The Metaverse development plan requires various municipalities to track NFT technology trends and integrate the Metaverse into education and tourism.
Beijing announces two-year Metaverse innovation and development plan
While NFTs are not banned in China like cryptocurrencies, the government has warned against fraud risks associated with the nascent sector.
Tencent shuts down NFT platform as gov policy makes it impossible to thrive
Guangdong province’s Development and Reform Commission confiscated 190 crypto mining machines, estimated to be worth 5 million yuan.
Chinese police bust illegal crypto mining farm, seize 190 miners
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 by...
China's share in Bitcoin transactions declined 80% post crackdown: PBoC
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.
Bitcoin network’s carbon emission jumped 17% after China ban: Report
The new policy change aims to mitigate risks arising from digital currency fundraising and the absorption of funds from the public.
China’s Supreme Court adds digital currency to list of illegal fundraising methods
Sustainable Bitcoin mining gets a boost from the joint venture between mostly hydro-powered BTC miners Merkle Standard and infrastructure provider Bitmain.
Bitmain signs 500MW joint venture with sustainable BTC miner Merkle Standard