Reportedly, the tax authority had fined Bitmain about 25 million Chinese yuan ($3.7 million). As per local media reports, a notice regarding the tax violation was sent to Bitmain in August 2022
Sam Bankman-Fried has been accused of paying Chinese authorities $40 million in cryptocurrency.
Reportedly, the insiders shared techniques that can be used to evade Binance’s KYC, residency, as well as verification systems.
Representatives from the China Liaison Office have been frequenting Hong Kong crypto gatherings to get a grasp of what's going on.
Conflux Network and China Telecom to Introduce Blockchain SIM Cards for Web3 Access
China is launching a blockchain research facility in Beijing as it looks towards fully incorporating the blockchain benefits into daily life.
China has now outlawed Damus, a recently founded decentralised social networking platform
Former PBoC Monetary Policy Committee member Huang Yiping recently expressed his fears about the prospects of technology in China in light of the country's crypto ban
Apart from NFT's, the platform will also facilitate trading copyrights related to digital assets.
The probe on money laundering started after a concerning increase in deposits totaling more than 10 million yuan hit a local bank
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