Key Takeaways China’s foreign exchange regulator, the State Administration of Foreign Exchange (SAFE), has introduced new rules requiring banks to closely monitor and report crypto-related transactions that may pose financial risks. As per reports, the regulations aim to prevent illicit…
Key Takeaways A recent ruling by Judge Sun Jie of the People’s Court of Songjiang District in Shanghai has clarified the legal status of crypto in China, stating that virtual currencies are considered legal commodities with property rights. The ruling…
Key Takeaways Chinese Bitcoin miners continue to dominate the global Bitcoin network, maintaining over 55% of the network’s total hash power despite the country’s ban on cryptocurrency activities. While U.S. mining pools account for 40% of the hash power, China’s…
Key Takeaways The Feixiaohao team, which runs one of China’s largest cryptocurrency data platforms, is currently under investigation by the Inner Mongolia police. Reports indicate that the investigation has been ongoing for over six months, and key members of the…
Six Malaysian nationals, including four people and a married couple, were accused of kidnapping a Chinese national and holding him ransom in Tether's USDT stablecoin.
Tsinghua University professor and lead scientist of the Conflux network Andrew Chi-Chih Yao received an open letter of appreciation from Chinese President Xi Jinping.
Chinese nationals living abroad are apparently now able to register and have their identities verified by the crypto exchange Bybit.
The Panshi City Public Security Bureau in Jilin Province, China, effectively shut down an illicit underground virtual currency money exchange organization.
Yao Qian, a local pro-blockchain official, is allegedly being investigated by Chinese authorities, who believe she has broken the law.
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