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China News and Articles


Chinese BTC owners will be able to pass coin by inheritance


A bill on the inheritance of Internet property, including cryptocurrency, has recently been submitted to the Chinese government. Proponents of the adoption of such a document emphasize that the conditions for amending civil law on inheritance are already ripe. That was reported by local media,...

China stablecoin

Chinese politician proposed to release stablecoin for Asia


Shen Nanpeng, a member of the Chinese People’s Political Consultative Conference and Managing Partner of Sequoia Capital, has invited the government to issue stablecoins backed by a basket of fiat currencies. This is reported by Cryptobriefing. He came up with this initiative during a council...


Huobi cryptocurrency exchange scammers arrested in China


Chinese law enforcement officers arrested a group of scammers who impersonated employees of the Huobi cryptocurrency exchange. Local news outlet Jinse reports that police detained 12 people. These people, through various cryptographic groups on WeChat, spread calls to invest in some kind of...


China approves Binance listing in the national domain zone


Cryptocurrency exchange Binance registered a domain name through the government of China. In April, the Ministry of Industry and Information of China approved the domain name The domain name is registered with Shanghai Bi Nai Shi Information Technology (the name says Binance...

WoToken pyramid

Chinese police arrested WoToken pyramid organizers


Chinese law enforcers arrested the organizers of the second largest crypto pyramid WoToken. This is with reference to local media reported the managing partner of Primitive Ventures Dowey Wan. According to court documents, the organizers of the Ponzi scheme raised $1 billion of user funds,...

Bitcoin drops because coronavirus

Coronavirus report interrupts Bitcoin movement above $9000


Investors expect an exacerbation of the trade war between China and the United States over the coronavirus. This could affect the price of bitcoin, which previously fell below $9,000. It is reported by Bitcoinist. The day before, bitcoin reached $9203, but subsequently, its market value fell to...


China's CB attracted another development team to test token


The number of participants in the Chinese Digital Currency (CBDC) launch project continues to expand. The People's Bank of China announced that a startup specializing in the development of services based on AI is going to take part in testing the digital version of the renminbi. The SenseTime team...


China aims to use excess hydropower in blockchain industry


The authorities of Ya'an, one of the cities in the Chinese province of Sichuan, issued a guide on the use of “strategic opportunities in the blockchain industry," which include the use of excess hydroelectricity. In December, China accounted for 65% of the world's bitcoin hashrate, and the...

Chinese fraudsters in Malaysia

14 Bitcoin fraudsters from China were arrested in Malaysia


Malaysian law enforcers have arrested Chinese attackers accused of cryptocurrency fraud. It is reported by the South China Morning Post. According to police, the detainees pretended to be successful investors, and their victims were found mainly in China. To reinforce this legend, they created...

People's Bank China

China's CB says the release of CBDC won't raise inflation


The upcoming issue of regulated digital currency (CBDC) in China is widely perceived by society. Many people fear that after the launch of the digital version of the renminbi, inflation will surge. That may lead to further economic difficulties. The representative of the People's Bank of China at...

Enjin platform

Enjin blockchain gaming platform enters the Chinese market


The Enjin game platform opens access to its wallet for the Chinese region. According to a report on Monday, ENJ is now "approved and submissive with regulatory requirements in China." In a comment to CoinDesk, Brian Kortendik, vice director of marketing at Enjin, said the wallet was...

People's Bank

China introduced a test interface of CB's digital currency


One of the participants in the project to launch a regulated token (CBDC) in China presented his version of the interface for operations with this asset. As the portal Coin Desk clarifies, customers of the Agricultural Bank of China will be able to use the interface in test mode....


China unveils members of its national blockchain committee


The Ministry of Industry and Informatization of the PRC has declared a list of affiliates of its national blockchain committee, which is going to establish rules in the field. To ensure that the federal criteria set by the team were consistent with applicable laws and additionally contributed to...

Alibaba and Tencent

Tencent and Alibaba filed for the most blockchain patents


Chinese tech titans Tencent and Alibaba recorded the highest quantity of blockchain patents last year. Tencent and its affiliates listed 718 applications, Alibaba Group - 470 of more than 5800 (20% of the whole number of applications)....

CCID crypto rank Bitcoin

Crypto TOP: Bitcoin fell to 3 positions, the leader is EOS


The China Electronic Information Industry Development (CCID) has published the next 17th cryptocurrency rating in a row, in which EOS still ranked first. Bitcoin (BTC) moved down to rank 14, skipping ahead Cosmos (ATOM), Stellar (XLM) and DASH. The three leaders in comparison with the previous...

Tesla blockchain CargoSmart

Tesla tested blockchain app to optimize logistics processes


Tesla, an electric car manufacturer, became one of the participants in a pilot test of a blockchain application designed to accelerate the import of goods into China. The project was led by a Hong Kong-based supplier of supply chain technology, CargoSmart Limited. In addition to Tesla, COSCO...

Digital Yuan

China is closer to launching digital yuan thanks to Alipay


The People's Bank of China, with the support of the payment company Alipay, has finished work on the basic functionality of the digital currency and has now focused on preparing laws to regulate its circulation. Indirectly, the transfer of the project to a new stage is indicated by Alipay's...

PBC China blockchain trade DLT

China allocated $5 million for trading blockchain platform


The People's Bank of China has allocated ¥32.35 million ($4.7 million) to its DLT platform for trade finance. This was reported by the Global Times. Sources of the Global Times believe that 3-year funding will strengthen the security of the information exchanged and facilitate the access of small...

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