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China

Institutional investment broker OSL receives digital asset trading license from HK regulator
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24 December, 2020

Institutional investment broker OSL receives digital asset trading license from HK regulator

OSL does not provide services to retail investors, with its clientele restricted to institutions, high net worth individuals (over US$1...
Bitmain lost money in 2019, lawyers tell court in China
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22 December, 2020

Bitmain lost money in 2019, lawyers tell court in China

Lawyers representing Bitmain Technologies disclosed at a recent court hearing that the ASIC mining hardware manufacturer recorded a loss of...
Digital yuan not a replacement for the US dollar: ex-PBoC governor
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17 December, 2020

Digital yuan not a replacement for the US dollar: ex-PBoC governor

China had learned a lesson from the hostile reception Libra, now Diem, has received globally, according to the former governor...
China and Hong Kong working on digital yuan cross-border payments
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9 December, 2020

China and Hong Kong working on digital yuan cross-border payments

Hong Kong’s central bank has been working with China’s digital currency institute to trial the use of the digital yuan...
China: ‘Embrace blockchain, ignore crypto’
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8 December, 2020

China: ‘Embrace blockchain, ignore crypto’

Authorities in China are pressing individuals and businesses to embrace the potential of blockchain technology while ignoring the role of...
Russia central bank snubs private ruble-pegged stablecoins
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7 December, 2020

Russia central bank snubs private ruble-pegged stablecoins

The Chinese model for its digital yuan is a better template for Russia in exploring a central bank digital currency,...
BTC miners in Yunnan province lose power: reports
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6 December, 2020

BTC miners in Yunnan province lose power: reports

Baoshan authorities have reportedly ordered electricity producers to stop supplying power to some block reward miners from the city.
PlusToken scam: Top operators jailed for up to 11 years
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5 December, 2020

PlusToken scam: Top operators jailed for up to 11 years

A Chinese court also fined the PlusToken operators up to $900,000 for their roles in the $2.25 billion Ponzi scheme.
China’s $3 million DC/EP lottery
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4 December, 2020

China’s $3 million DC/EP lottery

The city of Suzhou in China will be distributing 20 million yuan ($3 million) of China's central bank digital currency–the...
US emerging as block reward mining powerhouse
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2 December, 2020

US emerging as block reward mining powerhouse

Industry watchers have noticed that hashrate emanating from North American has been increasing, eroding the centralized collective market share that...
PlusToken scam: China seizes $4.2B in digital currencies
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2 December, 2020

PlusToken scam: China seizes $4.2B in digital currencies

Court documents from the Jiangsu Yancheng Intermediate People's Court revealed that Chinese police had seized over $4.2 billion in digital...
Digital yuan trial coming to China’s Suzhou City
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28 November, 2020

Digital yuan trial coming to China’s Suzhou City

Beginning December, residents across the city will be the central bank digital currency in so-called “red packets,” with 50,000 packets...