China has re-entered the top ten of Chainalysis’ countries in cryptocurrency adoption, the blockchain analysis firm has stated. Its latest summary indicates that the Asian country moved three places from its 13th spot on the 2021 Global Crypto Adoption Index and now sits at the 10th. The m...
Perhaps in the wake of its series of crypto-related money laundering discoveries last year, the Supreme People's Procuratorate of China has issued the Anti-Telecom and Internet Fraud Law to tackle associated crimes. Adopted at the 36th meeting of the Standing Committee of the 13th Nat...
Despite reported cases of increased exploits on decentralized finance (DeFi) platforms, financial services company, Visa, says Asian consumers are beginning to experiment with DeFi services and more of them are likely to use them soon. Asia could lead global DeFi adoption Ci...
In the wake of a reported increase in cases of illicit transactions using cryptocurrencies like Bitcoin, the U.S. Department of Justice has this week announced the appointment of Eun Young Choi as the first Director of a newly-instituted National Cryptocurrency Enforcement Team (NCE...
The People’s Bank of China (PBoC) Governor Yi Gang has confirmed on Sunday Oct 17 that the digital yuan’s focus is on domestic and retail use for now. At an online meeting of the Group of 30 International Banking Seminar, Yi Gang reportedly said that cross-border and intern...
China is among the top four of countries ranking highest in grassroots decentralized finance (or DeFi) adoption, according to Chainalysis’ 2021 Global DeFi Adoption Index Top 20 released on Tuesday August 24. The report, the first of the geographic index ranking countries by DeF...
Amidst talks touting the yuan’s growing strength, Ulisse Dell'Orto of blockchain data platform, Chainalysis, has said that China’s development of the digital yuan (e-CNY) is set to expand Beijing’s global influence. Dell'Orto told CNBC that China is actually turning legal tend...
Chinese addresses have sent over $2.2 billion worth of cryptocurrency to addresses associated with illegal activities, the latest report by blockchain data platform, Chainalysis, has pointed out. The data, services and research provider made the report as it seeks to shed light on China’s...
Despite a dwindling share of global cryptocurrency activity over the last 12 months, East Asia - led by China - remains the world’s largest cryptocurrency market by transaction volume, a latest Chainalysis preview of its Geography of Cryptocurrency Report has hinted. The research firm also...
Of the estimated tens of millions of people who hold Bitcoin and over five million users visiting exchanges weekly, 2020 has so far shown that approximately 340,000 of them are active weekly Bitcoin traders, according to on-chain data from Chainalysis. As of June 2020, the analytics fir...
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