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China

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...
Anhui Province shuts down block reward miners, cites power shortage
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16 July, 2021

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...
People’s Bank of China ramps up digital currency crackdown
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11 July, 2021

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'...
China shuts down software maker as crackdown on digital currency mining intensifies
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9 July, 2021

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...
Plummeting hash rate: The good and bad news
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5 July, 2021

Plummeting hash rate: The good and bad news

Although the drop in hash rate will have a negative consequence on the digital currency markets in the short term,...
China rolls out digital yuan for subway payments in Beijing, Suzhou
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3 July, 2021

China rolls out digital yuan for subway payments in Beijing, Suzhou

The municipal government of Beijing announced that users of the Industrial and Commercial Bank of China digital app would be...
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