Despite further regulatory tightening in China on blockchain and cryptocurrencies, a Shanghai-based startup announced plans to unveil a digital currency asset custody platform aimed at Asian crypto exchanges that eliminates human oversight, a South China Morning Post (SCMP) report said.
The product comes as Chinese regulators launched a fresh wave of strict rules on blockchain and cryptocurrencies, with the imposition of harsh regulation, advisory messages, and laws to stop the growth of the industry on the mainland.
“Today, the vast majority of cryptocurrency exchanges globally still involve their senior management in managing the transfer of digital tokens ordered by clients. Putting the private keys to your cryptocurrency assets in the hands of senior management is akin to putting all your money in their co...
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