China Never Completely Banned Crypto
Despite government crackdowns and widespread reports that crypto is outlawed in China, crypto trade is still very much alive. How is that possible?
China
What’s going on in China Is the stock market about to collapse?
First month of 2024 marked distinctly different performances for two of the world’s largest economies. The U.S. stock market recorded … Continue reading
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China’s Illegal Crypto Activities Are Taking Place in Laundromats and Cafes: WSJ
Physical trading is most popular in China’s inland, as places further from the coast are generally poorer so local governments are preoccupied with other matters.
China Vows to Clarify Web3, NFT Development Path
Moving forward, China’s Web 3 strategy would encourage the development of new business models such as NFT and accelerate the innovative application of Web3, the Ministry of Science and Technology said.
China to Verify Citizens’ Identities With New Blockchain-Based Platform
The announcement follows a government rule change to require social media influencers to display their real names.
Standard Chartered China Offering Exchange Services for Digital Yuan
Standard Chartered (Shutterstock)
Crypto at the Center of $300M Fraud Case in China
21 people were sentenced in a case involving converting ‘dirty’ USDT to RMB.
Crypto Miners Lobby U.S. Lawmakers to Counter Environmental ‘Misunderstanding’
When crypto mining is discussed in the U.S. Congress, it’s often tied to claims that mining operations are environmental parasites, sapping finite energy resources. But representatives of that sector flooded offices on Capitol Hill this week to argue their businesses can help stabilize the power grid, tie into renewable resources and foster domestic technology.
PetroChina Completes First International Crude Oil Trade in Digital Yuan: Report
PetroChina bought 1 million barrels of crude oil settled in e-CNY at the Shanghai Petroleum and Natural Gas Exchange.
Chinese Firms Used Crypto Payments to Run Fentanyl Network, U.S. Claims in Charges
The U.S. Department of Justice (DOJ) targeted several Chinese businesses and their employees Tuesday in the latest round of charges tied to production and trafficking of fentanyl – a network that depended on cryptocurrency payments, according to authorities.