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Blockchain Sector Sees Boom in China Despite Cryptocurrency Ban

The blockchain sector in China has seen booming growth, despite strenuous efforts by Chinese regulators to suppress the cryptocurrency market since 2017. China's blockchain...

Shenzhen Issues Warning against Cryptocurrency Speculation

Financial authorities in the southern Chinese tech hub of Shenzhen have issued a stern warning on the economic risks posed by speculation in cryptocurrencies....

Cryptocurrency Mining Declared Obsolete by China’s State Economic Planner

The Chinese central government has reiterated its crackdown on cryptocurrency mining within China's borders, with the state economic planner officially declaring such business operations...

China Sees Exodus of Cryptocurrency Exchanges as 2021 Draws to a Close

At least 15 cryptocurrency exchanges have announced their complete withdrawal from the mainland Chinese market amidst an intensifying crackdown on virtual currency trading that...

Chinese Central Bank Steps up Ban on Cryptocurrency Trading Due to Speculation Concerns

The People's Bank of China (PBOC) has further heightened prohibitions on the trading of cryptocurrencies within China following concerns over a resurgence in speculative...

Chinese Central Bank Warns Big Banks and Payments Platforms over Cryptocurrency Speculation

The People's Bank of China (PBOC) has summoned a number of Chinese banks and payments platforms for discussions concerning speculative trading in cryptocurrencies such...

Use of Cryptocurrency for Criminal Activity in China on the Rise: Peak Domestic Payments Body

The peak body for China's payments sector has highlighted a rise in the use of cryptocurrency domestically for illegal activities. The Payment & Clearing...

Chinese Industry Bodies Issue New Ban on Finance and Payments Organisations Engaging in Cryptocurrency-Related Operations

Several of China's peak bodies for the financial sector have reiterated the country's hard stance against cryptocurrency transactions with the issuance of a new...

Chinese Central Bank Researching New Cryptocurrency and Stablecoin Regulations

The People's Bank of China (PBOC) says it is currently in the process of drafting new measures for the regulation of cryptocurrencies and stablecoins. Li...

China Concerned over Return of Cryptocurrency Trading Following Bitcoin Price Spike

Chinese regulators are on high alert over risk issues in relation to Bitcoin trading by domestic investors following a 300% surge in the iconic...