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Major Chinese Banks Bar Customers From Buying Gold, Precious Metals


Major Chinese banks have taken measures to prevent customers from buying gold, platinum, palladium, and other precious metal-related products through them. The Shanghai Gold Exchange also says it may take necessary measures to curb gold trading to “protect investors.” Chinese Banks...

Chinese Police Take Down $6 Billion Plustoken Ponzi, Arrest 109 People


Chinese authorities have reportedly arrested 109 people in connection with the Plustoken Ponzi scheme. Twenty-seven of them are allegedly the scheme’s masterminds and 82 are key members. The Plustoken scammers have swindled funds worth about $5.7 billion from more than 2 million investors....

Chinese Arbitration Body Says Crypto Crackdown ‘Isn’t a Bitcoin Ban’


Beijing’s local arbiter has attempted to clarify the government’s stance on bitcoin (BTC) – and stated that the world’s most notorious crypto ban is not exactly a “ban” per se. In an unprecedented move from a Chinese legal body, the Beijing Arbitration Commission (BJAC) – one of nine local legal...

27 Arrests as Chinese Police ‘Completely Destroy’ PlusToken Bitcoin Scam


One of the most notorious and largest-scale bitcoin (BTC) scams of all time appears to have finally be taken down – with Chinese police swooping to arrest 27 suspects it said orchestrated PlusToken. Per state-owned media outlet Chinanews, the Ministry of Public Security, China’s police authority...

2020 Monsoon Season and Dam Stress Threatens Chinese Bitcoin Miners


Digital currency proponents have been discussing the 2020 monsoon season in East Asia and how there’s a possibility it could wreak havoc on large bitcoin mining operations located in China. Recent estimates note that China has 50% of the world’s bitcoin mining capacity but if mining...

Chinese Blockchain Network Integretes Ethereum, Tezos, NEO, and More


China’s Blockchain Service Network (BSN) platform will integrate the Ethereum (ETH), Ios, Tezos (XTZ), Nervos (CKB), NEO and IRISnet blockchain networks as an international portal is unveiled in August. Per a blog post, a version of the BSN – a network that already has full coverage in all major...

Chinese Blockchain-powered Cross-border Trade Pilot Handles USD 4.4bn


Operators of a Chinese blockchain-powered cross-border trade pilot platform are set to expand the platform’s scope – with multi-million dollar trade deals now being conducted in a key testbed area. Per Haiwainet, the central government is testing the efficacy of the network in the Guangdong-Hong...

Another Chinese Giant, Meituan Dianping, Might Test Digital Yuan – Report


The rollout of China’s much-discussed central bank digital currency (CBDC) is getting one step closer, as the People’s Bank of China (PBoC) – the country’s central bank – is said to have entered into discussions with a giant online food delivery platform for a trial of the digital yuan. Citing...

Blockchain Medical Prescriptions Coming in Chinese City + More News


Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news. Blockchain news A Chinese city said it will launch a blockchain-powered medical prescription app for smartphone-using residents. Per Zhihu,...

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