Trump Says He Wants U.S. To Be ‘The Bitcoin Superpower,’ Cites Competition From China

In a Miami speech, the U.S. president said his orders ended a “war on crypto,” mentioned that crypto helps the dollar and warned China could gain if Washington stumbles.

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Why Trump believes ‘China is big into crypto’ despite ban

President Donald Trump told 60 Minutes on November 2 that China poses a competitive threat in crypto, warning that “China is getting into it very big right now. ” The claim surfaces a paradox.

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China Merchants Bank unit ventures into crypto through Hong Kong gateway

Mainland China’s crypto freeze hasn’t stopped its financial giants from wading in where regulators allow. CMB International Securities, a subsidiary of the $1.7 trillion China Merchants Bank, has launched a crypto exchange in Hong Kong. On August 18, CMB International…

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China, UAE pledge joint crackdown on cryptocurrency crimes

China is teaming up with the UAE on an enhanced initiative to combat crypto cybercrime. The announcement comes as HK data showed a spike in crypto fraud between '22 and '23.

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Mixed signals: Binance denies reports of $90B in crypto trades in China

Binance has refuted claims published in The Wall Street Journal that the exchange has conducted billions of dollars in crypto-related business in China, despite the country’s crypto ban.

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Hong Kong Looks to UAE for Crypto Regulation Partnership

The relationship between China and cryptocurrencies has always been concerning for investors. China is among the leading super-power countries, and its regulations on crypto have affected the market in the long run.

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Experts Tip China To Get Bullish on Crypto, Says New Digital Asset Framework In Hong Kong Is “Testnet” For China

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China Will Declare Crypto And Bitcoin A ‘Legitimate Form of Wealth,’ Tron Founder Claims

China is one of the most crypto and Bitcoin-hostile countries on earth. Back in 2017, the People’s Bank of China (PBOC) banned the operation of exchanges in China. In May 2021, Chinese authorities ordered a ban on Bitcoin mining.

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China Market Update: Crypto is NOT prohibited in China

China would not be China if there weren't ways to circumvent strict regulations. Ownership of crypto is still legal and legally protected. Most in the West greatly underestimate the flexibility of the Chinese system.

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Filecoin Miner RRMine Global Leaves China for Singapore

The move was spurred by tightened restrictions on crypto in China and concerns over the country's Web3 strategy.

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China returns as 2nd top Bitcoin mining hub despite the crypto ban

China still hosts 21% of the total global Bitcoin hash rate after the local government banned all crypto operations in the country last year.

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China's share in Bitcoin transactions declined 80% post crackdown: PBoC

China has carried out multiple crypto crackdowns and enforced numerous bans on crypto markets since 2013, however, Chinese traders have always found a way to bypass these bans.

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Crypto exchange MEXC Global to 'retire' Mainland China user accounts

It took just over three months for Bitcoin miners to disappear from China. New data from researchers at the University of Cambridge revealed the swift impact of Beijing’s crackdown on cryptocurrencThe post Crypto exchange MEXC Global to 'retire' Mainland China user accounts appeared first on AMBCrypto.

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After a crypto crackdown, is China going after NFTs and their promoters

The Cambridge Bitcoin Electricity Consumption Index showed that China held 0% of the average monthly hashrate share in August. After this, many concluded the country had done away with crypto for goodThe post After a crypto crackdown, is China going after NFTs and their promoters appeared first on AMBCrypto.

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Why The China Crackdown May Be Just The Push The DeFi Market Needs

China’s crackdown on crypto has had negative effects on the crypto space as a whole and decentralized finance (DeFi) has not been left out. The news of China’s crypto ban saw prices go down across the board, given that China has always been a big part of the crypto space. Despite the negative effects the […]

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Altcoin Roundup: DEXs come to the rescue after China bans crypto

China’s wide-spanning crypto ban puts a hefty dent in token values, but the surge in DEX volumes and BTC’s pop above $55,000 suggest the move was a blessing in disguise.

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Actions speak: China’s crypto ban may reveal digital yuan CBDC goals

China’s ban on cryptocurrencies causes a mild slump, but recovering from this FUD is not new for crypto as China’s motives come under the scanner.

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Over $5 Billion In Bitcoin And Ethereum Moved From Cold Wallets Amid China Crackdown

China continued its crackdown on crypto, leading to massive amounts of bitcoin and Ethereum being moved from exchanges. Immense pressure from Chinese central banks following the latest iteration of the China crypto ban has seen exchanges suspending operations in the region.

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As China Launches Fresh Attack On Crypto, Bitcoin Proponents Think It’s A Blessing In Disguise

As China Launches Fresh Attack On Crypto, Bitcoin Proponents assert Why It’s A Blessing In Disguise Why China’s fresh crackdown on crypto is the best thing to happen to the industry and will pay off significantly China has been a huge powerhouse in the cryptocurrency industry for much longer than many other countries have been. […]

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China: PBOC’s Fresh Crackdown on Crypto Sends the Market Tumbling

China has announced a fresh crackdown on cryptocurrencies. The People’s Bank of China is targeting transactions. It has declared them illegal as well as crypto-related businesses. Financial institutions too cannot provide services related to crypto, according to the announcement.

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U.S. Senator Pat Toomey Sees "Big Opportunity" for the U.S. in China Crypto Ban

As crypto experts and enthusiasts are guessing about whether today's China ban is real, politicians suggest unexpected outcome for the U.S.

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Dogecoin Price Drops Almost 10% Following China’s Crypto Ban

Dogecoin’s price has dropped almost 10% following China’s statement that crypto transactions and services are illegal in the nation. As China Declares Crypto Transactions Illegal, Dogecoin Plunges Almost 10% According to a report from Bloomberg, China’s central bank has put out a statement saying that all crypto transactions and services are illegal in the country.

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US-Based Exchange BitMart Updated Policies Regarding Crypto Services for China, Striving to Comply with Regulations Around the Globe

A fresh wave of regulations on crypto mining and related activities coming from the Chinese government recently hit the market hard, causing cautious miners and traders to halt all or part of their operations in China.

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China’s Ban: Crypto and Crypto Mining May Be In A New Era

Last week, a State Council committee led by China’s Vice Premier Liu He announced that, for the first time, China is placing an elaborate ban on cryptocurrency mining, a big business in China that accounts for as much as 70% of the world’s crypto supply.

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China’s Digital Yuan Blurs the Lines Between CBDCs and Crypto

An in-depth analysis of China's digital yuan project reveals more similarities to crypto than you might think. Upshot: seismic disruption to the financial system.

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$50B Worth of Crypto, Mainly Tether, Are Used for Capital Flight Out of China: Chainalysis

Blockchain analytic firm, Chainalysis, has released a new research report which indicates that crypto assets estimated at approximately $50 billion have been sent to other destinations around the world from China.

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How Coronavirus Outbreak in China Could Weigh on Crypto Prices

The coronavirus outbreak in China could curb flows into crypto assets from investors and dampen the recent rally in the global market, industry pros say.

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What’s happening with crypto in China? 3 things investors should consider

It has been over two years since the People’s Bank of China (PBoC) effectively banned crypto exchanges and trading. Yet, China remains a key topic in the crypto space in 2020. Three important aspects of China’s crypto sphere investors have to consider are: the prosperous local bitcoin mining industry, rapidly growing blockchain development, and the […] The post What’s happening with crypto in China? 3 things investors should consider appeared first on CryptoSlate.

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China Walks Back Hardline Media Rhetoric Toward Crypto and Blockchain

Do China’s recent pro-Bitcoin comments signify a change of heart for the Eastern powerhouse toward its local crypto market?

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Weiss Ratings: China will never use Bitcoin, EOS is number one rated crypto

Weiss Crypto Ratings recently stated that China would never use Bitcoin. The comments come after the nation’s Center for Information and Industry Development published the latest edition of its crypto rankings index.

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Bitcoin Age: Is US about to Lose ?Crypto Leadership? to China?

As the US is making more hurdles for Libra?s launch and China is testing its digital currency, some fear the US may lose its leadership in the crypto industry to China

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Cryptocurrency in China: Over the Counter, Under the Table

Primitive Ventures partner Dovey Wan breaks down the crypto situation as it stands in China today.

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Analyst Says China’s Central Bank Will Implement Crypto in 20 Years

Blockchain Research Institute Chairman, Don Tapscott predicts China’s central bank will digitize their national currency within twenty years. In an interview with Bloomberg Technology, Tapscott said the Chinese acknowledge crypto as an important technology for China.

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Will China Soon Pass Crypto Regulations?

China’s regulatory environment surrounding the cryptocurrency industry has been very harsh in the past, with outright bans on crypto exchanges,… The post Will China Soon Pass Crypto Regulations? appeared first on Invest In Blockchain.

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China Revises Crypto Ranking — BTC Upgraded

China’s Center for Information and Industry Development has updated its crypto project ranking for this month, moving BTC up several places while still favoring EOS and Ethereum. The center explains its evaluation model and outlines future projects.

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China Banned Everything Bitcoin, Video Games Seem To Be Next

As Bitcoin began its monumental run in 2017, rumors began floating around that China was set to crack down on the nascent crypto market. Eventually, those rumors became reality, with the heavy-handed Chinese government reportedly establishing a blanket ban on crypto trading and ICOs.

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China Clamps Down Again — Silences Online Crypto Discussion

China Shuts Down Popular Online Crypto Forums The second coming of China’s crypto police has seemingly arrived, with the Asian country enlisting measures to cease the propagation of this nascent asset class over the past two weeks.

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China Continues Its Crypto Crackdown, Blocks Public Access to Offshore Exchanges

China has stepped up its crackdown on digital assets as it blocks the public from accessing more than 120 exchanges. Authorities are reportedly continuing to identify and police domestic websites offering information on crypto trading and initial coin offerings (ICOs).

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Is Crypto In China About To Hit A Brick Wall?

In two days, we have seen three significant news pieces out of China that all point towards an all out ban on cryptocurrencies from Chinese authorities. As it stands in China, some aspects of crypto are banned and others are totally legal, however it seems that new regulations are coming into force by the day, regulations that are going to put an awful lot of pressure on the crypto community within China.

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BTCC CEO Bobby Lee: Investors in China are Still Trading Crypto Even After Bitcoin Ban

At the Blockchain Open Forum in Seoul, South Korea, China’s first crypto exchange BTCC CEO Bobby Lee said that investors in China are still trading cryptocurrencies even after the Chinese government imposed a ban on crypto trading in September 2017.

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Chinese Bank PBoC Files Digital Wallet to Track Crypto Transactions Patent

China’s central bank, the so called People’s Bank of China, has presented a patent application for a wallet that consumers are able to use so as to track cryptocurrency transactions. The patent has been sent to China’s State Intellectual Property Office (SIPO) during the last week. In the last year, China has been one of […]

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MasterDAX and Microsoft join forces for cloud crypto exchange service

Digital China Group subsidiary company MasterDAX, a turnkey key solution for digital asset exchange has announced the launch of the MasterDAX 2.0 Exchange Cloud Service. This is an... MasterDAX and Microsoft join forces for cloud crypto exchange service

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China’s Central Bank Wants Digital Wallet to Track Crypto Deals

In a latest move signaling a warmer reception towards blockchain, China's central bank has applied for a digital wallet patent.

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Chinese Investors May Consider ICO’s As Alternative Form of Investment After US Ban

If the Trump administration bans China from investing in US tech companies, then it’s possible that the Chinese may invest some of those funds into ICO’s. The spare funds may also be invested in their existing crypto assets such as NEO, QTUM, and TRON.

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Bank Regulator Proposes Chinese Crypto License In Research Paper

A research paper from China's banking regulator suggests the country should let ICOs operate legally under a financial regulatory framework.

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People’s Bank of China (PBoC) Has Filed 41 Blockchain-Related Patents

China is continuing its way of crypto development. A digital currency research lab set up by the People’s Bank of China has submitted 41 patent applications, which means the world’s second-largest economy is planning a more prominent role in the cryptocurrency ecosystem.

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Bitcoin Miner Maker ‘Ebang Communication’ Seeks To Join Hong Kong Stock Exchange (HKEX)

Outside the crypto market, Ebang Communication has positioned itself as a major bitcoin mining chip maker in China but will now look to nail a place in the Hong Kong Stock Exchange (HKEX) in the coming months.

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Bitcoin Loses Top Spot in China’s Newly Updated Crypto Index

In the fresh report, EOS has supplanted Ethereum as the number one rated asset. Apparently, EOS met each criteria with more than enough wiggle room to inch its way into the report’s top position. Some community members have taken these account suspensions as proof that EOS is not as decentralized as it may claim. Under

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China Releases Updated Crypto Index: EOS on Top While Bitcoin Falls Out of Favor

The China Center for Information Industry Development (CCID) released the second iteration of its monthly Global Public Chain Technology Evaluation Index. As part of the Ministry of Industry and Technology Information, the CCID is releasing the monthly reports on behalf of the Chinese government.

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