China’s Sichuan province accounts for over 50% of the global hash rate, according to a study by digital asset manager CoinShares.
China News
China is considered to be one of the most important players in the cryptocurrency market. The decisions of the Chinese government affect the entire industry, but cryptocurrencies and Bitcoin are in a precarious position in terms of regulations. Chinese cryptocurrency laws are pretty strict. Financial institutions are banned from using Bitcoin for trading and ICOs are also illegal to conduct in China. Chinese Bitcoin exchanges were suggested to stop operations within the domestic market, until licenses would be established for them. In January 2018, the People’s Bank of China, its top financial authority, suggested that Bitcoin mining should be gradually suspended on miners through the influence of local authorities. Chinese media presents cryptocurrencies as a tool for criminals and a money-laundering device, creating a negative informational background that may have indications on the future of the Chinese Bitcoin ban.
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by Helen Partz
China’s securities regulator CSRC will reportedly open a tech division that will be headed by the former chief of the central bank’s digital currency initiative...
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by Helen Partz
China Construction Bank, the world’s second-biggest bank, has officially launched its blockchain-based refactoring platform.
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by Joeri Cant
Bitmain co-founder and tech billionaire Wu Jihan has reappeared at the helm of Beijing-based mining giant Bitmain as the company’s chief executive.
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China’s tech workgroup has released its fifteenth blockchain rankings report, with Ethereum being promoted to second place after its recent hard fork.
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by Joeri Cant
The Bank of China issued $2.8 billion in blockchain-based special financial bonds for small and micro enterprises.
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A limited debut of China’s long-touted central bank digital currency is set to begin in the city of Shenzhen by the end of 2019, according to a media report.
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by Joeri Cant
According to a report by Forkast Insights, the research arm of Asia-based Forkast, blockchain is a rapidly maturing technology in China, “far beyond the experim...
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by Aaron Wood
Thai police have busted an alleged Bitcoin scam trading scheme in Bangkok, arresting 24 Chinese nationals and seizing hardware.
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OneConnect, the financial technology subsidiary of Chinese insurance giant Ping An, is seeking a $500 million IPO.
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A further blockchain fund promises to develop the technology in Hainan’s dedicated free economic zone, which was established in 2018.
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KT Corporation wants to use blockchain to streamline roaming processes with China Mobile, the Chinese operator with which it is also partnering on a 5G rollout.
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Cointelegraph is delighted to announce the launch of Cointelegraph China, headquartered in Guangzhou.
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by Kyle White
Centralized chokepoints and blacklists, will China’s currency be interoperable with decentralized tokens?
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by Helen Partz
In its new “Outrageous Predictions” report, Danish Saxo Bank says that Asia will launch its own blockchain-based digital asset in 2020.
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