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Crypto Facilitates Money Transfer for Restricted China


Crypto is not illegal in China, but it is illegal for banks and financial institutions to deal in crypto. It’s also illegal to send or receive over $50,000 in fiat money without government permission. Restrictive banking regulations, international trade wars, and a surveillance state in...

15 Chinese Made USD 20M With Illegal Crypto Mining Scheme - Report


Fifteen suspects were arrested in south-central China, the city of Henyang, for stealing electricity from Internet cafes to mine cryptocurrency. The scheme reportedly involved bribing nearly 9,000 computer administrators and earned c. USD 20 million during the period of 24 months, reports Chinese...

Russian, Chinese Capital ‘Threat’ to Bithumb + More Crypto Briefs


Crypto Briefs is your daily bite-sized digest of cryptocurrency and blockchain-related news that went under the radar of the main Crypto news. _____ Cryptocurrency exchange news There’s a warning for cryptocurrency exchanges in South Korea. Per a News1 report, experts say that 80% of the country’s...

Chinese Media Denies Report of Upcoming State-Backed Digital Token


The building of the Chinese central bank. The report that the Chinese central bank will launch its digital token in the coming months and seven institutions will be the first to receive it are based on “not reliable” sources, major Chinese news app Tencent News, owned by tech giant Tencent, said...

Crypto Exchange: Taiwan to Become Libra’s Chinese-language Capital


Formosa Boulevard, a station of Kaohsiung MRT located in Sinsing District, Kaohsiung, Taiwan. A Taiwanese cryptocurrency exchange wants to join Facebook’s Libra Association – and believes that Taiwan will become Libra’s de facto center of gravity in Chinese-speaking countries. Per a report from...

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