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The worst month for e-currency passes safely

2017-09-29 07:33 pm | No Views : 344

The worst month for e-currency passes safely

September 2017, is the worst month in the history of electronic currencies, which aims to decentralize the buying and selling, after some countries began to tolerate the existence of electronic currency and recognition in their financial markets, came in September this year, The war on the electronic currency "Bitcoin" and its brothers, and hence began the cold war between the economy of the major powers, and digital currencies, in order to overthrow this idea and its end.
However, e-currencies managed to rise after the fall, and the bitcoin climbed above the $ 4,000 barrier, although major stock exchanges in the world still face e-currencies to drop.
In this report we will try to tell the reader the most important events that affected the electronic currencies, whether this effect is negative or positive.

Central Bank of China: Preliminary electronic currency speculation is unacceptable

Central Bank of China

On 4 September, the Central Bank of China (CBE) made it clear that the initial proposals for electronic currency were unacceptable, calling for an immediate halt to any such activities, indicating its intention to impose severe penalties in the future, to be applied retroactively.
On the same day, Bitcoin lost $ 321, to $ 4258, from $ 4,579.

Financial authorities in Britain warn against public offerings of electronic currencies

On 12 September, the UK financial authorities warned of the general propositions of electronic currencies, stressing that this type of investment is very serious and uncertain, requiring investors to be cautious.
In the same week, Bitcoin tumbled to a record $ 2,962, losing $ 2,000 in less than two weeks, and the market value of e-currencies declined to $ 99 billion from $ 178 billion at the beginning of September.

JP Morgan President: The Bitcoin trick will be over soon

JP Morgan Bank

JPMorgan's chief executive, Jimmy Demon, said the Bitcoin was "deceptive," saying it was unrealistic and would soon be over.
In a September 13 statement to CNBC, Dimon said he did not call for investors to sell their possession of the Pitcairn before retreating, liking the Bitcoin to the Tulip bubble, which caused great losses to European countries in the 17th century, believing it would not end well.
Dimon said he traded in the currency of the "Bitcoin" against the rules of the bank "JPMorgan", where he warned of a "direct separation" for any employee in the bank proves its deal in electronic currency.

Switzerland closes a platform to offer fake electronic currencies

On 19 September, the Swiss financial authorities announced the closure of a counterfeit electronic currency counter, warning investors of these copies.

Singapore closes accounts of electronic currency companies

After a quiet week away from the electronic currency attack, the news came back on 26 September with Singapore announcing that its banks had closed many accounts for e-currency and payment services companies, yet the Bitcoin maintained its performance at $ 400 .

A new setback for electronic currencies

American Stock Exchange

A new setback and another disappointment hit the electronic currency "Bitcoin". After trading on China's news on the closing of electronic trading exchanges, on September 28, companies that supported the listing of a currency on the US currency, Bitcoin, withdrew on the listing.
In this regard, Grayskill Investment said that the companies that supported the listing of a Bitcoin exchange on the US stock exchange, Intercontinental Xhang and NSAI, withdrew their request to the Securities and Exchange Commission United States, on the establishment of the Fund.
The fund's founder justified that the withdrawal request came despite the rapid development of the currency, but he believes that the current time is not enough regulatory developments to push the Supreme Council to approve the request, on the verge that the Securities and Exchange Commission announced in May to agree to return Consider the decision to reject the fund "Bitcoin" to exchange currencies.

Morgan Stanley Chairman: Bitcoin is a "heresy"

Morgan Stanley Bank

James Gorman, confirmed that the electronic currency "Bitcoin" is a natural result of the technological development of "Puccini", adding that this type of currency is more than a heresy.
Gorman said the electronic currency is anonymous, making it interesting for several reasons, including how to convince the central bank that its officials have the ability to control it, as well as protect the privacy of its investors.
Gorman said today, September 29, that he did not invest in digital currencies, but stressed that he spoke with many of its speculators, noting that it was not a very bad thing.
However, there was little change in the market during Friday's trading. The currency of the Bitcoin did not change during the day, as the price dropped to the level of $ 4,181, changing by 0.14%.


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