a dominant role after it introduced a licensing system for digital-asset exchanges last year. China, once a global hub for cryptocurrency trading, now leads the world in cracking down. In India, where crypto-mania has been relatively subdued, the government has said it doesn’t consider digital currencies to be legal tender and will take measures to curb their use. AmericasMost cryptocurrency trading in the US takes place in a legal gray area, a point highlighted by the nation’s two top market watchdogs in testimony to Congress in February.

Source: Mint March 20, 2018 00:33 UTC