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Tetherโ€™s new yuan-based stablecoin is the newest addition in circumventing regulations

Tether announced a new offshore Chinese-yuan backed stablecoin, CNHT. The cryptocurrency is the newest addition to the firmโ€™s suite of regulation-skirting coins. Primer on Chinaโ€™s currency controls As part of Chinaโ€™s monetary strategy to peg the yuan against the dollar, it is mandatory that the Peopleโ€™s Republic control capital flows into the country. The theory […]

Tetherโ€™s new yuan-based stablecoin is the newest addition in circumventing regulations

Bitcoin rockets to $2250 premium in Argentina after President Macri imposes capital controls

The Bitcoin price exploded in Argentina after President Mauricio Macri announced he would reinstate restrictions on foreign currency purchases. Bitcoin is trading at a $1,200 premium above spot price on Buenos Aires-based exchange Buenbit. The price exploded to $12,750 per BTCโ€”a total premium of $2250 premiumโ€”immediately after Argentinian president Mauricio Macri announced his government would […]

Bitcoin rockets to $2250 premium in Argentina after President Macri imposes capital controls