China Is Mining Bitcoin Underground: Report
China Mining

China Is Mining Bitcoin Underground: Report

According to a report by CNBC, bitcoin miners have found ways to keep operating in China despite the country’s comprehensive efforts to crack down on the industry.China used to be the country with the most significant share of hashrate. But that began to change in May when Chinese authorities began cracking down on Bitcoin and…

China hyperlinks digital yuan to Hong Kongs Faster Obligations System in minute CBDC trial phase
China links

China hyperlinks digital yuan to Hong Kongs Faster Obligations System in minute CBDC trial phase

Home » Business » China links digital yuan to Hong Kong’s Faster Payments System in second CBDC trial phase The central banks of China and Hong Kong are embarking on the second phase of an experiment into the viability of the digital yuan in cross-border payments. In this phase, China will link its central bank digital currency…

China releases new digital yuan discount codes before 2022 Olympics
China Releases

China releases new digital yuan discount codes before 2022 Olympics

On February 4, 2022, China will be hosting the Beijing Winter Olympics, where they intend to unveil a creation of international interest, the digital yuan (e-CNY). Four state-owned banks—the Industrial and Commercial Bank of China (ICBC), the Bank of Communications, Postal Savings Bank, and the Agricultural Bank of China—recently issued a new batch of digital yuan (e-CNY)…

China govt company warns state-owned companies against mining
China gov’t

China govt company warns state-owned companies against mining

China is tightening its noose around block reward mining in the country, this time targeting defiant state-owned entities. The country’s national planner has shot a warning to these entities against mining digital currencies, threatening dire consequences for those found guilty. China has just about shut out mining in the country, with miners forced to either…

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…