Results for "china"
Ex-head of China’s CBDC reportedly under investigation
The former head of China’s digital yuan initiative is reportedly under investigation for “serious violations of discipline and law.” Yao Qian, the former lead developer of China‘s central bank digital currency (CBDC) initiative, is said to be under investigation for…
China’s largest mainland equity funds quietly join spot Bitcoin ETF market, report says
Mainland Chinese fund companies are leveraging their Hong Kong subsidiaries to explore spot Bitcoin ETFs, signaling their keen interest in the new investment avenue. Chinese mainland-based equity funds have reportedly submitted their applications to launch spot Bitcoin exchange-traded funds (ETFs)…
China’s crypto investors triumph despite restrictions, net about $1.2b
Chainalysis, a blockchain research firm in New York, highlighted a significant rebound in the crypto space, showing strong continued interest within China despite the government’s restrictions.
China cautions investors against Bitcoin (BTC) despite long-standing ban
China’s state-run newspaper has issued a crucial advisory to investors, urging vigilance amidst Bitcoin’s (BTC) recent surge to a two-year peak of over $65,000. The caution comes in the backdrop of persistent regulatory concerns and a dynamic global crypto landscape.…
China’s authorities to crack down on rising blockchain, metaverse crime
China’s Supreme People’s Procuratorate promised punishment for criminals utilizing blockchain technology and metaverse projects for nefarious operations.
MEXC reportedly cracks down on users from China with no KYC
Crypto exchange MEXC has reportedly initiated a crackdown on unverified users suspected to be from mainland China. According to Chinese blockchain journalist Colin Wu, citing sources within the local crypto community, MEXC has begun imposing restrictions on accounts of users…
China to introduce significant changes to crypto AML for the first time in 17 years
Chinese authorities are significantly preparing to amend their anti-money laundering (AML) regulations. According to regional media reports, Beijing is set to amend its anti-AML rules to include cryptocurrency-related transactions amid calls for greater scrutiny of the nascent crypto industry from…
British police seized over $1.7b in Bitcoin linked to China’s investment fraud
The Metropolitan Police revealed the seizure of over 60,000 BTC from a significant Chinese investment scam scheme. A seizure that occurred back in 2018 was disclosed for the first time during a court hearing in London on Jan. 30, according…
China onboards Tencent, Huawei, Ant Group for metaverse working group
China’s Ministry of Industry and Information Technology (MIIT) has announced the formation of a working group aimed at setting standards for the metaverse. In a public notice on Jan. 19, MIIT stated that the metaverse working group was created to…
China experiencing increased crypto-related corruption, bribery cases
China is currently facing a significant increase in corruption and criminal activities linked to cryptocurrencies and digital financial instruments.
China to intensify crackdown on stablecoins to thwart illegal forex trading
In a bid to intensify the crackdown on crypto, China is calling for strict measures against illegal foreign exchange trading involving USDT. China is seemingly preparing to double down on its crypto crackdown, with the Supreme People’s Procuratorate (SPP) and…
China’s central bank lists crypto-assets in financial stability report
The latest financial stability report from the People’s Bank of China reveals a distinct section for crypto-assets.
China accelerates CBDC pilot with cross-border precious metals transaction
China’s major lender has concluded the cross-border settlement for precious metals trading with digital yuan. The Bank of China is set to expand the application of the country’s digital currency as the Beijing-based commercial bank has completed the first cross-border…
China proposes blockchain-powered identity verification
The Chinese Ministry of Public Security is set to launch RealDID, a blockchain-based platform aiming to authenticate the real-name identities of citizens.
China nears end of its multi-year CBDC pilot, ex-PBoC governor says
China is on track with its central bank digital currency trial as final stages are ‘not very far away,’ says ex-PBoC governor. China is approaching the end of its multi-year digital yuan pilot as the “final stage is not very…
Standard Chartered China provides digital yuan exchange services
Multinational banking giant Standard Chartered has begun offering exchange services for the digital yuan, helping to integrate China’s CBDC into the global financial system.
China’s public card game developer to put $100m in BTC and ETH
According to a Hong Kong Stock Exchange filing, Boyaa plans to purchase crypto over the next 12 months. Chinese publicly traded online game developer Boyaa Interactive is set to dive deep into the crypto market. In a recent filing with…
China announces criminal penalties for theft of digital assets including NFTs
The Chinese government has officially declared that the theft of digital collections, including NFTs, will be legally treated as property theft, signifying a significant shift in the nation’s approach to digital asset regulation.
