Leading Chinese technological company, Xiaomi has enabled the acceptance of cryptocurrency payments for purchases in one of its official retail outfits. This is in line with the company’s goal of maintaining its status as a technological, innovative, and disruptive brand. Xiaomi customers w...
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...
Beijing Qudao Cultural Development Co Ltd, a software development company based in China has been ordered by the country’s central bank to suspend operations. The reason for this suspension is reported to be as a result of the company's involvement in cryptocurrency activities, despite the ...
For the better part of the last year, China has been putting most of its efforts into developing and testing its upcoming digital yuan. After banning the use of cryptocurrencies as a means of payment years back, the country has spent very little time discussing cryptocurrencies aside from an occa...
The Hong Kong government is pushing forward a legislative proposal to ban retail investors from trading crypto and require all virtual assets trading platforms to obtain licenses to operate in the territory — a prospect that crypto industry insiders say will cause Hong Kong to lose competitive...
The Chinese New Year comes up on February 12 2021, just a few days from the time of writing. Based on historic trends, participants in the Bitcoin and cryptocurrency market expected prices to drop. This has been the usual behaviour of the market around this time of the year. This time aroun...
1. Multiple cases banning cryptocurrencies from settling with RMB will make it harder to recoup investment losses Chinese courts have not denied that bitcoin is property, but exchange and settlement between virtual and fiat currencies, which are prohibited by the policy. It began to be enfo...
Author: David Kuo Chuen Lee, Li Yan &Yu Wang To see the inserted pics clearer, plz visit the original link: https://www.tandfonline.com/eprint/AWTEU83UT8HDAVEAPS27/full?target=10.1080%2F17538963.2020.1870279& ABSTRACT This paper discusses the ke...
In an article that was recently published on the Chinese state media Xinhuanet, citizens of the country and other inhabitants have been discouraged from taking part in cryptocurrency activities. Emphasis on this advice was pegged on the current surge that Bitcoin price is experiencing, since it...
The clampdown on cryptocurrency related businesses in China has continued for a couple of years already. The recent reports of cryptocurrency miners having their cards frozen, and the OKEx crackdown are just two of similar incidents that have become common within the borders of China. As ...
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