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China’s Crypto Game—Understanding the Dragon’s Move


China has been one of the staunch critics of cryptocurrencies and has always adopted a reserved approach. The country has strict and stringent laws imposed on the crypto industry, which forced several companies to either end operations or move their bases out of the country. Ironically, some of...

HSBC Closes Account Used to Support Hong Kong Protesters


For months on end, Hong Kong has been the scene of intensive confrontation between pro-democracy activists and its Beijing-supported government. It now seems the financial establishment has taken a side in this conflict. Banking giant HSBC has decided to close an account used to support the protest...

Bitcoin Price Slides Further on China Crackdown News


Bitcoin (BTC) price slumped to a six-month low on Friday as China’s central bank launched on Friday a fresh crackdown on cryptocurrency trading in Shanghai. People’s Bank of China (PBOC) Shanghai headquarters said in a statement it would crack down on a resurgence of illegal activities around...

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