Crypto funds are boycotting Binance, and Amazon may start taking BTC by the end of 2021
Crypto funds reject any cooperation with Binance exchange
Several cryptocurrency funds stopped working with Binance at once. According to mass media, this case is a direct consequence of international regulator’s complaints to the Binance.
“Our mission is preventing clients from uncertainty, which is based on the idea of current tightening of screws by the financial authorities of many countries”, — notes Ed Hindi, co-founder of Tyr Capital crypto fund.
According to CEO ARK Ulrik Lykke, all problems Binance faced are the “wake-up call for all players with large holdings on the Binance exchange.
Previously, regulators in Singapore, Thailand and the Cayman Islands initiated an audit of the legality of Binance’s operations in these countries. The Hong Kong Securities and Futures Commission has stated that the Binance Group entities are not licensed. In addition, Barclays and Santander UK have suspended operations with the crypto platform.
Anonymous Source: Amazon may start accepting Bitcoins by the end of 2021
The media, citing an anonymous source, posts that Amazon will add support for payments to BTC. This could happen as early as the end of 2021.
“This isn’t just going through the motions to set up cryptocurrency payment solutions at some point in the future — this is a full-on, well-discussed, integral part of the future mechanism of how Amazon will work,” the source told City AM.
According to its words, Amazon is on its way to add other popular digital currencies. The insider insists the initiative is going from Amazon’s leadership, even from Jeff Bezos, and the whole project is on the final straight.
“The next would be Ethereum, Cardano и Bitcoin Cash, and right after that Amazon may add about 8 cryptocurrencies” — notes the source of City A.M.
With the latest background about Amazon, a popular Twitter blogger with the nickname CryptoCobain wrote that it was him to deceive the “silly crypto-journalist” and became the source of rumours about its plans to accept payments in BTC. However, Amazon’s interest in the cryptocurrency industry is evidenced by the recent post of a blockchain and digital currency specialist vacancy on the trading platform’s website. The applicant for the position must have experience in the crypto sphere and the digital currencies of regulators.
Bobby Lee insists China is closing to full BTC dismissing
One of the first Chinese BTC enthusiasts, Bobby Lee, is confident that the Chinese authorities are able to increase pressure on the cryptocurrency industry and impose a complete ban on Bitcoin ownership.
“The next thing they could do, the final straw, would be something like banning cryptocurrency altogether. When Bitcoin goes to $500,000, $1 million, China might ban Bitcoin altogether when people are no longer allowed to hold it,” — Bobby Lee said.
On his opinion, such prohibition possibility spreads across the “50 on 50” scheme. Besides, Lee notes that the Chinese government would take such “unregulated and volatile assets” away from the citizen’s pockets to create financial stability.