"The reaction is significantly smaller than previous bans as the market has already priced in the risk," Wes Fulford of Viridi Funds said.
Thailand's tourism authority is seriously considering launching a digital token to tap into the growing interest for cryptocurrencies.
Alibaba will also prohibit the sale of cryptocurrencies themselves and ban any tutorials, strategies, and software for obtaining digital assets.
The move comes after Singapore's central bank on September 2 said binance.com could be breaching local laws.
Cryptocurrencies "cannot be used as currency in the market," China's central bank said, in its toughest crackdown move yet.
"Make no mistake - this is a positive development for the industry and the millions of innovators, consumers, and investors," Binance said.
The tool must maintain a database of crypto wallets and monitor the behavior of market participants.
Chinese authorities shut down a Beijing software company over suspected involvement with crypto trading as its crackdown continues.
"The FCA UK notice has no direct impact on the services provided on Binance.com," a spokesperson told Insider.
"The circular is no longer valid from the date of the Supreme Court judgement, and therefore cannot be cited or quoted from," the bank stated.
"No one wants to go against the regulator," a source told Reuters about India's central bank asking lenders to cut crypto dealings.
Users fear investments worth millions of dollars may be missing after being unable to access their accounts or withdraw their money from the platform.
Peirce said she wasn't sure whether a bitcoin ETF would be approved just yet since the SEC is in a period of transition.
The city of Plattsburgh, New York is imposing an 18-month moratorium on commercial cryptocurrency mining. Due to its low electricity costs, Plattsburgh is an attractive place to set up a commercial cryptocurrency mining operation, since it uses up a lot of electricity. Commercial cryptocurrency mining has caused Plattsburgh to exceed […]