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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...

China’s Political Elites Call on the Legislature to Legally Define Cryptocurrency as Non-Fiat Currency During the Annual ‘Two Sessions’

Mar 11, 2019


Regulation of the cryptocurrency space is still hotly discussed during China’s ongoing “two sessions”, the annual gathering of the country’s legislative and political advisory bodies and its biggest political meetings of the year. Many legislative delegates and political advisers call for cle...