ETHERLive delivers real-time price and volume data across 16+ exchanges to users in a clear and easy-to-understand package. Users can get up-to-the-second updates for each exchange/currency pair, as well as aggregated market averages for each exchange, currency, and the market as a whole. It also provides a global converted average of all the currency pairs monitored by ETHNews, converted to USD.


24hr ---
Friday Mar 23rd 2018

The Basics

Learn the basics of Ethereum and various cryptocurrency technologies

Learn More

What is Ethereum?

Understand the underlying principles of the Ethereum Platform

Learn More

The Blockchain

Discover the revolutionizing technology known as the blockchain

Learn More

Press Release

Submit a press release for consideration on ETHNews

Submit Press

Story / Dapp

Submit a story or DAPP to be considered for publication on ETHNews.

Submit Story


Submit "Ethereum Explainer" content for consideration to be featured on ETHNews

Submit Topic
ETHNews Logo
Ether Price Analysis
Contact Us

Monetary Authority Of Macau Prohibits Cryptocurrency Finance



De Silva

On Wednesday, the Monetary Authority of Macau announced that financial institutions are prohibited from participating in or providing their services to cryptocurrency businesses and organizations that have undertaken token offerings (ICOs).

On September 27, 2017, the Monetary Authority of Macau (AMCM) published a notice that banks and payment providers in the autonomous region of China must avoid cryptocurrency customers. Financial institutions are barred from working with cryptocurrency businesses and entities pursuing token offerings (also called ICOs). Banks and payment providers are also forbidden from participating in such activities. In the English version of Wednesday’s announcement, the AMCM recounted its previous statements about virtual currency. In a 2014 press release, the regulator declared that bitcoin is “a type of virtual commodity which is neither a legal tender nor a financial instrument subject to supervision.”

A gambling paradise, Macau is located on China’s southeastern seaboard. As the only region in China where gambling is legal, Macau receives an eye-popping 50 percent of its revenues from gambling tourism. At present, at least one company is attempting a multi-million dollar token offering for a gambling-related venture in Macau. Now that Macau’s financial institutions cannot support cryptocurrency businesses, early-stage crypto companies face a significant hurdle.

The AMCM’s proclamation closely follows mainland China’s restrictions on cryptocurrency. At the outset of this month, the People’s Bank of China and other government agencies declared a blanket ban on ICOs. Companies that had undertaken token offerings were mandated to return funds to investors – so far, about 90 percent of Chinese token offerings have reportedly complied with the order. Although over-the-counter cryptocurrency trade persists, Chinese authorities have forced an end to trade on exchanges. As Chinese cryptocurrency exchanges wind down their activity, the government has effectively instituted a travel ban on the exchanges’ executives.

Matthew De Silva

Matthew is a writer with a passion for emerging technology. Prior to joining ETHNews, he interned for the U.S. Securities and Exchange Commission as well as the OECD. He graduated cum laude from Georgetown University where he studied international economics. In his spare time, Matthew loves playing basketball and listening to podcasts. He currently lives in Los Angeles. Matthew is a full-time staff writer for ETHNews.

ETHNews is committed to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Macau, token offering or other Ethereum world news.