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Category Archives: Regulation

More Areas are Striving for China’s Digital Yuan Pilot

May 28, 2020

Vincent He

Although the schedule of the second batch of China’s digital yuan pilot is delayed, more regions in China are striving for the trial. In some second and third-tier provinces and cities, local governors expect the application of digital yuan in the local area. For example, in Guizhou provin...

China Calls on Bitcoin’s Heritage Protection on Two Sessions?

May 26, 2020

Vincent He

May is of particular importance for Chinese bitcoiners and blockchain startups. As they are waiting for the government voice on crypto and blockchain during the annual “two sessions”. Regulation of the cryptocurrency space is still hotly discussed during China’s “two sessions”, the annual...

China’s Hainan Reserves Big Concessions for Crypto Industry

May 18, 2020

Vincent He

Chinese have established most of the major crypto exchanges and miner makers over the world, however, there is still no progress in China's cryptocurrency compliance. China’s authority still defines cryptocurrency like Bitcoin or Ethereum as a virtual commodity—people can hold it at their...