While NFTs are not banned in China like cryptocurrencies, the government has warned against fraud risks associated with the nascent sector.
Beijing News
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Guangdong province’s Development and Reform Commission confiscated 190 crypto mining machines, estimated to be worth 5 million yuan.
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China has carried out multiple crypto crackdowns and enforced numerous bans on crypto markets since 2013, however, Chinese traders have always found a way to bypass these bans.
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The research report blamed the increase of Bitcoin’s carbon footprint on the China mining ban and claimed Chinese miners were more renewable-energy-focused.
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The new policy change aims to mitigate risks arising from digital currency fundraising and the absorption of funds from the public.
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Sustainable Bitcoin mining gets a boost from the joint venture between mostly hydro-powered BTC miners Merkle Standard and infrastructure provider Bitmain.
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"Do not accept any digital yuan," said Minnesota Representative Tom Emmer in a tweet aimed at Team USA athletes competing in China.
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Shanghai’s five-year plan calls for the use of a metaverse in public services, businesses, entertainment and industrial manufacturing.
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Beijing residents should apply to participate in the lottery until midnight on June 7.
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Bitcoin’s electricity bill has been attracting the attention of regulators worldwide.
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Courts in China are rolling out blockchain-based electronic seals to protect property from being disturbed or damaged.
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China should learn from Hong Kong and Facebook as it develops its own sovereign digital currency, a former central bank governor says.
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Six Chinese citizens have been arrested in Vanuatu and extradited to China as part of an ongoing investigation regarding the alleged crypto pyramid scheme PlusToken.
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Chinese police surrounded the Tron’s office in Beijing, as people came to express outrage at a scam going under a Tron-like name.
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China’s first blockchain-enabled notary has reportedly opened its offices in Beijing.
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