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China

People’s Bank of China in Shenzhen ‘clean up’ plan targets illicit digital currency firms
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20 August, 2021

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...
China latest 5-year plan includes multi-year crackdown on tech sectors
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17 August, 2021

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...
Beijing underground rolls out full integration of CBDC for payments
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12 August, 2021

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...
Huobi to dissolve digital currency exchange in China
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30 July, 2021

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...
Shenzhen-based BIT Mining raises money to expand overseas
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20 July, 2021

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...
OK Group inks deal to help China fight money laundering with blockchain
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18 July, 2021

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...
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