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China News and Articles

China ban news platforms

Chinese Ban Expands to Crypto News Portals


China is decisive to eliminate the exposure of Chinese residents to cryptocurrencies. The authorities didn't overlook news outlets and mining pools. Recently, major crypto media provider Chainnews, founded in 2017, announced shutting down. The editor-in-chief informed about the decision in his...


China to begin to fine state-owned companies continuing BTC mining


The government of the People's Republic of China intends to impose harsh penalties on government agencies that continue to mine digital assets in the short term. The authorities want to speed up the process of the complete eradication of cryptocurrencies from all areas of activity. As of today, the...

China Communist Party Xiao Yi

Chinese Party Expels an Official for Violating Crypto Ban


Xiao Yi, an ex-Chinese politician was expelled from the Communist Party for exploiting his power and being engaged in crypto mining operations. On November 13, the Central Committee of the Chinese Communist Party (CCP) announced the decision, presenting reasons. The report says that the highest...

Binance delists Chinese Yuan

Binance to Disallow Chinese Yuan Trading


Today, leading cryptocurrency exchange by trading volume Binance released a Notice, announcing the delisting of the Chinese Yuan from its consumer-to-consumer (C2C) trading zone. CNY will be removed at 24:00 (ET) on December 31, 2021. In addition, the firm will carry out a checklist of users. In...

China crypto law

China to Sentence Crypto Activities: Caijing Journalist


Today, a journalist at Beijing political magazine Caijing, Yan Qinwen Zhang Yingxin reported that China is considering ways to convict and sentence crypto activities by law. While currently there is no legal framework providing this option, the country plans to establish a judiciary system for...

Bitmain China

Crypto Mining Firm Bitmain Stops Shipping to China


Leading crypto mining manufacturer Bitmain announced it no longer delivers mining equipment to China (except for Hong Kong and Taiwan). According to the press release published by the company, it suspends the shipping from October 11. As for overseas business activities, they continue as usual. The...

China crypto ban

Over 20 Crypto Firms Leave China: China Securities Journal


China announced stricter measures against the crypto industry to detect and prevent any activity on September 24. But regulators didn't stop there. Today, China National Development and Reform Commission included virtual currency mining in the list of eliminated industries to seek public opinion....

Edward Snowden bitcoin

Edward Snowden Believes China's Ban Made Bitcoin Stronger


Edward Snowden, who previously worked for the U.S. National Security Agency as an IT expert, finds that Bitcoin only got stronger after the ban from China. On October 4, Snowden shared his opinion via a tweet. In May 2020, when China announced that trading crypto is illegal in the country, he wrote...


CoinEx crypto exchange leaves the Chinese market


One after another, cryptocurrency exchanges are announcing a gradual withdrawal from the Chinese market. At the end of last week, platforms Huobi and Binance announced the termination of registration of new users from China. After that, lesser-known trading platforms issued similar statements about...

Bobby Lee

Bobby Lee expects all OTC platforms in China to close


The Chinese authorities will continue to put pressure on the crypto sphere; soon, we should expect new prohibitive initiatives from the People's Bank. This point of view is shared by the ex-head of the BTCC exchange Bobby Lee. On CoinDesk TV, he announced that over-the-counter (OTC) platforms are...


Institutionals took advantage of the fall in the PRC stock market


Over the past few months, institutional investors have been withdrawing from bitcoin funds and investing in altcoin-focused products. According to CoinShares, financial institutions took advantage of the fall in the Chinese stock market and invested in crypto products at the most comfortable prices...

China crypto crackdown

China Adopts Unprecedented Strict Measures Against Crypto


The government of China is taking stricter steps against the crypto sector. Authorities teamed up to ban crypto activities. On September 24, China's central bank said all crypto-related transactions are considered illegal. Foreign exchanges can't deliver services to people from China. The Central...


People’s Bank of China calls on citizens to abandon BTC


In the spring, the Chinese authorities sharply increased pressure on companies representing the cryptocurrency industry. At first, almost all miners came under pressure, and officials began to squeeze them out of the country. Then the crackdown on cryptocurrency services began, and Beijing banned...


China continues to tighten control over crypto companies


The PRC authorities continue to establish tight control over companies representing the cryptocurrency business. Earlier, the People's Bank has repeatedly stated that this course will continue. The regulator opposes the use of bitcoin and other decentralized cryptocurrencies. Alternatively, he will...


CB of China continues to tighten control over cryptosphere


The Chinese authorities will not only put pressure on miners but will also continue to tighten control over crypto traders. The corresponding statement was published at the end of last week by the Central Bank of China. The regulator plans to announce new measures in the coming months that will...

China blockchain-based CO2

China Presents First Carbon Offset on the Ant Blockchain


Major port city in China, Tianjin issued the country's first blockchain-based carbon offset. The news comes a day after China announced the launch of its national carbon market. Tianjin Climate Exchange revealed the initiative at a conference on fintech and green finance held on July 15. The...

Digital Yuan development

China Issues Digital Yuan Whitepaper


China is one step closer to the launch of the digital Yuan. Today, the People's Bank of China (PBoC) has released a whitepaper of the CBDC. The paper shows that electronic Chinese yuan (e-CNY) is created to be programmable with smart contracts functions. However, the date of the official launch or...

Jihan Wu

Bitmain ex-head praised PRC for adding control over crypto


According to the former CEO of Bitmain, Jihan Wu, strengthening control over the cryptocurrency industry will positively affect the development of this market segment. He expressed his point of view at the Asia Tech x Singapore conference. Cryptocurrency market capitalization has already exceeded $...

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