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China’s crypto censorship reaches over news outlets and mining pools

China’s internet censorship machine has expanded to include crypto media outlets and mining pools in a continued attempt to minimize Chinese users’ exposure to the crypto market ecosystem. Chainnews, one of the major Chinese crypto media outlets established since 2017, is now shutting down all channels of content production and distribution. Meanwhile, Chinese internet service providers have taken further steps to detect and block domestic miner IPs from connecting to major mining pool services, based on a China Telecom document …

Bitcoin trades at over 3% discount in India

Bitcoin and other cryptocurrencies are trading at a discount in India after the country’s government listed a crypto bill in Parliament for discussion yesterday. At the time of writing, bitcoin at WazirX is trading at around 40,90,000 Indian rupees (around $54,900) compared to $56,750 on Binance — a difference of over 3%, which is significant. The discount was over 15% last night and earlier this morning on various Indian crypto exchanges, but it appears to be narrowing now. Source: WazirX …

OCC affirms Brooks-era permissions for banks to handle crypto — sort of

advertisement In an interpretive letter publicized on November 23, the Office of the Comptroller of the Currency tenuously maintained a series of greenlights that had come out of the previous administration. Last year, the OCC under then-Acting Comptroller Brian Brooks authorized federal banks to custody crypto, hold fiat reserves for stablecoin operators and operate cryptocurrency network nodes. Tuesday’s announcement said that those activities remain legal — as long as the bank engaging in them gets written authorization from its supervisory …

Fold launches Pokémon GO-like game that rewards players in bitcoin

Fold, a crypto firm that operates a debit card and an app to provide bitcoin cashbacks for shopping, has launched a Pokémon GO-like game that rewards players in bitcoin. The game was first announced in August when Fold opened a waitlist for it. Today the game has been officially launched, and Fold said it has partnered with the Pokémon GO creator Niantic for the same. The game is called Fold AR (augmented reality) and is available within the Fold app. It allows …

US banking regulators plan to publish crypto guidance throughout 2022

Federal bank regulators in the United States issued a statement Tuesday summarizing the results of their inter-agency sprint towards clearer crypto regulations. The regulators, comprised of the Office of the Comptroller of the Currency, the Federal Reserve and the Federal Deposit Insurance Corporation, have identified “a number of areas” they feel need to be publicly clarified, according to their joint statement. The stated plan is to issue additional communications on this front throughout 2022.  Today’s statement does not seek to …