Top stories in The Crypto Roundup today:

• China no longer wants to ban crypto mining industry
• Hong Kong’s Financial regulators to publish new crypto exchange regulations
• Canadian financial regulators take action against Einstein exchange which owes $12 million

At the time of writing, bitcoin (BTC) is trading at $9,406 (1.20%) with a daily trusted volume of $1.18 bn. As for ether (ETH), it is trading at $193 (3.89%) with a daily trusted volume of $356.93 mn. The MVIS CryptoCompare Digital Assets 10 Index is currently tracking at 3,283 (0.98%).

China no longer wants to ban crypto mining industry

China's National Development and Reform Commission (NDRC) previously had the crypto mining industry on its list of industries that should be phased out as it did not “adhere to relevant laws and regulations, were unsafe, wasted resources or polluted the environment."

However, the latest version of the "Guiding Catalogue for the Adjustment of Industrial Structure", which will go into effect on 1 January 2020, no longer says that crypto mining should be phased out.

Hong Kong’s Financial regulators to publish new crypto exchange regulations

Hong Kong’s Securities and Futures Commission (SFC) has said it will publish new regulations for digital asset exchanges. The regulations will cover areas such as custody, KYC requirements, AML rules and market manipulation.

Hugh Madden, chief executive of BC Group, a technology and digital asset trading company told Reuters:

“Ashley Alder’s announcement of a regulatory framework for digital asset trading platforms is a seminal moment for financial services in Asia and points to increased acceptance of digital assets as new type of financial instruments”

Canadian financial regulators take action against Einstein exchange which owes $12 million

On Monday (November 4), the British Columbia Securities Commission (BCSC) announced that it had taken action against the Vancouver-based Einstein Exchange.

The BCSC is an independent (self-funded) provincial government agency that reports to the Legislative Assembly of British Columbia (aka "BC Legislature") through the minister responsible for the administration of Canada's Securities Act. 

On October 31, the BCSC was "told by a lawyer representing the trading platform that it planned to shut down within 30 to 60 days due to a lack of profit." The Einstein Exchange apparently owes its customers CAD 16.3 million (roughly USD 12.4 million).

TerraCrypto Kazakhstan Digital Mining and Cryptocurrencies: Trends 2020

A forum on digital cryptocurrency mining will be held in Nur Sultan (Republic of Kazakhstan) on November 14, 2019. 

The TerraCrypto forum, well-known among the blockchain community, will come to Kazakhstan for the first time. The traditional values that the organizers broadcast in Moscow will be clearly represented in Nur-Sultan: internationality, openness and discussions, competing companies in the exhibition area.

Starting at 9 a.m., you will be able to consider mining and trading under enlarged glass in Rixos President Hotel. Stefan Rust (Bitcoin.com), Thomas Heller (F2Pool), Dong Yan (Matrixport), Gapparov Bekhzod (Okschain), Alexander Kalmykov (Gazpromneft), Yulia Fetisova (BITMAIN), Gleb Kostarev (Binance), Evgeny Galiakhmetov (Altergate ^) and other active market participants working with blockchain technology.

At 20:00, dinner will be held with speakers for guests who have bought a VIP ticket. We will consider platforms for equipment placement; discuss the equipment itself; we’ll think about where to reinvest income, how to increase income through trading and how to work legally in the framework of the laws of the Republic of Kazakhstan, the Republic of Uzbekistan and the Russian Federation. 

Nikita Vassyov, co-organizer of the TerraCrypto forum, notes the importance of not only a business program that will run in parallel in two halls but also on the exhibition area: “We are waiting for more than 40 exhibitors who will present their equipment, software, platforms for equipment and services for trading. All our partners are very encouraged by the opportunity to get acquainted with the market of Kazakhstan”

Ilya Ogurtsov, co-organizer of the TerraCrypto forum, about the program: “We expect 30 speakers and 700 guests from 12 countries.

The location of Terra Crypto is Rixos President Astana (D. Kunaev St., 7) - which is perfect for networking, sharing experience and discussing successful transactions. 

Media Contact: Elena Rakipova | PR specialist
Telegram: @elena_rakipova, Facebook, Email: elena.r@wtm.today 

Partner contact person: Nikita Vassyov | Co-founder of Six Touches Team Phone: +7 996 336 96 39 Telegram: @NVassev Email: nikita@wtm.today 

Speaker contact: Ilya Ogurtsov | Co-founder of Six Touches Team
Phone: +7 921 9446 69 46 Telegram: @o_ilya Email: ilya@wtm.today

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