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.
A Bitcoin ATM that recently made an appearance on a street in Beijing has already been removed by its developers.
The Chinese central government plans to officially including the mining of virtual currencies such as Bitcoin on its list of “eliminated” industries.
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.
The Chinese central government has enlisted the aid of the country’s leading tech giants in its ongoing crackdown on cryptocurrencies and ICO’s.
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.
Chinese internet giant Tencent has permanently shut a slew of blockchain and cryptocurrency-related media accounts on its massively popular WeChat messaging platform.
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.
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.
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.