Hong Kong to Regulate #Cryptocurrency OTC Markets.

Hong Kong is shifting its attention to overseeing cryptocurrency trading that happens directly between parties, known as over-the-counter (OTC) trading. The government aims to reduce the risks associated with virtual assets, especially with the increasing interest from mainland investors who use Hong Kong as a gateway to invest in cryptocurrencies.

According to the data, the deadline for filing 13-F forms for the first quarter is May 15. 168 asset management companies have filed 13-F documents to disclose their holdings in #BlackRock with the two largest being located in Hong Kong, #China. .

BRICS Enters #Bitcoin #Mining: China & Ethiopia Sign BTC Miners Deal

The new #BRICS member Ethiopia is signing Bitcoin mining deals with its alliance partner #China. The #Ethiopian State Electricity Company launched affordable hydropower to attract foreign investments into the country. Ethiopia’s pursuit for foreign exchange currencies netted China’s interest making the two BRICS countries sign a Bitcoin miners deal. China found Ethiopia’s hydropower electricity affordable and lucrative, attracting the perfect opportunity for Bitcoin miners.