China close to releasing national blockchain standards, official reveals
China releasing

China close to releasing national blockchain standards, official reveals

Home » Business » China close to releasing national blockchain standards, official reveals An official at a Chinese national standardization agency has revealed that the country is inching closer to releasing national blockchain standards. The official stated that the standards are awaiting approval and will most likely debut in 2022. China has heeded the call…

China urges US companies to accept digital yuan
China urges

China urges US companies to accept digital yuan

China embarked on developing its digital currency in 2014—a digital yuan that’s regulated by the central bank. e-CNY as a legal tender and its new issuance layer The People’s Bank of China (PBoC) has been actively leading the work on digital yuan, a central bank digital currency (CBDC) that aims to replace some of the cash in…

China Prepared to Get Rough with Crypto Crackdown Enforcement
China Ready

China Prepared to Get Rough with Crypto Crackdown Enforcement

Source: Adobe/Mariia KorneevaAfter the bluster, the real Chinese crypto crackdown is set to begin – with regulators, courts and law enforcement agencies now looking at how to implement the terms of last month’s tumultuous joint declaration on cryptoasset-related activities.The watershed declaration was authored by the central People’s Bank of China (PBoC) and called on companies…

How do BSV still achieve China under new restrictions?
China flourish

How do BSV still achieve China under new restrictions?

The BSV industry in China needs to build applications aimed at enterprise-tier data users from now on, rather than creating tradeable tokens and payment services. That’s the opinion of Fueng Li, creator of BSVdata.com, in light of China’s recent tightening of regulations concerning blockchain technology and associated activities. China has now essentially forbidden all monetary…

The China Ban IS WONDERFUL FOR Bitcoin
Ban” China

The China Ban IS WONDERFUL FOR Bitcoin

The Chinese ban of Bitcoin shows that the currency is delivering on its promises to enable freedom, something communism doesn’t appreciate.Today, news surfaced that China had issued a final and complete ban on Bitcoin. Harsh, it seems, right? Headlines of the likes of “China declares cryptocurrency transactions illegal; Bitcoin price falls” invoke a sense that…

The Peoples Lender of China Bans Bitcoin, Again
China People’s

The Peoples Lender of China Bans Bitcoin, Again

The People’s Bank of China reposted a memo from September 15th that addresses the country’s Bitcoin ban to their website, causing widespread Bitcoin selling and a Friday morning price dip.The People’s Bank of China (PBOC) reposted a memo from September 15th that addresses the country’s Bitcoin ban to their website, causing widespread Bitcoin selling and…

China bans Bitcoineven more this time around
Bitcoin—even China

China bans Bitcoineven more this time around

News that the People’s Bank of China finally intends to ban all “virtual currency” related transactions crashed the digital asset markets today. Prices of popularly traded assets dumped between 9-25% after the central bank issued a statement saying it would declare any virtual currency-related trading activity illegal and ban transactions to exchanges based overseas. Citing…

China doubles straight down on blockchain to digitize securities market
China Doubles

China doubles straight down on blockchain to digitize securities market

Home » Business » China doubles down on blockchain to digitize securities industry China intends on leveraging blockchain technology to digitize its securities industry. Representatives from the country’s largest stock exchanges and regulatory bodies met recently to discuss the future of the securities industry, and they concurred on blockchain playing a central role. The event was organized…

China mining shock might not be more than yet, experts suggest
China Mining

China mining shock might not be more than yet, experts suggest

Despite Bitcoin’s perceived hash rate recovery, analysts noted that the recent 150 EH/s reading was based on a short 24-hour window.

Peoples Lender of China inside Shenzhen clean up program targets illicit digital foreign currency firms
China People’s

Peoples Lender of China inside Shenzhen clean up program targets illicit digital foreign currency firms

Home » Business » People’s Bank of China in Shenzhen ‘clean up’ plan targets illicit digital currency firms The People’s Bank of China in Shenzhen has promised to “promptly clean up and rectify” a number of companies involved in illicit cryptocurrency trading, in the latest signs of a crackdown from the central bank. According to…