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Chinese police bust $1.9B USDT underground banking racket
16.5.2024
The authorities destroyed two underground operations in Fujian and Hunan, and the police also froze 149 million yuan worth $20 million linked to the USDT banking operations
Chinese government-owned newspaper to launch NFT platform
9.10.2023
China Daily stated that digital collectibles sold on its platform may be bridged to the likes of Opensea and LooksRare
Bitcoin Jumps 4% as Upbeat China Manufacturing Data Improves Risk Appetite
1.3.2023
The cryptocurrency's Wednesday bounce is consistent with the recent trend of Asian flows leading the market strength
Chinese court invalidates 2019 car sale made using now worthless crypto token
20.6.2022
It appears that not only was the sales contract invalidated, but the buyer paid for the car with a questionable digital token in the first place
Chinese Courts Sentence Crypto Miner, Fraud Rings as Enforcement Continues
14.12.2021
Crypto mining and investment in most of their forms have been shunted to the margins of society in China, but in some parts of the country, appetite for mining coins remains high, to the extent that some seem prepared to steal electricity from the grid to fuel their efforts....
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Bitcoin price is 3-4 weeks away from new $24K-$29K range, market analyst warns
9.7.2021
The bearish outlook surfaces as Bitcoin prices form a classic cup and handle pattern, now in the last stage of its maturity
Belarus President Calls to Increase Regulation on Cryptocurrencies, Citing ‘China’s Experience’
18.3.2021
The Belarusian president held a meeting over the week where he mentioned cryptocurrencies within the context of regulating the IT industry. Alexander Lukashenko hinted at tightening the regulatory framework to control crypto usage in Belarus. Lukashenko Seeks to Create a Unified Governmental...
China Drafts Law to Legalize Digital Yuan, Outlawing Competitors
24.10.2020
China’s central bank, the People’s Bank of China (PBOC), has drafted a law to legalize the digital yuan and outlaw digital currencies issued by anyone else competing with it. Meanwhile, the central bank has been cracking down on gambling sites that use the stablecoin tether. China...
Major Chinese Bank Launches Central Bank Digital Currency Wallet Briefly
29.8.2020
One of China’s biggest banks recently opened up registration for wallets using the country’s central bank-backed digital currency. There are four levels of the wallet, according to reports. However, the bank took the offer down a few hours later. China’s Digital Currency Wallet...
$50 Billion in Cryptocurrency Left China Amid Escalating Trade Wars
24.8.2020
Over $50 billion in cryptocurrency flowed out of China over the past 12 months amid trade wars, a new study finds. East Asia is the world’s largest cryptocurrency market; its crypto trading volume is driven by “a robust professional market” as well as an “extremely...
Chinese Authorities Confiscate $15 Million in Cryptocurrencies, Arrest 10 Scammers
11.7.2020
Chinese authorities have seized cryptocurrencies worth about $15 million while bringing down a scam involving fake Huobi tokens. In addition, ten people were arrested while luxury cars and real estate were confiscated. The police in the Chinese city of Wenzhou, Zhejiang province, have cracked...
China Is Drafting Laws for the Circulation of National Digital Currency
26.3.2020
Amid the coronavirus pandemic, China’s central bank has reportedly completed the basic development of the nation’s central bank digital currency. The central bank is now drafting legislation for its circulation, according to local media. A number of patents have revealed what...
Regulatory Roundup: Trump’s Cryptocurrency Proposals, IRS Changes Rule, China Quarantines Cash
18.2.2020
In this roundup, we cover numerous cryptocurrency regulatory developments in the U.S., including President Trump’s crypto proposals, testimonies by the Federal Reserve chairman and the Treasury secretary, a crypto-friendly SEC proposal, and the IRS changing a crypto tax rule. We also cover...
China’s New Digital Currency Will Be Similar to Facebook’s Libra
9.9.2019
Changchun Mu, the Digital Currency Research Institute chief and former deputy director of the payments and settlement division at the People’s Bank of China (PBoC) commented on their newly proposed digital yuan. He revealed that the new digital currency bears similarities with Facebook’s...
Tether Announces Its Future Plans to Launch Two New Stablecoins for Users
6.9.2019
Tether, the popular crypto-fiat hybrid stablecoin firm, is planning to come in the limelight of the financial sphere, with the launch of two new crypto assets. According to the news, one coin of the controversial crypto firm will be secured with precious and lucrative commodities like gold...
The People’s Bank of China (PBoC) Keeps a Tighter hold on FinTech
3.9.2019
The most recent news declares that PBoC (The People’s Bank of China) is looking forward to keep a tighter grip on the country’s FinTech, digital lending markets, and Blockchain. Additionally, China’s national bank stated that it expects to use the technology to upgrade the flow...
People’s Bank of China Denies Media Reports About Launching State-Backed Cryptocurrency
30.8.2019
Recently, the People’s Bank of China, known as the Central Bank of the nation, has confirmed that the bits of gossip regarding the launch of a state-backed cryptocurrency is false. The declaration was made in the report by The Global Times, the official paper of the Communist Party of China...
In Race to Lead Global Crypto Sphere, Will US Surrender its Dominion to China, Questions Binance CEO
28.8.2019
Yesterday, Changpeng Zhao raised a burning question on his official Twitter handle about whether it will be a race or will China get it just like that from the U.S. Now is it going to be a race? Or will US just hand it to China? Thoughts? https://t.co/lDRoAsYsHF — CZ Binance (@cz_binance)...
TRON Climbs on Crypto Rankings in China to Claim 3rd Spot
5.8.2019
TRON has had a fantastic run in 2019, barring the canceled Warren Buffett lunch. The crypto project grew significantly in terms of the user base, dApps, and general adoption. The massive leaps the token has taken after getting autonomy from Ethereum in June last year, it has managed to climb...
Justin Sun’s Withdrawal from Lunch with Warren Buffett Gets More Dramatic, Found Partying
26.7.2019
Justin Sun is suddenly trapped in a series of controversies, soon after Tron Foundation informed that the Power of One Lunch with Warren Buffett had been postponed. Rumors are all over the internet, and they haven’t stopped popping up. Let’s take a look at the series of events, right from...