China's crypto regulations target businesses, while personal ownership is allowed.
Bitcoin surged past $99,000, with speculation growing over its potential to hit $100,000 soon.
FM
A Shanghai court has clarified that personal ownership of
cryptocurrency is legal in China. The statement comes during a record-setting
rise in Bitcoin prices. Bitcoin enthusiasts are now speculating whether the
price will cross $100,000 in the coming days.
Shanghai Court on Cryptocurrencies
This development provides legal clarity for cryptocurrency
holders amid Beijing’s crackdown on commercial crypto activities.
Sun Jie, a judge at the Shanghai Songjiang People's Court,
published an article this week on the Shanghai High People’s Court's WeChat
account. He stated that individuals are not prohibited from holding
cryptocurrencies.
However, business activities involving cryptocurrencies
remain banned to protect financial stability. Sun highlighted that
cryptocurrencies, as virtual commodities with property attributes, are not
inherently illegal under Chinese law.
This legal position stems from a case involving a dispute
between two companies over an initial coin offering, which is categorized as
illicit financing. The judge emphasized that speculative trading activities
disrupt economic order and are thus strictly regulated.
Bitcoin Eyes $100,000 Mark
Bitcoin's recent rally has added to the global spotlight on
cryptocurrencies. The cryptocurrency surged past $99,000 this week, driven
partly by news of former U.S. President Donald Trump’s re-election and his
promise to adopt a pro-crypto stance.
BTCUSD- H4 Chart, Source: TradingView
As of writing, Bitcoin is traded at around 99500.00. The H4
chart shows that the price has been surging toward the North by obeying a
trend line. If the price consolidates, it may find support at the flipped level
of 98,000. A bullish reversal pattern could attract buyers to go long,
potentially driving the price toward the key 100,000 mark.
Former Official Faces Charges
China’s restrictions on cryptocurrency activities began in
2017 with a ban on initial coin offerings and crypto exchanges. These measures
escalated in 2021 with a prohibition on Bitcoin mining and a broader ban on
crypto-related businesses.
Despite these restrictions, some courts in China
have previously ruled that cryptocurrencies qualify as personal property under
existing laws.
Separately, the Central Commission for Discipline Inspection
announced this week that Yao Qian, former head of the People's Bank of China’s
digital currency research institute, was involved in a bribery case involving
cryptocurrency. This case marks a setback for crypto advocates in China,
especially given Yao's earlier pro-crypto remarks.
Despite local legal clarifications, China’s regulatory
stance on the broader crypto industry remains restrictive. Experts like Zhu
Guangyao, China’s former finance vice-minister, have called for opening the
market to ensure China remains competitive in the global digital economy.
A Shanghai court has clarified that personal ownership of
cryptocurrency is legal in China. The statement comes during a record-setting
rise in Bitcoin prices. Bitcoin enthusiasts are now speculating whether the
price will cross $100,000 in the coming days.
Shanghai Court on Cryptocurrencies
This development provides legal clarity for cryptocurrency
holders amid Beijing’s crackdown on commercial crypto activities.
Sun Jie, a judge at the Shanghai Songjiang People's Court,
published an article this week on the Shanghai High People’s Court's WeChat
account. He stated that individuals are not prohibited from holding
cryptocurrencies.
However, business activities involving cryptocurrencies
remain banned to protect financial stability. Sun highlighted that
cryptocurrencies, as virtual commodities with property attributes, are not
inherently illegal under Chinese law.
This legal position stems from a case involving a dispute
between two companies over an initial coin offering, which is categorized as
illicit financing. The judge emphasized that speculative trading activities
disrupt economic order and are thus strictly regulated.
Bitcoin Eyes $100,000 Mark
Bitcoin's recent rally has added to the global spotlight on
cryptocurrencies. The cryptocurrency surged past $99,000 this week, driven
partly by news of former U.S. President Donald Trump’s re-election and his
promise to adopt a pro-crypto stance.
BTCUSD- H4 Chart, Source: TradingView
As of writing, Bitcoin is traded at around 99500.00. The H4
chart shows that the price has been surging toward the North by obeying a
trend line. If the price consolidates, it may find support at the flipped level
of 98,000. A bullish reversal pattern could attract buyers to go long,
potentially driving the price toward the key 100,000 mark.
Former Official Faces Charges
China’s restrictions on cryptocurrency activities began in
2017 with a ban on initial coin offerings and crypto exchanges. These measures
escalated in 2021 with a prohibition on Bitcoin mining and a broader ban on
crypto-related businesses.
Despite these restrictions, some courts in China
have previously ruled that cryptocurrencies qualify as personal property under
existing laws.
Separately, the Central Commission for Discipline Inspection
announced this week that Yao Qian, former head of the People's Bank of China’s
digital currency research institute, was involved in a bribery case involving
cryptocurrency. This case marks a setback for crypto advocates in China,
especially given Yao's earlier pro-crypto remarks.
Despite local legal clarifications, China’s regulatory
stance on the broader crypto industry remains restrictive. Experts like Zhu
Guangyao, China’s former finance vice-minister, have called for opening the
market to ensure China remains competitive in the global digital economy.
Coinbase Enters Prediction Markets as the Amazonification of Financial Platforms Gathers Pace
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
Executive Interview | Charlotte Bullock | Chief Product Officer, Bank of London | FMLS:25
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this interview, we sat down with Charlotte Bullock, Head of Product at The Bank of London, previously at SAP and now shaping product at one of the sector’s most ambitious new banking players.
Charlotte reflects on the Summit so far and talks about the culture inside fintech banks today. We look at the pressures that come with scaling, and how firms can hold onto the nimble approach that made them stand out early on.
We also cover the state of payments ahead of her appearance on the payments roundtable: the blockages financial firms face, the areas that still need fixing, and what a realistic solution looks like in 2026.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
In this conversation, we sit down with Drew Niv, CSO at ATFX Connect and one of the most influential figures in modern FX.
We speak about market structure, the institutional view on liquidity, and the sharp rise of prop trading, a sector Drew has been commenting on in recent months. Drew explains why he once dismissed prop trading, why his view changed, and what he now thinks the model means for brokers, clients and risk managers.
We explore subscription-fee dependency, the high reneging rate, and the long-term challenge: how brokers can build a more stable and honest version of the model. Drew also talks about the traffic advantage standalone prop firms have built and why brokers may still win in the long run if they take the right approach.
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
Executive Interview | Remonda Z. Kirketerp Møller| CEO & Founder Muinmos | FMLS:25
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this interview, Remonda Z. Kirketerp Møller, founder of Muinmos, breaks down the state of AI in regtech and what responsible adoption really looks like for brokers. We talk about rising fragmentation, the pressures around compliance accuracy, and why most firms are still in the early stages of AI maturity.
Ramanda also shares insights on regulator sandboxes, shifting expectations around accountability, and the current reality of MiCA licensing and passporting in Europe.
A concise look at where compliance, onboarding, and AI-driven processes are heading next.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
In this conversation, we speak with Aydin Bonabi, CEO and co-founder of Surveill, a firm focused on fraud detection and AI-driven compliance tools for financial institutions.
We start with Aydin’s view of the Summit and the challenges brokers face as fraud tactics grow more complex. He explains how firms can stay ahead through real-time signals, data patterns, and early-stage detection.
We also talk about AI training and why compliance teams often struggle to keep models accurate, fair, and aligned with regulatory expectations. Aydin breaks down what “good” AI training looks like inside a financial environment, including the importance of clean data, domain expertise, and human oversight.
He closes with a clear message: fraud is scaling, and so must the tools that stop it.
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Exness expands its presence in Africa: Inside our interview with Paul Margarites in Cape Town
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
Finance Magnates met with Paul Margarites, Exness regional commercial director for Sub-Saharan Africa, during a visit to the firm’s office opening in Cape Town. In this talk, led by Andrea Badiola Mateos, Co-CEO at Finance Magnates, Paul shares views on the South African trading space, local user behavior, mobile trends, regulation, team growth, and how Exness plans to grow in more markets across the region. @Exness
Read the article at: https://www.financemagnates.com/thought-leadership/exness-expands-its-presence-in-africa-inside-our-interview-with-paul-margarites/
#exness #financemagnates #exnesstrading #CFDtrading #tradeonline #africanews #capetown
