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China

China block reward mining industry stalls amid news of impending crackdown
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25 May, 2021

China block reward mining industry stalls amid news of impending crackdown

Digital currency miners in China, including HashCow and BTC.TOP, halted all or part of their local operations after Beijing officials...
China’s Inner Mongolia sets up hotline to report block reward miners
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21 May, 2021

China’s Inner Mongolia sets up hotline to report block reward miners

The Inner Mongolia Development and Reform Commission has set up a dedicated hotline and email address for locals to report...
China self-regulatory associations ban banks from digital currency transactions
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20 May, 2021

China self-regulatory associations ban banks from digital currency transactions

The three groups believe that digital currencies are disrupting China’s economic order and urged traders to be cautious when investing...
Alipay to enable test of digital yuan
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14 May, 2021

Alipay to enable test of digital yuan

The move was made possible by the involvement of MYbank, one of the leading internet-only banks in China, which is...
Block reward mining facilities under Beijing’s watchful eye
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5 May, 2021

Block reward mining facilities under Beijing’s watchful eye

The Beijing Municipal Bureau of Economy and Information Technology reportedly sent an "emergency notice" to the city's data center operators...
China’s retail giant JD.com pays employees with digital yuan
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30 April, 2021

China’s retail giant JD.com pays employees with digital yuan

JD.com confirmed recently that aside from the employees, it has also been paying off some of its business partners with...
CBDC development is accelerating, but China isn’t winning the race: PwC report
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24 April, 2021

CBDC development is accelerating, but China isn’t winning the race: PwC report

PwC published its inaugural Global CBDC Index recently, measuring global central banks’ maturity level in deploying their own digital currency.
Bitcoin Association’s Developer Bootcamp: How China is opening up to Bitcoin SV
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22 April, 2021

Bitcoin Association’s Developer Bootcamp: How China is opening up to Bitcoin SV

Forty of talented developers gathered last week on the beautiful island of Dong’ao, in Guangdong province, to attend the Bitcoin...
People’s Bank of China: Bitcoin is an investment option, not a currency
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21 April, 2021

People’s Bank of China: Bitcoin is an investment option, not a currency

Li Bo, the deputy PBoC governor, said the apex bank is satisfied with the current digital currency regulations in China,...
Chinese police arrest 15 over EOS gambling app, seize $3.8M in digital currencies
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18 April, 2021

Chinese police arrest 15 over EOS gambling app, seize $3.8M in digital currencies

Police in Yancheg city, Jiangsu province, have been investigating the operation since it came to their attention in October 2020,...
Macau steps closer to digital yuan use in casinos
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16 April, 2021

Macau steps closer to digital yuan use in casinos

Macau’s Chief Executive Ho Iat Seng informed the Legislative Assembly of plans to “study the feasibility of issuing a digital...
Digital yuan pilot moves to southern Hainan province
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12 April, 2021

Digital yuan pilot moves to southern Hainan province

In its latest test, the PBoC has partnered with the Industrial and Commercial Bank of China’s Haikou branch and the...