China’s Central Bank Governors Believe Cryptocurrencies Should be Used as Investment Assets

Apr 20, 2021

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...

Hong Kong Plans to Ban Retail Investors From Trading Cryptocurrency

Feb 19, 2021

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...

China Bitcoin Dominance Drops as Revealed by Pre New Year Price Trend

Feb 9, 2021

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...

China Crypto Roundup (Feb.1-Feb.7): Cryptocurrency Investments Facing New Problems, Digital RMB Getting New Progress

Feb 8, 2021

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...

A Global Perspective on Central Bank Digital Currency

Jan 21, 2021

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...

China Encourages Citizens To Embrace Blockchain But Ignore Crypto

Dec 3, 2020

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...

Despite Crackdowns, Cryptocurrency Projects Still Look Towards China

Nov 23, 2020

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 ...

China Crypto Roundup (Sept 7- Sept 14): ETH Withdrawal Frenzy in China as DEX Mining Runs Rampant, Bitcoin Miners in Short Supply in China, China’s BSN in Line With Open Finance Concept

Sep 14, 2020

The top stories from the Chinese cryptocurrency sphere this past week includes: ETH stocks in centralized exchanges are declining rapidly as DEX mining runs rampant, Bitcoin miners in short supply as Chinese manufacturers’ capacity inadequate, China’s BSN, digital silk road in line w...

East Asia, China Crucial to Global Cryptocurrency Economy

Aug 21, 2020

Despite a dwindling share of global cryptocurrency activity over the last 12 months, East Asia - led by China - remains the world’s largest cryptocurrency market by transaction volume, a latest Chainalysis preview of its Geography of Cryptocurrency Report has hinted. The research firm also...

Hurun Report: 11 Blockchain Unicorns, Bitmain the Biggest Loser

Aug 4, 2020

The number of blockchain unicorns this year seems to fail to swell higher from last year as most industry watchers expect, according to the Hurun Global Unicorn Index 2020. Research firm Hurun published its second-year list of global unicorns for 2020 on Tuesday August 4, ranking the wor...