2020-7-31 17:00 |
Bitcoin-related activities are not prohibited by the Chinese government as the cryptocurrency acts as a virtual commodity.
origin »Bitcoin price in Telegram @btc_price_every_hour
|
Alibaba and China Telecom are moving ahead with a new data centre project in southern China, powered entirely by the e-commerce giant’s in-house AI chips, as Beijing steps up efforts to build domestic computing infrastructure. The facility, unveiled on Tuesday,…
China’s regulators are pushing for banks to upgrade the “bank-tax interaction” model in a bid to expand financing for small businesses. According to a policy notice issued by the State Administration of Taxation and the National Financial Regulatory Administration, banks…
Hong Kong's sandbox role allows China to explore new financial technologies, like a gold-backed digital asset. Why does it matter? It could potentially be a stable alternative to the dollar.
Crypto money laundering is no longer centred on large, centralised exchanges. Instead, informal Chinese-language networks are playing a growing role in helping criminals move and disguise illicit funds.
A hard-start approach may force compliant firms to stop operations. The HKSFPA urges a 6–12 month grace period for applicants. The association also raised concerns over the CARF framework.
Seventy-six governments have pledged to share crypto data under CARF. Fifty-three countries have signed the agreement enabling automatic exchange. Switzerland delayed its timeline while the US continues its internal review.
HashKey Holdings Ltd. , operator of Hong Kong’s largest licensed cryptocurrency exchange, is seeking to raise as much as HK$1. 67 billion ($215 million) through an initial public offering, marking a significant test of the city’s ambitions to position itself as a regional digital-asset hub.