China’s Fujian Province Bans Trading Platforms From Participating in NFT Transactions

Jun 12, 2022

A Working Group from the Fujian Province of China has released a memo to address the growing rate of NFT participation among the citizens of the region. This memo, which has been circulating across various social media platforms, is regarded as a “Reminder Letter” to reiterate the stan...

Chinese Government Advised to Regulate Stablecoins in the Aftermath of LUNA Crash

May 31, 2022

There is a suggestion for the Chinese government to extend its cryptocurrency regulation to cover Stablecoins also. This is coming after hundreds of thousands of crypto users around the globe became victims of a crashed coin, LUNA. The LUNA crash became one of the major outcomes of the ...

China’s Ministry of Public Security Identifies USDT as Most Common Tool Used by Fraud Groups

Apr 14, 2022

The Ministry of Public Security in China has held a press conference to address some of the internet-based financial security issues going on in the country. The press conference focused mainly on the activities of the ministry since 2021 in combating financial fraud that has plagued its inter...

China Discusses Metaverse for the First Time at the National Level

Mar 8, 2022

The subject of Metaverse was discussed for the first time in China at the national level during the latest “Two Sessions”, an event that is held once every year in the country. The interests of the majority of the delegates at the event revolved around regulation to ensure data security and ...

Industry Experts Share Blockchain, Crypto Expectations for 2022

Dec 22, 2021

Some industry experts have been sharing their thoughts on what 2022 will hold for blockchain and crypto regarding industry trends, regulation, market movements and the metaverse.  Li Jun, founder of Ontology, says they expect the growth trajectory the blockchain industry has experienced in 2...

Huobi Leaves China Without Any Intention to Return

Oct 7, 2021

China’s largest cryptocurrency exchange, Huobi, has finally given up on finding ways of retaining operations in the country. This decision was made known by the company’s co-founder, Du Jun who clarified that after several attempts, Huobi has given up on negotiations with regulators on the s...

Coingecko and Coinmarketcap Blocked in China’s Cyberspace

Sep 28, 2021

The two leading cryptocurrency aggregator and market data websites, Coingecko and Coinmarketcap have been made inaccessible for users in mainland China. This is a result of the ongoing crackdown on cryptocurrency activities in the country.  According to reports, tests carried out using Gr...

China Targets Crypto-related Money Laundering Next

Sep 14, 2021

One of the biggest news in the cryptocurrency industry in 2021 was the clampdown by China on the novel technology and the innovations surrounding it. While the Asian giant continuously reiterated its support for blockchain technology, the other half of the innovation, cryptocurrency, was highly ...

2020 China Crypto Regulation in Review

Dec 31, 2020

The last 12 months have seen tremendous changes take place in the cryptocurrency sphere. And in this year, China seems to show some tolerance to the crypto industry with compliant bitcoin mining operations being supported by some local governments in the country. This year, the Chinese gover...

Chinese Authorities Cut Off Electricity Supply To Bitcoin Miners In Yunnan Province

Dec 2, 2020

Bitcoin miners in China’s Yunnan province have decried yet another crackdown by government authorities targeted at their activities. This time, it is reported that electricity producers have been ordered to cut off power supply to crypto mines located in the province. Yunnan is the third la...