Tag: China
All news related to the Asian giant.
Chinese Court Recognizes Bitcoin as an Asset Protected by the Law
Reading Time: < 1 minuteThe Shanghai District Court has ruled in favor of a Bitcoin owner and awarded him a compensation.
China Internet Giants Revise Their Policy Regarding NFT Platforms
Reading Time: < 1 minuteAnt Group and Tencent-owned NFT marketplaces have updated their user agreements due to fears of government reprisals and a lack of regulatory clarity.
Bit Digital Returns 39% of Mining Devices Back to Network After Moving From China
Reading Time: < 1 minuteThe Nasdaq-listed mining company has deployed 39.2% of cryptocurrency mining rigs in North America a few months after leaving China.
China Tights Punishments for Crypto Fundraising
Reading Time: < 1 minuteThe Supreme People’s Court of the People’s Republic of China has recently amended the legal norms on illegal attraction of funds, toughening criminal liability.
Changpeng Zhao Calls China’s Crypto Market Speculative
Reading Time: < 1 minuteChina has a quite speculative cryptocurrency market, where there are many novice traders with insufficient knowledge.
Central Bank of China to Develop a System for Tracking Crypto Transactions
Reading Time: < 1 minuteThe director of the Anti-Money Laundering Monitoring and Analysis Center of the People’s Bank of China has called for the creation of a cryptocurrency transaction tracking system to strengthen the regulation in the country.
Chinese Investors Use Cryptos to Purchase Real Estate in Japan
Reading Time: < 1 minuteThe Tokyo Internal Revenue Service has found out that Chinese investors purchased ¥27 billion ($237 million) worth of real estate in Japan using cryptos.
Ant Group and Tencent Distance Themselves from Term NFTs
Reading Time: < 1 minuteChina-based tech companies Ant Group and Tencent have changed the term “non-fungible tokens” (NFTs) to “digital collectibles” on their platforms and sites.
Binance to Close Access to OTC Trading for Users in Mainland China
Reading Time: < 1 minuteFrom December 31, 2021, crypto exchange Binance will remove the Chinese yuan from the list of over-the-counter (OTC) markets and close access to OTC trading for users in mainland China.
Bloomberg Finds PRC Corporate Bonds in Tether’s Reserves
Reading Time: < 1 minuteTether (USDT) includes short-term loans to large Chinese companies and loans to cryptocurrency lending platforms such as Celsius Network.
Huobi Decides to Shut Down Business in China Due to Authorities Pressure
Reading Time: < 1 minuteCryptocurrency exchange Huobi has decided to leave China after Beijing tightened the regulation of the cryptocurrency industry.
Media: Bitmain Will Suspend Mining Equipment Sales in China
Reading Time: < 1 minuteOne of the largest manufacturers of cryptocurrency mining devices, Bitmain, intends to suspend sales to Chinese miners.
China to Create Global Network for Mobile Payments Based on Digital Yuan
Reading Time: < 1 minuteChina is exploring the possibility of setting up an international mobile payment clearing and settlement network based on the national digital yuan cryptocurrency.
China Will Continue to Pressure Crypto Trading
Reading Time: < 1 minuteThe People’s Bank of China (PBoC) plans to continue applying a regulatory pressure on cryptocurrency trading.
People’s Bank of China Releases Digital Yuan WhitePaper
Reading Time: < 1 minuteThe People’s Bank of China, the central bank of the country, has just published the whitepaper of the e-CNY, the digital version of the yuan.
China’s Largest Electricity Provider Demands to Stop Crypto Mining
Reading Time: < 1 minuteChinese journalist Colin Wu has reported the Chinese state-owned power supplier State Grid Corporation of China (SGCC) has sent a notice to all regions of the country demanding to stop crypto mining.
Bitmain Suspends Sales Amid China’s Mining Ban
Reading Time: < 1 minuteChinese crypto mining devices maker Bitmain has announced it is temporarily suspending sales due to the uncertainty surrounding mining.
Crypto Miner BTC.com Leaves China Due to Power Supply Cuts
Reading Time: < 1 minuteBTC.com has just announced it is leaving China and moving its operations to Kazakhstan as a result of the measures adopted by the Chinese authorities against the mining sector.
CNBC Host Jim Cramer Sells His BTC Because of China’s Measures Against Industry
Reading Time: < 1 minuteJim Cramer has announced he has sold most of his Bitcoin holdings as a result of China’s crackdown on crypto mining.
Market Update – Bitcoin Drops to $32,000
Reading Time: 2 minutesThe market’s largest crypto by capitalization has lost 3.78% during the last day to $32,725.92 dragged down by the news coming from China.
One of China’s Largest Banks Announces Prohibition of Cryptos But Removes the Announcement
Reading Time: < 1 minuteThe Agricultural Bank of China has published an announcement in which states it is banning all cryptocurrency-related transactions.
Chinese Province of Sichuan Cuts Power Supply to Bitcoin Miners
Reading Time: < 1 minuteThe authorities of the Chinese province of Sichuan, which is known for its cheap electricity thanks to local hydroelectric power plants, have ordered state-owned power plants and distributors to stop […]
China Enables Conversion From Digital Yuan to Cash in Over 3,000 ATMs
Reading Time: < 1 minuteThe Beijing division of the Industrial and Commercial Bank of China (ICBC) has just added a new feature to its over 3,000 ATMs.
Chinese Authorities Order Miners in Qinghai to Cease Operations
Reading Time: < 1 minuteThe Provincial Department of Industry and Information Technology of Qinghai has ordered local mining companies to cease all their operations.
Chinese Search Engines are Censoring Huobi, OKEx and Binance
Reading Time: < 1 minuteWeibo and Baidu, the two most popular search engines in China, are reportedly censoring the keywords Huobi, Binance and OKEx.
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