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Category Archives: Regulation

Chinese Police Busted 300 Million Yuan Crypto Scam HeroChain

Apr 25, 2019

lylian Teng

Chinese Police has recently busted an RMB300 million crypto exit scam that amassed over 300 million yuan ($46 million) with 21 suspects involved. A gang of over 15 suspects involved in the scam has been arrested and other 6 still at large, according to local police in Hengyang, a city of H...

China Says It Wants to Eliminate Crypto Mining

Apr 9, 2019

lylian Teng

China’s authority has classified cryptocurrency mining as the industry that shall be eliminated immediately, a sign of growing government pressure on the cryptocurrency sector. China, a good fit for cryptocurrency mining with cheap electricity and land available in remote areas, has been doin...