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.
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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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
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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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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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Centralized chokepoints and blacklists, will China’s currency be interoperable with decentralized tokens?
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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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China's Great Firewall, a tool used to ban Chinese people from using sites like Google, and Facebook, has blocked Etherscan’s site.
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In this Q&A with Cointelegraph, Binance CEO CZ revealed the company’s plans for Turkey, a country he thinks has strong opportunity with crypto.
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Bitcoin bulls will be buoyed by talk of the need for “a new, neutral global reserve asset” is rife at the heart of the traditional financial sector.
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China is winning the US in the numbers of the blockchain-related patents filed between 2014 and 2019, but who are the top patent owners in each country?
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At least five Chinese crypto exchanges have halted or chosen to terminate operations this month in response to a perceived hardening of Beijing’s anti-crypto st...
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