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Tag Archives: Hainan

China Targets Crypto Miners With Electricity Price Hike

Dec 6, 2021

The Chinese province of Hainan has increased the price of electricity to $0.13, equivalent to 0.8 yuan per kilowatt-hour for cryptocurrency mining operations within its region. This is an extension of actions previously taken by the Chinese central government in this direction.  It is reca...

China’s Hainan Province Set For Digital Yuan Test in April

Apr 9, 2021

All is set for the next step in China’s move towards the creation of a Central Bank Digital Currency (CBDC). This time around, a test of the developing product will be carried out in the country’s province of Hainan. The exercise is expected to kick- off on April 12, 2021, and run un...

Blockchain Mania in China’s Hainan: Talents are Urged

Dec 10, 2019

Vincent He

Within a week, two large-scale blockchain-related forums were held in Hainan island, China’s southmost province. Hainan is now seemed as the hot-spot of blockchain investment with no match. Hainan’s dedicated economic pilot zone has pledged to boost the role blockchain tech plays in the lo...

China’s Hainan Province Unveils $142M Blockchain Subsidy Fund

Dec 5, 2019

Vincent He

On December 4, the first Chinese blockchain pilot in Hainan pilot free trade zone (FTZ) released the "on-chain Hainan" plan and the subsequent measures to speed up blockchain adoption. Meanwhile, the Hainan blockchain pilot area also officially signed a strategic cooperation agreement ...