China News by Thebittimes.Com

BRICS member China is entering Western territory and buying GOLD exploration companies with hard cash worth millions. China’s Yintai Gold firm struck a sale deal with Canada ’s GOLD exploration company Osino for CAD 368 million, which is equivalent to $272 million. China will completely buy the Canadian GOLD exploration firm by paying hard cash worth $272.53 million. Also Read: BRICS Begins Creation of New Digital Payment Platform Before selling the company to China’s Yintai Gold, Osino will end its CAD 287 million deal with Canadian gold miner Dundee Precious Metals. The talks began in December last year between China’s Yintai and Canada’s Osino. The Chinese firm Yintai will also pay a $10 million termination fee for the deal. The development shows that BRICS country China is acquiring promising companies in the West like it did in Africa and other developing countries. BRICS: After Buying Companies in Africa, China Eyes Canada’s Gold ...

Bitstamp’s decision to discontinue operations in Canada is “primarily a timing issue” related to the firm’s expansion priorities, Bitstamp U.S. CEO said. Cryptocurrency exchange Bitstamp hopes to return to Canada after halting operations early next year, according to Bitstamp U.S. CEO and global chief commercial officer Bobby Zagotta. Bitstamp will officially discontinue its services to customers in Canada starting from Jan. 8, 2024, the exchange confirmed in a statement to Cointelegraph. As a result of the service termination, all Canada accounts on Bitstamp will be closed and customers will no longer have access to their accounts. Bitstamp has strongly recommended its Canadian customers withdraw their funds by January 2024, also urging the clients to deactivate their Bitstamp accounts. “We want to emphasize that your crypto assets always remain yours, and we are committed to reaching out to any customers who were unable to close their accounts themselves to ensure the return of the...

Coinbase is the latest crypto company to secure full regulatory approval in Singapore. The U.S. exchange’s Singaporean arm announced it had received a Major Payment Institution (MPI) license issued by the Monetary Authority of Singapore (MAS), becoming a fully authorized player in Singapore. The platform had secure d a temporary licensing exemption from the Singaporean central bank in March 2020. Two years later, in October 2022, Coinbase received an “In Principle” license to operate in the city-state.  Moreover, the Republic of Singapore, often viewed as a crypto haven, is no stranger to the allure of digital currencies, with a staggering 25% of its population embracing crypto as the future of finance.  You might also like: Analyst: Valkyrie likely pressured not to buy more Ethereum futures Furthermore, an impressive 32% of Singaporeans have already ventured into crypto. The latest Chainalysis Global Crypto Adoption Index revealed that Singapore receive...