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Assessing China's latest efforts to 'promptly clean up and rectify' crypto-entities
China’s war on crypto seems to be far from over after the People’s Bank of China decided to embark on a campaign to "promptly clean up and rectify" forex and cryptocurrency trading companies for iThe post Assessing China's latest efforts to 'promptly clean up and rectify' crypto-entities appeared first on AMBCrypto. дальше »
2021-8-17 19:00 | |
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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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The Impending Dangers of China’s Digital Yuan And Why it Poses Zero Threat to Bitcoin
Of the nearly 80 countries currently interested in developing Central Bank Digital Currencies (CBDCs), China is the clear leader. China, one of the first countries to show interest in CBDCs, has also announced its plans to be using its CBDC, the digital Yuan, by the time the Olympics come around in February 2022. The People’s […] дальше »
2021-7-28 23:39 | |
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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 hits back at senators 'making troubles' about digital Yuan
China plans to carry out the trial of its Digital Currency Electronic Payment [DCEP] or digital Yuan in 2022 during the Winter Olympics. In fact, according to People's Bank of China [PBoC] Governor FaThe post China hits back at senators 'making troubles' about digital Yuan appeared first on AMBCrypto. дальше »
2021-7-22 00:30 | |
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Why A Group of U.S. Senators Oppose Use of Digital Yuan in Beijing Winter Olympics
China’s central bank digital currency, the digital Yuan or e-CNY, is well on its way for full implementation. The People’s Bank of China (PBoC) release a Whitepaper with details on their CBDCs for the first time since the project was made public. дальше »
2021-7-20 03:08 | |
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What Are the Risks and Benefits Brought On by China’s e-Yuan?
China’s new digital currency, the e-Yuan, is well on track to launch in the coming months. Pilot tests involving millions of people across multiple cities are currently being rolled. So far, China’s central bank has issued over 2 billion Yuan ($314M) in the trials. дальше »
2021-7-19 13:00 | |
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How China’s CBDC Will Integrate Smart Contracts, Latest Progress Revealed
China’s central bank digital currency (CBDC) is moving fast towards its deployment. For the first time since the project was launched over 7 years ago, the People’s Bank of China (PBoC) has released a Whitepaper with the digital Yuan or e-CNY’s most important progress. дальше »
2021-7-17 01:00 | |
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China Reveals Digital Yuan White Paper: Smart Contracts, $5.4B Settled, Large Transfers Traced
The working group involved with the research and development of the digital yuan for the People’s Bank of China (PBOC) has published a paper describing the digital currency’s progress. The PBOC initiated a task force dedicated to the creation of a digital yuan in 2014, and the recently published document is the project’s first white […] дальше »
2021-7-17 21:30 | |
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China’s e-CNY White Paper Criticizes Bitcoin; Reveals CBDC Project Uses Smart Contract
The People’s Bank of China (PBOC), China’s central bank, has published a white paper on its upcoming central bank digital currency (CBDC), otherwise known as the digital yuan or e-CNY. Notably, the document revealed that the project utilizes smart contract features for programmability. дальше »
2021-7-17 21:00 | |
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China’s central bank says crypto gave impetus to the creation of its CBDC
A working paper released in English by the People’s Bank of China cites cryptocurrencies as an important context for the digital yuan’s development and reveals that the digital currency will use smart contracts to allow for programmability. дальше »
2021-7-17 12:44 | |
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China Shuts Down Software Maker Over Suspected Crypto-Related Activity, Issues Industry-Wide Warning
The People’s Bank of China (PBOC), the country’s central bank, has shut down a software firm over suspected involvement in cryptocurrency transactions. The central bank also warned organizations not to “provide premises, commercial display, advertising … and other services for cryptocurrency-related business activities. дальше »
2021-7-7 06:30 | |
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IBC Group to end Bitcoin and Ethereum Mining in China, and Move Staff to UAE, Canada, USA, Kazakhstan, Iceland, and Various South American Countries
The IBC group has significant Bitcoin and Ethereum mining operations across China and has over 1500 people employed in more than 40 cities. The group, which has... дальше »
2021-7-6 19:08 | |
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U.S Senator Spots Major Loophole Following China’s Bitcoin Mining Crackdown, But Will The U.S Tap In?
Cynthia Lummis, a US senator representing Wyoming recently took to Twitter to express her opinion on the recent developments with China-based miners, who have relocated. She called the actions of the Chinese government a serious mistake, while also noting that their actions are a huge opportunity for the USA, that is if more people in […] дальше »
2021-7-1 00:05 | |
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“More Rigid Policies Are Yet To Come,” Says Chinese Media While Beijing Subway Runs e-CNY Test
The Chinese media group Caixin Global published an editorial this week with the title, “It’s Time to Declare War on Cryptocurrency.” The editorial talks about how no other country than China has been more determined to “put an end to speculative trading of digital currencies” as the People’s Bank of China (PBOC) instructed several financial […] The post “More Rigid Policies Are Yet To Come,” Says Chinese Media While Beijing Subway Runs e-CNY Test first appeared on BitcoinExchangeGuide. дальше »
2021-6-30 16:38 | |
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Crypto Market Forecast: Week of June 28th 2021
A curated weekly summary of forward-focused crypto news that matters. This week, Bitcoin dips as the People's Bank of China clamps down on speculative crypto trading channels, some whales are willing to take bullish bets, and the Bitcoin hashrate continues to decline. дальше »
2021-6-28 05:00 | |
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People’s Bank Of China Intensifies Bitcoin Ban With Financial Institution Meeting
The People’s Bank of China summoned financial institutions to reinforce that no Chinese citizen can make bitcoin transactions. дальше »
2021-6-22 18:27 | |
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Bitcoin Slips To $32K As China’s Central Bank Orders Banks To Block Cryptocurrency Transactions
People’s Bank of China (PBoC), the country’s central bank, has today directed local banks and payment institutions to stop providing cryptocurrency-related services such as account opening, trading, clearing, and settlement. дальше »
2021-6-22 16:57 | |
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China’s Central Bank Orders Institutions To Block Crypto Transactions
The People’s Bank of China (PBOC) said on Monday it has ordered banks and payment institutions to crackdown on crypto. The move comes after the nation enforced a series of mining shutdowns, the latest of which took place in Sichuan. дальше »
2021-6-22 16:36 | |
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PBOC Orders Major Banks, Alipay to Cease Servicing Crypto Companies
The People’s Bank of China (PBOC) has pressed major banks and payment platform Alipay to cease providing services linked to cryptocurrencies. The post PBOC Orders Major Banks, Alipay to Cease Servicing Crypto Companies appeared first on BeInCrypto. дальше »
2021-6-21 16:20 | |
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PBOC Instructs China’s Banks to Forbid All Cryptocurrency Related Activities Immediately
China’s central bank has sent notice to the country’s financial institutions instructing them to stop dealing with cryptocurrency transactions. The disclosure notes that the People’s Bank of China (PBOC) aims to protect Chinese citizens and “combat the speculation of Bitcoin and other virtual currency transactions. дальше »
2021-6-22 15:30 | |
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Central Bank of China orders banks to block cryptocurrency-related transactions
The People's Bank of China ordered financial institutions to suppress cryptocurrency-related transactions. The ban affected not only banks and brokers, but also the Alipay payment network. Bitcoin crashed 10%. дальше »
2021-6-27 13:24 | |
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Subcontractors and Builders Located in China’s Xiong’an New Area Are Being Paid in Digital Yuan
Xiong’an New Area, a state-level new area in Hebei, China, is seeing the use of onchain digital yuan payments, according to a circular issued by the Xiong’an government. The announcement details that Xiong’an subcontractors and builders are being paid using the central bank digital currency (CBDC) via the People’s Bank of China and the new […] дальше »
2021-6-15 00:30 | |
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Digital Yuan to Be Stored in Physical and Digital Wallets, Official Says
The People’s Bank of China (PBoC) announced today that the digital yuan wallet will be inclusive for all to use. The post Digital Yuan to Be Stored in Physical and Digital Wallets, Official Says appeared first on BeInCrypto. дальше »
2021-6-12 18:30 | |
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China arrests 1,100 suspects for laundering illicit funds through crypto
Chinese police officers have arrested more than 1,100 people suspected of using cryptocurrencies to launder funds obtained through telephone and internet scams. The suspects’ illegal activities were discovered after a recent crackdown. дальше »
2021-6-11 22:58 | |
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1,100 people arrested in China over alleged crypto fraud
Chinese police busted a network of more than 170 criminal groups as they arrested 1,100 suspects involved in money laundering by buying cryptocurrencies, security officials said in a statement. The post 1,100 people arrested in China over alleged crypto fraud appeared first on CryptoSlate. дальше »
2021-6-11 20:00 | |
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China Arrests 1,100 People Allegedly Using Cryptocurrency to Launder Criminal Proceeds
Chinese authorities have announced that more than 170 criminal gangs have been eliminated and over 1,100 suspects arrested in the latest round of crackdown on criminal groups providing cryptocurrency money laundering services for telecom fraudsters. дальше »
2021-6-11 19:00 | |
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Crypto-Related Money Laundering in China Leads to Arrest of 1,100 Suspects
The Chinese authorities arrested over 1,110 people suspected in crypto-related money laundering this past Wednesday. The post Crypto-Related Money Laundering in China Leads to Arrest of 1,100 Suspects appeared first on BeInCrypto. дальше »
2021-6-10 13:34 | |
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The 4th Richest Bitcoin Whale bought 12,000 bitcoins at an average price below $40k in past three weeks
Yesterday’s sell-off might just be the dumbest move we saw happen in the bitcoin crypto market. People were panicking all over again, but this time- it was not China FUD or any mining-related issue; it was mainstream media and US government officials spreading fake news on bitcoin wallets being hacked. дальше »
2021-6-10 20:42 | |
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China State-Owned Media Says People Are Allowed to Participate In Crypto At Their Own Risk
It is those packaged as a “profitable” speculative object to attract investors to the crypto trading platforms that need supervision. Meanwhile, Canaan argues against the indiscriminate crackdown, saying crypto mining helps make better use of electricity. дальше »
2021-6-3 16:33 | |
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Tiger Brokers and Futu to Offer Crypto Trading Services Outside China
Two Chinese online brokerages have set out to enter the global crypto trading market. The platforms, Tiger Brokers and Futu, are planning to offer their services only outside the People’s Republic as Beijing is once again cracking down on bitcoin trading in the country. дальше »
2021-6-2 17:00 | |
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Former PBOC Official Says Digital Yuan Not Developed to Monitor Transactions
A former official of the People’s Bank of China (PBOC) argued that contrary to opinions about China’s central bank digital currency (CBDC), the digital yuan was not developed for monitoring purposes. дальше »
2021-6-1 21:00 | |
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Former PBoC Official Denies Digital Yuan Will Be a Surveillance Tool
A former People's Bank of China (PBoC) official has defended China by clarifying its motivations behind developing a central bank digital currency (CBDC). The post Former PBoC Official Denies Digital Yuan Will Be a Surveillance Tool appeared first on BeInCrypto. дальше »
2021-5-31 15:00 | |
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China’s state-run media slams Bitcoin trading, calls for stricter supervision
Following the Bitcoin mining debacle that originated from China earlier this week, Xinhua News, the official state-run press agency of the People’s Republic of China, published a new article today, highlighting the risks of cryptocurrency trading. дальше »
2021-5-29 20:56 | |
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Chinese Internet Cafe Owners Deal With the Pandemic Crisis by Using Their Facilities to Mine Cryptocurrencies
The Coronavirus pandemic has driven people to take advantage of new business lines to deal with the economic crisis, and cryptocurrency is once again a headliner. Internet cafe owners in China are using their facilities to set up crypto mining farms after temporarily shutting down in 2020. дальше »
2021-5-20 02:00 | |
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Black Thursday All Over Again? Analyst Explains Bitcoin Could Drop to $30,000
Bitcoin has been trending down for five days now. Another piece of bad news came Wednesday, as the People’s Bank of China said digital tokens can’t be used as a form of payment. After the announcement, both BTC and ETH saw a 5% drop. дальше »
2021-5-20 18:34 | |
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HKMA Ready to Expand Cross-Border Digital Yuan Test After Successful Pilot
The Hong Kong Monetary Authority (HKMA) and the Digital Currency Institute of the People’s Bank of China (PBOC), are looking to expand the testing of China’s central bank digital currency (CBDC) for cross-border payments. дальше »
2021-5-14 00:30 | |
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Digital Yuan Trial Hotspot Not Seeing Wide Acceptance, Claims Report
With digital yuan pilots underway in China, it seems the currency is not meeting government expectations. A recent report highlighted a series of interviews from people in the hotspot, reflecting a lackluster reception among the participants. дальше »
2021-5-11 23:00 | |
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China’s Digital Yuan Receives Lukewarm Response from Early Users
The People’s Bank of China (PBOC) is inching closer to becoming the first major central bank to launch a sovereign digital currency. The bank has rolled out several ambitious pilot programs in recent months in a bid to test how the digital currency, dubbed the digital Yuan, would work in real life. Heading to theRead More дальше »
2021-5-10 17:01 | |
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China’s Central Bank To Work With Alibaba’s Ant On Digital Yuan
Per a report by VOA News, Alibaba Group’s affiliate Ant Group has signed a partnership with the People’s Bank of China. The partners will work to build a platform for the country’s central bank digital currency (CBDC). дальше »
2021-5-3 23:50 | |
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Digital Yuan Is Closing In On A Full Release As Major Institutions Start Using The CBDC
Ant Group, a wholly-owned subsidiary by Alibaba, has been partnering with the People’s Bank of China (PBoC) on the central bank digital currency, popular as CBDC, a report from South China for the past four years China Morning Post reads. дальше »
2021-4-28 22:00 | |
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Why the PRC Digital Renminbi is Unlikely to Disrupt the Crypto Industry
The People’s Republic of China (PRC) has unveiled a digital Renminbi that will reportedly disrupt the cryptocurrency market if the regime decides to take on the crypto sector. Analysts believe… The post Why the PRC Digital Renminbi is Unlikely to Disrupt the Crypto Industry appeared first on CoinCentral. дальше »
2021-4-23 00:46 | |
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