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Tag Archives: china regulation

Inner Mongolia Introduces Enforcement Measures for Crypto Mining 

May 26, 2021

Olusegun Ogundeji

Following Beijing’s renewed call for a crackdown on Bitcoin mining last week, the Inner Mongolia region has issued a 8-point measure to combat cryptocurrency mining. The document is in line with the outcome of the 51st meeting of the Financial Stability and Development Committee of the...

China’s Impact on Crypto Market Lessens After Weekend Lows

May 25, 2021

Olusegun Ogundeji

The market impact of China’s call for the need to tighten regulation on cryptocurrency trading and mining to protect the financial system is now wearing out. The renewed warning by China’s State Council on Friday May 21 sparked a widespread sell-off which saw the value of many crypto as...

China Ranks High as Asia Dominates Top 20 Market Cap, Unicorns

Jan 22, 2021

Olusegun Ogundeji

As of January 12, 2021, almost half (42%) of the market cap of the top 20 token projects with headquarters is based in Asia, particularly China, new figures from crypto analytics firm Messari have shown. They include Tether, Cardano, BNB, EOS and Tron with a combined total value of $...

Will China tax on cryptocurrency transaction?

Dec 25, 2020

Vincent He

Generally speaking, if an individual wants to buy and hold cryptocurrency in China, he can have a legalized way to realize it. But in the selling process, the possibility of violating the law is very high. Any cryptocurrency issuing and trading services organized in China are basically in viola...