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...
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...
The Chinese cryptocurrency sphere this week has seen more regulatory developments, including Sichuan’s ambivalent policy towards bitcoin mining, Hainan making clear its blockchain-not-crypto stance. As the country is in its political season with the start of its largest political event Two...
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...
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 ...
OK Group, the operator of cryptocurrency exchange OKEx, said it would set up a digital asset trading laboratory in Sanya, the southernmost city on Hainan Island, China, reported Xinhua News. The company announced at the opening ceremony of Hainan International Offshore And Entr...
On December 1, Hainan international offshore innovation demonstration zone construction and blockchain · digital asset trading technology innovation forum was held in Hainan, a southern province of China. Speaking at the forum, the deputy provincial governor of Hainan province called for ...
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