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China

China latest 5-year plan includes multi-year crackdown on tech sectors
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17 August, 2021

China latest 5-year plan includes multi-year crackdown on tech sectors

Authorities in Beijing confirmed that recent steps to tighten controls on digital currency and other sectors would not be abating...
Beijing underground rolls out full integration of CBDC for payments
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12 August, 2021

Beijing underground rolls out full integration of CBDC for payments

The city’s railway announced last week that the digital yuan, or e-CNY, would be available immediately at 428 stations across...
Huobi to dissolve digital currency exchange in China
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30 July, 2021

Huobi to dissolve digital currency exchange in China

The move sees Huobi join fellow digital currency exchange OKEx in closing down its Chinese arm, following the People’s Bank...
Shenzhen-based BIT Mining raises money to expand overseas
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20 July, 2021

Shenzhen-based BIT Mining raises money to expand overseas

BIT Mining Limited has raised $50 million in additional capital through a private placement to expand its overseas operations as...
OK Group inks deal to help China fight money laundering with blockchain
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18 July, 2021

OK Group inks deal to help China fight money laundering with blockchain

The company revealed that its blockchain intelligence solution has already helped Chinese police recover 10 billion yuan ($1.5 billion) in...
Anhui Province shuts down block reward miners, cites power shortage
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16 July, 2021

Anhui Province shuts down block reward miners, cites power shortage

Anhui cited a directive by the State Grid Corporation of China, the national electricity distributor, which has urged authorities to...
People’s Bank of China ramps up digital currency crackdown
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11 July, 2021

People’s Bank of China ramps up digital currency crackdown

Authorities from the People's Bank of China recently issued a notice warning local institutions not to provide digital currency-related companies'...
China shuts down software maker as crackdown on digital currency mining intensifies
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9 July, 2021

China shuts down software maker as crackdown on digital currency mining intensifies

Beijing Qudao Cultural Development Company, a marketing and public relations firm registered in 2016, is accused of “providing software services...
Plummeting hash rate: The good and bad news
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5 July, 2021

Plummeting hash rate: The good and bad news

Although the drop in hash rate will have a negative consequence on the digital currency markets in the short term,...
China rolls out digital yuan for subway payments in Beijing, Suzhou
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3 July, 2021

China rolls out digital yuan for subway payments in Beijing, Suzhou

The municipal government of Beijing announced that users of the Industrial and Commercial Bank of China digital app would be...
CoinGeek Zurich highlights BSV blockchain initiatives in China
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1 July, 2021

CoinGeek Zurich highlights BSV blockchain initiatives in China

At the recent CoinGeek Conference in Zurich, Bitcoin Association’s Lise Li assembled a panel of Chinese developers to hear more...
‘Miners are being turned off’: TAAL COO Lars Jorgensen talks China’s ban and BSV energy efficiency
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30 June, 2021

‘Miners are being turned off’: TAAL COO Lars Jorgensen talks China’s ban and BSV energy efficiency

Lars Jorgensen, Chief Operating Officer of TAAL, shares his thoughts on China’s mining ban and what it means for the...