2023-5-26 19:14 |
In a surprising turn of events, recent signs suggest that China, a country known for its stringent stance on cryptocurrencies, may be considering a reversal of its notorious crypto ban.
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China’s influence on the cryptocurrency market continues to make headlines as recent developments shed light on the country’s evolving stance. Previously a dominant player in Bitcoin trading and mining, China banned non-government-approved cryptocurrencies in September 2021.
2023-5-24 20:06 | |
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Crypto developments in Hong Kong do not mean China has softened or will soften its approach to regulating Bitcoin.
2023-5-6 16:15 | |
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The Huobi crypto exchange plans to increase its presence in Hong Kong, believing that the city’s pro-crypto tilt could signal an eventual relaxation of mainland China’s longstanding ban on digital assets.
2023-2-10 18:18 | |
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China stands among the top jurisdictions with solid opposition to crypto assets and NFT culture. The region shook the crypto space in 2021 with restrictive measures on crypto mining. It pronounced a complete crackdown on BTC mining which brought a drastic decline in the value of BTC.
2022-11-7 18:04 | |
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The Chinese government has shown a keen interest in developing a metaverse economy, but its stance on NFTs hasn’t been very clear.
2022-11-8 12:30 | |
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CryptoQuant co-founder Ki Young Ju said the Chinese government is a crypto whale, despite its negative posture toward the industry. The post China holds $3.9B worth of Bitcoin despite anti-crypto stance appeared first on CryptoSlate.
2022-11-3 15:17 | |
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Bitcoin adoption has always been the subject of rigorous debates in many countries today. With financial powerhouses such as the U.S. and China still taking a hard stance against cryptocurrencies, it remains to be seen if the adoption of crypto by different nations will reach its peak in the near future. After all, the respective […]
2022-9-26 15:51 | |
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Filecoin’s storage company RRMine Global is moving its headquarters to Singapore from China due to the company’s more progressive stance toward cryptocurrencies. The post Filecoin service provider RRMine moves to Singapore due to China’s crypto restrictions appeared first on CryptoSlate.
2022-9-14 19:30 | |
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A top court in Shangai, China’s biggest city and a global financial hub has upheld Bitcoin as property under Chinese laws, pitting the government against its own anti-crypto stance.
2022-5-6 16:59 | |
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One might be tempted to think that China has dropped out of the crypto race, due to its stance against crypto transactions and more recently, NFTs. However, the country's latest CBDC adoption stats suThe post Here's how China might be leading the CBDC race as Winter Olympics draws near appeared first on AMBCrypto.
2022-1-15 19:30 | |
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China banning different crypto related activities has been springing up in the news quite often, over the last few months. As it happens, China's inhibitory stance against crypto continues to show up The post China curbs short-video content on crypto mining, trading, to 'improve' content quality appeared first on AMBCrypto.
2021-12-16 18:30 | |
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The world's sixth-largest economy could adopt a hardline stance against decentralized cryptocurrencies as soon as this winter.
2021-11-30 20:00 | |
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China's regulatory stance has been getting more stringent, post the blanket ban on cryptocurrency. The Chinese government had initially unveiled a five-year plan outlining tighter regulation of much oThe post China regulators ask DiDi Global to delist from New York Stock Exchange appeared first on AMBCrypto.
2021-11-26 12:02 | |
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The move could signal plans by Chinese authorities to amend its previous negative stance on Bitcoin and cryptocurrency mining activities.
2021-10-21 15:35 | |
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China did it again. Same old news but the market was blown away like a leaf on a windy day. The country maintained its anti-crypto stance, which in turn compelled Huobi, one of the largest cryptocurreThe post Huobi suspends registration of new users to comply with regulations in China appeared first on AMBCrypto.
2021-9-26 22:00 | |
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The latest debacle over China’s anti-crypto stance has a firm historical echo to it — and old hands are more than aware.
2021-9-25 16:25 | |
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China’s central bank has made it crystal clear that it’s not going to soften its stance on cryptocurrencies
2021-8-27 08:04 | |
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China’s central bank has reaffirmed its stance on crypto trading, admitting that it will continue to keep pressure on its recent clampdown. The post Central Bank of China Plans to Keep Regulatory Pressure on Crypto Industry appeared first on BeInCrypto.
2021-7-31 16:28 | |
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China's stance regarding cryptocurrencies has been well documented and with each passing day, regulations around crypto mining and businesses are getting stricter. The changing regulatory landscape haThe post China and Bitcoin: 'The final straw' would be something like... appeared first on AMBCrypto.
2021-7-26 20:00 | |
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With China’s current negative stance towards Bitcoin mining plus Elon Musk’s Tesla insistence that they would only accept the digital asset as a payment method only if the mining process of the coin becomes more environmentally friendly, many crypto miners have been left to rue their losses.
2021-7-13 19:00 | |
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Reiterating their stance on privately-issued cryptocurrencies, the Business Administration Department of the PBoC—China’s central bank, has “rectified” Beijing Tongdao Cultural Development Co.
2021-7-6 17:00 | |
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Following the restrictions put in place by China, the United Kingdom, and other nations on the use and operation of cryptocurrencies, Mexico has also clarified its stance. The financial authorities maThe post Why did Mexico remind financial institutions that they couldn’t trade Bitcoin, ETH, or XRP? appeared first on AMBCrypto.
2021-6-29 17:30 | |
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The crypto markets have dropped significantly since May, down 50% from recent highs. The crash was partly attributed to China’s negative stance on crypto. What’s the truth behind the FUD?
2021-6-11 17:00 | |
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In a move contrasting its stance on cryptocurrencies, China has issued guidelines for blockchain development within the country. The post China Aims to Have World’s Most Advanced Blockchain Tech by 2025 appeared first on BeInCrypto.
2021-6-8 17:05 | |
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China’s “blockchain, not crypto” stance continues as one government agency publishes guidelines to accelerate the adoption of tokenless blockchain solutions.
2021-6-8 16:26 | |
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Sina Weibo, the Chinese equivalent of Twitter, banned the accounts of several key cryptocurrency and defi influencers in the country yesterday, according to reports from local sources. This might be a continuation of the anti-crypto stance the Chinese state has been exerting since 2013, and more profoundly in the last days with the crackdown of […]
2021-6-7 07:30 | |
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Crypto markets started the week green admist generally favorable developments from China, India, and the US, with all three clarifying recent comments and circulars to alleviate fears of an impending crypto ban.
2021-6-1 10:23 | |
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Bitcoin price has now tanked by more than 50% from top to bottom, assuming that the bottom is in. The storm of pain for investors has come due to a series of FUD, capped off by China’s strictest stance against crypto yet.
2021-5-24 18:14 | |
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The Chinese government has made its intention to crack down on Bitcoin mining public, with Premier Liu He announcing as much this Friday. The world’s most expensive digital currency has undergone a massive bearish move over the past week, with Elon Musk poking a hole in pertinent affairs and news of China’s strengthened stance breaking […]
2021-5-22 18:06 | |
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A recent report from the Chinese government’s financial committee has reiterated the country’s stance on bitcoin mining and that it would continue to monitor the sector closely. The report follows a recent article from Reuters published three days ago, which also reiterates China’s older warnings against the crypto industry.
2021-5-22 21:00 | |
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China appears to be ready to go to war with Bitcoin and other cryptocurrencies just about a month removed from changing its stance on digital assets. Earlier this week, it was reported that the country had banned financial institutions from conducting any crypto transactions but subsequent claims pointed out that the powers that be are […]
2021-5-22 20:25 | |
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On Tuesday, a report from Reuters made claims of China passing a ban on financial institutions and payment companies, prohibiting any cryptocurrency transactions and warning investors over speculative crypto trading.
2021-5-19 15:35 | |
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Bitcoin’s global hashrate dropped ten days ago following a coal mine accident that caused significant grid blackouts in Xinjiang, China. While initial estimates had shown more than 40% of the hashrate dropped, statistics from a five-day average show the hashpower only lost around 25%.
2021-4-24 21:30 | |
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2021-4-20 19:26 | |
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High ranking officials of the People’s Bank of China (PBOC) have hinted that the apex bank is looking for ways to regulate bitcoin (BTC) as an investment vehicle, as they have major roles to play in the future, according to a Weixin report on April 18, 2021.
2021-4-20 15:00 | |
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After four years of banning the issuance and trading of cryptocurrencies, the People’s Bank of China seems to be changing its stance. This follows comments made by the deputy governor of the Central Bank of China, Li Bo who described Bitcoin as an investment alternative.
2021-4-20 13:44 | |
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The policy comes after China’s top economic planner National Development and Reform Commission (NDRC) said Inner Mongolia is the only province failing to constrain energy waste in 2019. BTC’s high energy consumption could be the main driver for this decision.
2021-3-2 19:22 | |
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In a recent report by Chinese state media Xinhuanet, the Chinese government wants its citizens to stop paying attention to cryptocurrency but concentrate more on blockchain technology, the technology behind the cryptocurrencies.
2020-12-5 22:39 | |
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Chinese Prime Minister Xi Jinping has urged heads of government to take an “open and accommodating” stance toward Central Bank Digital Currencies (CBDCs), as the global economy attempts to recover from the fallout of the COVID-19 pandemic.
2020-11-22 21:00 | |
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With over 10,000 new blockchain firms emerging in China in 2020, the number of companies developing solutions based on the novel tech appears set to cross the 90,000 mark. China remains a blockchain hub with Beijing’s anti-crypto stance not extending to companies looking to leverage decentralized ledger technology (DLT).
2020-8-8 20:39 | |
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China’s secretive stance on digital currencies is starting to reveal traces of long-term aspirations. The post China: Parliament passes law allowing inheritance of Bitcoin and cryptocurrencies; a changing crypto narrative? appeared first on CryptoSlate.
2020-5-31 05:00 | |
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Talking to a TV anchor, Ripple CEO Brad Garlinghouse criticized Bitcoin for being represented by ‘four miners in China. ’ Ripple is taking a more aggressive stance towards Bitcoin as it tries to position itself as a cheaper alternative.
2020-2-18 15:10 | |
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China’s stance on cryptocurrencies and digital assets seemingly hasn’t changed much. However, when it comes to handling Facebook’s Libra, battle lines may be drawn fairly soon. More specifically, the central bank is closely monitoring this situation.
2020-1-28 07:00 | |
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Shanghai Securities News has just reported that authorities in Beijing, China’s capital, have renewed their anti-crypto stance. Per the report and one from The Block, the Beijing Local Financial Supervision and Administration Bureau, the Business Management Department of the People’s Bank of China, the Beijing Banking and Insurance Regulatory Bureau, and the Beijing Securities Regulatory.
2019-12-27 15:00 | |
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Reports are emerging that Russia’s stance on crypto has turned negative. The news comes in the wake of a week of FUD stemming from another ‘bitcoin ban’ in China. It is no surprise that central banks do not favor decentralized currencies in a world where they’re racing to launch their own ones.
2019-11-30 10:34 | |
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At least five Chinese cryptocurrency exchanges have chosen to suspend or end services in line with Beijing’s purportedly toughened stance
2019-11-30 17:41 | |
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Twitter handle @cnLedger on November 25, 2019, quoted the People’s Bank of China’s (PBoC) newly released China Financial Stability Report 2019, where the apex bank stated that the Chinese regulators had clamped down on 173 cryptocurrency trading and token issuing platforms in the country.
2019-11-25 18:05 | |
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The crypto market has been a disappointment lately. Lackluster bitcoin price action has intensified overall selling activity. But things are in for a welcome change, as BTC is expected to explode next year.
2019-11-24 22:18 | |
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China may use blockchain to organize and incentivize its military Could China’s embrace of blockchain cause another pump? The people’s republic softens its stance on crypto. China’s latest blockchain initiative could see its army rewarded in cryptocurrency tokens.
2019-11-19 23:22 | |
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Crypto exchange Coinbase believes the odds of the SEC approving spot Ethereum ETFs by the end of the month stand between 30% to 40%. In a May 15 report, Coinbase Institutional Research Analyst David Han asserted that the main factor that led the SEC to approve spot Bitcoin ETFs — the correlation between CME futures […] The post Coinbase expects 30% to 40% chance of spot ETH ETF approval by month-end appeared first on CryptoSlate.
Senator Elizabeth Warren described support for the SEC’s Staff Accounting Bulletin (SAB) 121 during a senate hearing on May 16. Warren asserted that the bulletin, which applies to companies that deal with crypto, is designed to provide accounting guidance.
Oklahoma has become the first US state to legally protect the right to self-custody Bitcoin after passing a new bill. The newly signed legislation ensures that residents can hold, control, and use digital assets without state interference.
Quick Take Bitcoin went above the $67,000 mark, nearly hitting $67,500 — its highest level since April 13. The remarkable rally has triggered a wave of liquidations within the digital asset ecosystem over the past 24 hours.
Turkey and India advanced crypto policies on May 16 that could create a framework for businesses and investors operating in each country. Reuters reported that the Securities and Exchange Board of India (SEBI) wants multiple regulators to oversee crypto trading in the country.
The US Senate voted in favor of repealing the SEC’s Staff Bulletin 121 (SAB 121) on May 16. In all, 60 Senators voted in favor of HJ Res. 109, a resolution to overturn the bulletin, while 38 Senators voted against it.
US lawmaker Wiley Nickel has urged the Gary Gensler-led Securities and Exchange Commission (SEC) to repeal the Staff Accounting Bulletin 121 (SAB 121) before the impending Senate vote. SAB 121 requires financial institutions custodying crypto to hold these assets on their balance sheets.