Crypto Miners in China Get Their Cards Frozen by the Chinese Government

Nov 18, 2020

Despite the massive state-wide effort to promote the development of blockchain technology, not every aspect of the crypto and blockchain industry in China is seeing the same rate of progress. While cryptocurrency ownership has been somewhat contested in China, the country managed to become the w...

Four Chinese State-Owned Banks Confirm They’re Testing CBDC Digital Wallets

Aug 7, 2020

The latest news coming out of Chine confirm that not only has the country gone a long way ahead in its central bank digital currency development but that it has already begun conducting extensive tests on the everyday use of the upcoming digital yuan. According to a local report, several large...

China Merchant Bank Becomes The Latest Bank to Freeze Users’ Credit Cards for Crypto Transactions

Jul 1, 2020

Users of China’s Merchant Bank (CMB) that engaged in cryptocurrency transactions of any sort could see their credit card being frozen indefinitely by the bank, latest reports from China have shown. According to local sources, the bank has been actively freezing both credit cards and saving...