Tag: China
All news related to the Asian giant.
Chinese Court Recognizes Bitcoin as an Asset Protected by the Law
Reading Time: < 1 minute The 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 minute Ant 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 minute The 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 minute The 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 minute China 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 minute The 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 minute The 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 minute China-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 minute From 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 minute Tether (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 minute Cryptocurrency 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 minute One 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 minute China 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 minute The 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 minute The 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 minute Chinese 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 minute Chinese 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 minute BTC.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 minute Jim 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 minutes The 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 minute The 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 minute The 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 minute The 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 minute The 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 minute Weibo and Baidu, the two most popular search engines in China, are reportedly censoring the keywords Huobi, Binance and OKEx.
