Tag: Mongolia

Mongolia Partners With Stablecoin to Use Blockchain for Lending Services, Money Transfers

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Mongolia’s capital city administration is set to replace utility bills and government subsidies with blockchain-based payment methods. Mongolia’s capital city of Ulaanbaatar has partnered with a stablecoin company to release instant money transfer and lending services, Asia’s largest tech media platform e27 reported on Jan. 11. Ulaanbaatar City’s administration has agreed to partner with a […]

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China: Crypto Miners Sell off Mining Devices ‘by Kilo’ Amidst Market Decline

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Chinese crypto miners are reportedly selling their mining equipment “by kilo,” as they have reached the “shutdown price” amidst the recent market crash. Cryptocurrency mining operations in China are reportedly selling mining machines by weight, as opposed to price per unit. This selloff was reported by local Chinese crypto outlet 8BTC Wednesday, Nov. 21, with […]

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Alibabacoin Foundation Is Going to List Their ABBC on Exchange Bitforex and Bit-Z

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After successfully listing their native currency ABBC on nine major exchanges around the world, Alibabacoin Foundation is excited to announce that they will be listing it on other popular exchanges called namely Bitforex and Bit-Z. Once they complete this listing, the users will be able to trade in ABBC through ten major exchanges worldwide. Alibabacoin Foundation recently […]

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Mongolia: Central Bank Gives Permission to Issue First Digital Currency

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A Mongolian telecoms company will issue its own digital currency after getting formal approval from the central bank. Mongolia’s largest mobile telecoms operator has become the country’s first licensed entity to issue its own digital currency. This is according to a report by the official state media outlet Montsame Friday, September 28. Mobicom’s financial arm […]

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