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China e-CNY follows this principle, work on multi-CBDC bridge in progress
The world has been watching the rapid rollout of China's digital yuan, across the country. However, this was also reportedly followed by the country's first crime involving the CBDC. According to repoThe post China e-CNY follows this principle, work on multi-CBDC bridge in progress appeared first on AMBCrypto. дальше »
2021-11-10 14:30 | |
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The Future Of Crypto In China Gets Bleaker As Over 20 Cryptocurrency Firms Withdraw From The Chinese Market
China’s seriousness with its near blanket ban of all things crypto-related in the country has begun to receive telling reactions from crypto-businesses. According to a report by a local news outlet, as many as 20 virtual currency companies have disclosed that they are ending their operations in China and completely withdrawing from the Asian country […] дальше »
2021-10-13 22:10 | |
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Over 20 crypto firms leave China because of ban
The effect of China’s crypto ban on the country’s digital asset economy is profound as new statistics have revealed that at least 20 crypto-related firms have been forced to either suspend their services to Chinese users or close off their businesses entirely. дальше »
2021-10-12 10:00 | |
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No Hope For Crypto In China As Giant Cryptocurrency Players Exit Region
China’s largest crypto exchange Huobi reveals there’s no hope as it called quits long before the ban It appears that business had become unbearable to continue for China’s leading cryptocurrency exchange as it has been revealed that they had already made a decision to quit the country even before the latest leg of intensified crypto-industry […] дальше »
2021-10-12 18:05 | |
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Bitmain will no longer ship Bitcoin mining equipment to China
Chinese Cryptocurrency mining equipment manufacturer, Bitmain will be taking its business outside China following the crypto ban in the country. The company announced this through a blog post on SundaThe post Bitmain will no longer ship Bitcoin mining equipment to China appeared first on AMBCrypto. дальше »
2021-10-10 16:00 | |
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China considers proclaiming crypto mining as a ‘negative industry’
China has been trying to eliminate cryptocurrencies from its country for years now, and in 2021, it finally came to cracking down on crypto miners. Throughout the year, one province after another started making mining impossible, forcing those engaging in this aspect of the crypto industry to close down shop and move — either to […] The post China considers proclaiming crypto mining as a ‘negative industry’ appeared first on Invezz. дальше »
2021-10-10 19:23 | |
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China’s National Development & Reform Commission Adds Crypto Mining to Outdated Industry
About two dozen cryptocurrency firms have fled the country after PBOC explicitly warned foreign platforms about providing services to its citizens, calling them illegal financial activities. The post China’s National Development & Reform Commission Adds Crypto Mining to Outdated Industry first appeared on BitcoinExchangeGuide. дальше »
2021-10-8 18:49 | |
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Crypto exchange Binance sets up three Irish entities after global regulatory tussle
With the regulatory clampdown against crypto trading still in full effect in China, Binance, the biggest crypto exchange in the world by trading volume, has moved to cement its operations in another country, Ireland. дальше »
2021-10-8 16:00 | |
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Relocated Chinese miners in Kyrgyzstan will now pay more for electricity
After China banned mining in the country earlier this year, the Kyrgyz Republic had become one of the hotspots for the mining pools. The Kyrgyzstan government, however, recently issued a notice to The post Relocated Chinese miners in Kyrgyzstan will now pay more for electricity appeared first on AMBCrypto. дальше »
2021-10-4 23:30 | |
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Coping with the China FUD - Bitcoin and the Huobi story
China's recent crypto-ban may not have drastically crashed Bitcoin, but it is certainly affecting certain businesses in the country. After China's central bank declared that offering trading, order maThe post Coping with the China FUD - Bitcoin and the Huobi story appeared first on AMBCrypto. дальше »
2021-10-1 18:00 | |
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China: 4th Largest Ethereum Mining Pool to Shutter Its Operations Amid Rising Regulatory Concerns
Chinese regulatory crackdown on crypto continues to force crypto miners to leave the country for greener pastures elsewhere. BeePool Shutters Ethereum Mining Operations BeePool, a China-based Ethereum (ETH) mining pool that also holds the distinction of being the world’s 4th largest ETH mining pool in terms of hashrate recently announced it was shuttering its operationsRead More дальше »
2021-9-30 21:00 | |
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The Real Reason Why China Is Strongly Against Bitcoin
Key takeaways China imposes new restrictive rules on Bitcoin, but market observers consider it a good thing. Forbes contributor asserts says the new ban stems from the country’s fears of its citizens growing economic freedom. дальше »
2021-9-30 20:12 | |
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Indonesia Will Not Follow China’s Path For An Outright Crypto Ban, Says Minister Of Trade
Indonesia’s Minister of Trade has stated that the country will not give a blanket ban on cryptocurrencies like China. Indonesia has recorded a spike in cryptocurrency transactions since the start of the year and shows no signs of slowing down. дальше »
2021-9-29 15:28 | |
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China’s Crackdown Hits Ethereum Hard As Authorities Shut Down Over 10,000 Mining Rigs
Ethereum is the most recent asset caught in the path of the bulldozing machine that is China’s crackdown on crypto and crypto-related activities. When the country had begun to crackdown on mining earlier in the year, much focus had been placed on bitcoin given that it was the most popular cryptocurrency in the market. And […] дальше »
2021-9-29 02:00 | |
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Crypto Platforms Start Pulling Out Of China Following The Ban
One by one crypto exchanges and other related platforms are starting to announce exit plans from the Chinese market following the nation’s ban. Crypto Platforms Like Biki, Feixiaohao, And BitMart Pull Out Of China Following The Nation’s Ban A few days back, China announced a ban on all crypto-related transactions in the country. As a […] дальше »
2021-9-29 22:00 | |
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China crypto crackdown: 10,100 mining rigs confiscated in Mongolia
The Chinese government has intensified its efforts to ban cryptocurrency mining and trading in the country. China’s National Development and Reform Commission seized 10,100 crypto mining equipments from a government-operated tech park in Inner Mongolia as it continues its operations against miners in the region. дальше »
2021-9-29 19:51 | |
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Here’s why the US should buy Bitcoin as strategic reserve
China’s ban on crypto has manifested itself in making cryptocurrency transactions illegal, making miners leave the country, and blocking access to sites with information about crypto prices and charts. дальше »
2021-9-29 18:57 | |
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China Blocks Crypto-Related Websites Amid Heightened Crackdown Measures
China is going even further into cracking down on cryptocurrencies in the country. It has decided to block access to CoinGecko, TradingView, and CoinMarketCap through its internet firewall. The three websites are major cryptocurrency-related websites. дальше »
2021-9-29 17:00 | |
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Crypto Market Analysis: September 27, 2021
Crypto markets were rocked on Friday as it emerged that China was implementing a full ban on cryptoasset trading inside the country. Despite it having announced the ban previously, markets reacted badly with big falls in BTC and other altcoins. дальше »
2021-9-28 16:09 | |
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Authorities seize over 10,000 crypto mining machines in Inner Mongolia, China
China’s series of crackdowns on Bitcoin mining keeps making headlines within the crypto community. Parts of the country like Anhui and the Yunan Province announced their intention to crackdown on BiThe post Authorities seize over 10,000 crypto mining machines in Inner Mongolia, China appeared first on AMBCrypto. дальше »
2021-9-28 20:30 | |
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Huobi suspends registration of new users to comply with regulations in China
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. дальше »
2021-9-26 22:00 | |
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Bitcoin Blitzed $20,000 Record High Three Months After China Crypto Ban In September 2017; D
China’s top government authorities are not yet done with bitcoin. Earlier today, the regulators published a statement declaring that trading and mining digital currencies are now strictly prohibited within the country. дальше »
2021-9-25 01:43 | |
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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. дальше »
2021-9-25 17:03 | |
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Bitcoin drops 5% as China proclaims all crypto transactions completely illegal
For years now, China has had a difficult relationship with the crypto industry. In time, however, that relationship started getting worse and worse, especially now as the country is about to release its own cryptocurrency on a nationwide scale. дальше »
2021-9-25 14:05 | |
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China’s Central Bank says Crypto Crackdown Completed and Now Back to Normal Supervision
“The battle to prevent and resolve major financial risks has achieved important phased results,” reads the translated version of the China Financial Stability Report 2021 from the country’s central bank. дальше »
2021-9-4 19:57 | |
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Does The Market Really Care About China’s Anti-Crypto Crackdown?
China’s sustained cryptocurrency crackdown has been intensified in recent months, sparking a major FUD amongst investors. A closer look into the details reveal that the crypto market is choosing to ignore the unsavory headlines from the most populous country in the world. дальше »
2021-9-3 22:39 | |
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Singapore selected 15 companies to participate in creating its CBDC
The race to issue CBDCs is still ongoing, with central banks around the world participating. Of course, not every country has joined the race, but enough of them for it to truly feel like global competition, with China still in the lead. дальше »
2021-8-31 17:33 | |
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China’s Digital Yuan Used for Payment in Country’s Financial Markets
China’s Dalian Commodity Exchange has successfully used the digital yuan for fees settlement in the nation’s futures market, making it the first real application of the People’s Bank of China (PBoC) issued digital currency in the finance sector, according to a report by China Securities News Network on August 23, 2021. дальше »
2021-8-25 19:00 | |
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China’s “Great Mining Migration” Leads Cryptocurrency Firms To Relocate
The recent move from China to crack down on cryptocurrency mining caused Bit Digital Inc to change its plan. Instead, the Nasdaq listed company intensified its efforts of acquiring over 20,000 computer systems from another country. дальше »
2021-8-24 12:00 | |
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China’s high court proclaims that crypto is not protected by law
China has been making a lot of headlines in regards to the crypto industry this year, and more often than not, not for good reasons. The country has seen a number of its provinces crackdown on cryptocurrency mining, causing the miners to abandon their posts and seek out cheap electricity in other provinces, countries, and […] The post China’s high court proclaims that crypto is not protected by law appeared first on Invezz. дальше »
2021-8-23 15:12 | |
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Jamaica’s Central Bank Begins Minting Country’s Digital Currency (CBDC)
Central Bank Digital Currencies (CBDCs) have become a hot topic in the last year, with Asian giant China leading the charge. However, Caribbean nation Jamaica is now at the forefront following its roll-out of its first wholesale digital currency in a recently concluded ceremony. дальше »
2021-8-12 22:14 | |
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Could The New “China Model” Be The Reason The Country Banned Bitcoin Mining?
What is the new “China Model”? And why would that country ban an industry that made them the ultimate leaders in the most important development in recent times? The world is still scratching its head. дальше »
2021-8-11 05:02 | |
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China Reemphasizes It’s Not Yet Done Clamping Down On Bitcoin
China received a lot of backlash for its decision to scrap Bitcoin miners from the country. Miners who were forced to relocate swiftly managed to set up their equipment in a new environment and have since been on the journey of recovery. дальше »
2021-8-3 23:20 | |
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China’s Central Bank Vows to Keep a Close Eye on Crypto Trading
The Chinese central bank vows to keep high regulatory pressure on crypto trading in the country. PBoC to Continue Monitoring Crypto Trading The People’s Bank of China recently published the key takeaways of a meeting where the regulators discussed at length the progress on monetary policy in the first half of 2021 and the stepsRead More дальше »
2021-8-2 19:00 | |
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What you should know about Paraguay's push to welcome Bitcoin miners
Of late, Paraguay seems to be offering Bitcoin miners exactly what they need and thus, it has emerged as the latest country many miners are migrating to. China - Not the powerhouse anymore? China's The post What you should know about Paraguay's push to welcome Bitcoin miners appeared first on AMBCrypto. дальше »
2021-8-1 14:00 | |
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Why did Huobi file 'resolution to dissolve' its entity in China
The stringent crackdown on cryptocurrency businesses and mining in China has led the prominent cryptocurrency exchange, Huobi to shut down its subsidiary functioning in the country. According to the pThe post Why did Huobi file 'resolution to dissolve' its entity in China appeared first on AMBCrypto. дальше »
2021-7-28 21:34 | |
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Bitcoin: These 3 metrics are important to keep track of
Bitcoin and its network’s hash rate took a huge blow when China “banned” mining in the country. This decision’s impact could be long-lasting and while it did affect the investors, it was the mThe post Bitcoin: These 3 metrics are important to keep track of appeared first on AMBCrypto. дальше »
2021-7-27 04:00 | |
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China’s Economy Has Plateaued Says Bloomberg Analyst
“China’s rejection of open-source software crypto-assets may mark a plateau in the country’s economic ascent, we believe,” says Mike McGlone, a Senior Commodity Strategist at Bloomberg Intelligence. Hedge fund manager... дальше »
2021-7-25 17:52 | |
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What this metric means for Bitcoin's capitulation concerns
Bitcoin is more than just a cryptocurrency and a store of value asset. For a lot of people, it is their regular source of income. When China 'banned' mining operations in the country, its repercussionThe post What this metric means for Bitcoin's capitulation concerns appeared first on AMBCrypto. дальше »
2021-7-23 13:30 | |
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China Offers Medics Digital Yuan Insurance Policy for Covid-19
China’s first insurance policy using the digital yuan for settlement has been issued in Shenzhen, local media reported. The new product, targeting medical personnel exposed to coronavirus risks, is offered by the country’s largest insurer, Ping An. дальше »
2021-7-22 18:00 | |
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China considers exploring e-CNY for cross-border payments
China will be taking another step forward in its mission to launch the country's digital e-currency. As per a recent report which cites the PBoC, the country will be exploring possibilities pertainingThe post China considers exploring e-CNY for cross-border payments appeared first on AMBCrypto. дальше »
2021-7-17 00:30 | |
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Three More Chinese Provinces Join National Clampdown on Crypto Mining Activities
The current crackdown on mining activities in China appears to be gaining steam. Three provinces Henan, Gansu, and Anhui, have joined the nationwide crackdown on crypto farms. Henan, Gansu, and Anhui to Crack Down on Mining Activities Local news outlets have reported different reports on the crackdown on crypto mining activities within the country. HeifiRead More дальше »
2021-7-15 23:00 | |
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China’s Anhui province begins its clampdown on Bitcoin (BTC) mining
Eastern China’s Anhui province became the latest regional county to ban Bitcoin mining in the country, weeks after the government unleashed a harsh plan to stamp out the activity in the nation, reported news outlet Reuters this morning. дальше »
2021-7-15 19:00 | |
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