Search
Beijing’s $1.5 Million Digital Yuan Giveaway: China to Airdrop Digital Currency for Chinese New Year
9.2.2021
China is giving away 10 million yuan in its central bank digital currency in Beijing. Recipients can spend the digital yuan during the Chinese New Year festival. Beijing has become the third major city in China to test the central bank digital currency. 50,000 People to Receive Free Digital Yuan...
Report: Bitcoin Bull Run and Rising Awareness of Digital Currencies Led to a 20% Increase in Crypto Related Lawsuits in China
28.1.2021
A report from China says as many as 872 lawsuits relating to cryptocurrencies were filed in the past year, a figure which is approximately 20% more than that of 2019. Using data obtained from the China Judgment Document Network (CJDN), the report shows that the province of Guangdong had the highest...
Beijing Municipal Government Conference Notes Plans to Pilot CBDC in China’s Capital
9.11.2020
The discussion of China's digital yuan at a regional-level conference indicates the pilot is being included in state-level planning
Canaan Cuts Losses for Second Successive Quarter, Down To $2.4M in Q2; Demand Remains Weak
3.9.2020
Canaan Creative, the Chinese maker of bitcoin mining hardware, reported a net loss of $2.4 million during the second quarter of 2020, down from $5.6 million in the previous quarter. It is the second consecutive quarter of narrowing losses for the firm, hit hard by falling demand amid...
Chinese Courts Use Blockchain for Property E-Sealing
6.7.2020
Courts in China are rolling out blockchain-based electronic seals to protect property from being disturbed or damaged
China Issues Digital Currency Guide for Party Cadres
14.1.2020
Understanding a complex subject should be easier with access to educational materials. With blockchain and CBDC now part of Beijing’s political vocabulary, the Communist Party of China (CPC) has issued a guide to digital currencies meant to prepare party officials for upcoming changes in...
HSBC Closes 2 Branches Following New Protests in Hong Kong
3.1.2020
HSBC had two of its Hong Kong branches closed on Jan. 2, the first working day of the year, following attacks by protesters during the latest anti-government demonstrations on New Year’s Day. The banking giant also closed seven indoor ATM clusters and announced on Friday it will suspend...
Regulatory Roundup: China Blockchain ETF, France New Crypto Rules, Tokens Like Money in Russia
31.12.2019
In this roundup, we cover Russia’s supreme court recognizing tokens as assets like money and property, France’s new crypto regulatory framework, and several industry developments in China, including a blockchain ETF filing. We also cover Japan’s world conference for decentralized...
4 Beijing Regulators Issue New Crypto Activity Warning
27.12.2019
Four financial regulators in China have jointly issued a fresh warning regarding crypto trading activities in Beijing. The notice explains the reason for the warning and lists prohibited crypto activities, which have reportedly been surging as companies ramp up their blockchain promotion. Also...
Chinese Regulators Question 8 Crypto Companies in Shenzhen
20.12.2019
Authorities in Shenzhen have started pressuring crypto businesses operating in China’s tech capital. Eight companies, two suspected operators of trading platforms, and six entities allegedly associated with coin offerings, have been placed under inquiry, Chinese media revealed, with...
Another Chinese Lender Bailed Out After Bank Run
3.11.2019
Yichuan Rural Commercial Bank, a lender operating in the central Henan province, has become the latest Chinese bank to be bailed out by the government this year. The small financial institution, which has around 30 branches only in the Yichuan county, experienced a bank run sparked by rumors that...
The Xi Effect – Chinese Government to Fund Blockchain Projects
31.10.2019
Chinese President Xi Jinping’s announcement that the country would invest heavily in blockchain technology – coupled with a sweeping move to remove online posts suggesting such technology is a scam – has nourished optimism long-held by crypto advocates. Of course, the reality...
CoinEx Chain Elects New Node Partners
16.10.2019
Hosted by CoinEx Chain Foundation, “CoinEx Chain Global Nodes Election Launch Conference” was successfully held in Shenzhen on Oct 16. The conference marked the official launch of CoinEx Chain’s nodes election. More than 500 blockchain practitioners, including investors, KOLs, technical...
Vanuatu Extradicts Six Chinese Citizens Allegedly Involved in Crypto Scheme
11.7.2019
Six suspects in an alleged cryptocurrency scheme have been extradited to China from Vanuatu
Tron 'Partners' With Local Police Against Angry Mob at Beijing Office
8.7.2019
Chinese police surrounded Tron’s office in Beijing as angry investors gathered to protest a scam with a similar name
Free Law Project’s Courtlistener Repository Now Accepts Bitcoin Cash Donations
18.6.2019
On Monday, Bitcoin Cash (BCH) supporters learned that the popular website that focuses on U.S. court documents and the litigation system, Courtlistener.com, is accepting BCH for donations. Courtlistener captures hundreds of thousands of visitors every month by making high quality legal data widely...
Foreign Ownership in IT and Telecom to be Restricted by Japan
27.5.2019
Cybersecurity has been a recurring issue for the most government over the past decade or so and the worries went up several notches when the United States accused Chinese telecom giant of being a vehicle for spying for Beijing. The company was eventually banned and blacklisted, but many other...