Digital currencies not protected by law, Chinese court rules in latest blow
The court in Shandong, China, has ruled that investing in digital currencies is not protected by the constitution in an appeal ruling that saw a man lose $10,000.
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BTC miners will be cut off from power in parts China’s Yunnan
Officials in Yingjiang County are implementing strict warnings to block reward miners operating illegally to halt operations within the region.
The CoinGeek Pulse Episode 57: China tech sector crackdown continues, Ethereum congestion forces King Tiger Casino shutdown, 2GB block mined on BSV
As part of its goal to become the world’s “tech superpower,” China’s central government is intensifying the crackdown on technology sectors.
People’s Bank of China in Shenzhen ‘clean up’ plan targets illicit digital currency firms
The Shenzhen branch of the central bank published plans stating that it would bring some 11 companies into line with regulation, according to reports.
China latest 5-year plan includes multi-year crackdown on tech sectors
Authorities in Beijing confirmed that recent steps to tighten controls on digital currency and other sectors would not be abating any time soon, with a growing emphasis on regulating and bringing enforcement action.
Beijing underground rolls out full integration of CBDC for payments
The city’s railway announced last week that the digital yuan, or e-CNY, would be available immediately at 428 stations across its 24 lines, in a significant upgrade to the scope and scale of the pilot scheme.
Huobi to dissolve digital currency exchange in China
The move sees Huobi join fellow digital currency exchange OKEx in closing down its Chinese arm, following the People’s Bank of China ban on ICOs and fiat-to-digital currency trading enacted in 2017.
Shenzhen-based BIT Mining raises money to expand overseas
BIT Mining Limited has raised $50 million in additional capital through a private placement to expand its overseas operations as China continues to tighten restrictions on blockchain based.
OK Group inks deal to help China fight money laundering with blockchain
The company revealed that its blockchain intelligence solution has already helped Chinese police recover 10 billion yuan ($1.5 billion) in illegal funds and crack dozens of cases.
Anhui Province shuts down block reward miners, cites power shortage
Anhui cited a directive by the State Grid Corporation of China, the national electricity distributor, which has urged authorities to shut down block reward miners.
People’s Bank of China ramps up digital currency crackdown
Authorities from the People's Bank of China recently issued a notice warning local institutions not to provide digital currency-related companies' services.
China shuts down software maker as crackdown on digital currency mining intensifies
Beijing Qudao Cultural Development Company, a marketing and public relations firm registered in 2016, is accused of “providing software services to crypto trading activities.”