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Banking Finance Fintech

Libra Will Be a Shock for Existing Financial and Monetary System: China’s National Institute of Financial Research

The head of one of China’s leading financial and economic think tanks has expressed concern about the potential impacts of Facebook’s plans to launch its own cryptocurrency.

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Banking Fintech

Beijing’s New Bitcoin ATM Has Already Been Removed

A Bitcoin ATM that recently made an appearance on a street in Beijing has already been removed by its developers.

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Banking Finance Fintech

Beijing Categorises Bitcoin Mining as “Eliminated” Industry

The Chinese central government plans to officially including the mining of virtual currencies such as Bitcoin on its list of “eliminated” industries.

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Economy Fintech

Nearly 40% of Chinese Investors Willing to Bet on Cryptocurrencies in Future

A new survey on the state of the cryptocurrency market in China has found that around 40% of respondents would be willing to invest in virtual money in future.

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Banking Fintech

Baidu, Alibaba and Tencent Leap Aboard Beijing’s Cryptocurrency Crackdown

The Chinese central government has enlisted the aid of the country’s leading tech giants in its ongoing crackdown on cryptocurrencies and ICO’s.

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Banking

China’s Banking Regulator Issues Risk Warning on Cryptocurrency Fraud

The China Banking and Insurance Regulatory Commission (CBIRC) has issued a risk warning about on use of certain key terms in relation to the blockchain and cryptocurrencies to engage in fraudulent activities or illegal fund-raising.

Categories
Fintech

Tencent Shuts Cryptocurrency Media Accounts on WeChat

Chinese internet giant Tencent has permanently shut a slew of blockchain and cryptocurrency-related media accounts on its massively popular WeChat messaging platform.

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Fintech

Chinese Hackers Arrested for Stealing Nearly $87 Million in Cryptocurrencies

A trio of hackers in China have been arrested by police for stealing as much as 600 million yuan (approx. USD$87 million) in cryptocurrencies.

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Fintech

Chinese Central Bank Will Continue to “Firmly Strike” Against Initial Coin Offerings, Cryptocurrency Platforms

The People’s Bank of China (PBOC) has signalled that it will maintain its crackdown on initial coin offerings (ICO’s) and the use of cryptocurrencies for financing purposes.

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Finance Fintech

Chinese State TV Warns of Burgeoning Cryptocurrency Bubble

China Central TV has run an investigatory news story on the perils of cryptocurrency speculation, warning that a bubble continues to brew on the market for blockchain-based money.