China Targets Cryptocurrencies In Online Pyramid Scheme Crackdown

In India, Arun Jaitley had once said that cryptocurrency is not legalised as of now China will crack down on online pyramid schemes, including speculation masked as cryptocurrencies and online games, the public security ministry said on Friday. The ministry will act jointly with the industrial and commercial department to stamp out pyramid-type schemes, besides punishing those who swindle students and vulnerable groups, the ministry said in a statement on its website. Chinese regulators have moved to rein in financial risks associated with virtual currency trades and pyramid schemes. A…

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2016 funding for Italy’s PON scheme still unconfirmed

ELT providers in the UK are waiting anxiously to find out if funding for Italy’s PON scheme, which provides group scholarships for language study abroad in Europe, will be released this year. This, along with the programme’s challenges and opportunities, was a hot topic of discussion among providers in London this week. Jimmy Hordon, Target English International, outlined some of the opportunities and challenges of the PON scheme. Photo: The PIE News. Beckie graduated from the University of Leeds with a degree in Japanese, during which she lived in Kyoto…

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