Tagged: mongolia

CEO of Crypto Exchange IDAX Global Disappears, Exchange Experiences “Impeded Withdrawals”

An opaque cryptocurrency exchange IDAX Global has reported that its CEO has disappeared. The news comes at a time when the exchange was experiencing “channel congestion” for withdrawals.” Several days ago, IDAX Global posted the following note: Dear IDAX users: Recently, the demand for IDAX… Read More

Authorities Crack Down on Cryptomining in Mongolia, Call Crypto “Pseudo-Financical Innovation”

Officials from five government departments in the Inner Mongolia Autonomous Region of China are gearing up to crack down on crypto mining in that region, Chinese crypto media outlet ChainNews reports. Mongolia’s Autonomous Region Development and Reform Commission, Public Security Department, Office of the Ministry… Read More

Bittrex Partners With Bit mon Ex to Launch Digital Asset Trading Platform in Mongolia

Cryptocurrency exchange Bit Mon Ex recently announced it has teamed up with Bittrex to launch its digital asset trading platform in Mongolia. Bit Mon Ex claimed that through the partnership, Bit Mon Ex will use BitFinex technology to offer customers a secure, reliable, and advance… Read More

Small Japanese Firms Believe Mongolia Could Be Cryptomining Promised Land. Is It?

“The business environment is increasingly harsh, but we can still produce a profit.” Two large Japanese IT companies, DMM and GMO, recently closed or considerably shrank their cryptomining operations citing millions in 2018 losses. That hasn’t stopped the Japanese firm Ginco Mongol, whose CEO furnished the… Read More

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