China had prohibited financial firms from holding or trading in Bitcoin back in December 2013, going on to later ban any foreign crypto-exchange that offered such services. However, the latest announcement by the Chinese President Xi Jinping on blockchain technology, followed by the passage of the cryptographic law, has made everyone optimistic that maybe China […]
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Now, the Standing Committee of the 13th National People’s Congress in China has passed a new law on Oct. 26 to regulate cryptography. The law will be implemented from January 2020, reported local news channel CCTV.
A Chinese Bitcoin enthusiast is currently filming her attempt to survive 21 days by living on nothing but bitcoin. A recent documentary shows her trying to retrieve food, housing, and necessities all through cryptocurrency transactions done on her phone.
XYO Network, blockchain’s first cryptographic location network, will provide certainty driven location data to China’s automated, connected cities of the future through CAS Smart City’s big data management platform for the Internet of Things (IoT).
Chinese bitcoin FOMO appears to be on the rise as a major bank has reportedly invested in a local wallet platform. This report marks another significant crypto and blockchain-related development from China as the country appears to be moving towards government-approved adoption.