Hydropower plant in China fined for supplying energy for mining

May 25, 2022

Hydropower plant in China fined for supplying energy for mining

Also, law enforcement officers will confiscate the profits from the sale of the resource for cryptocurrency mining

China returned to second place in the global bitcoin hashrate

May 17, 2022

China returned to second place in the global bitcoin hashrate

The country accounts for 21% of the computing capacity for BTC mining

SEC threatened Canaan with delisting from Nasdaq Stock Exchange

May 6, 2022

SEC threatened Canaan with delisting from Nasdaq Stock Exchange

The company has until May 25 to prove that it is not “owned or controlled” by a foreign government

​Samsung Asset to list blockchain ETF on the Hong Kong Exchange

May 2, 2022

​Samsung Asset to list blockchain ETF on the Hong Kong Exchange

According to the company representatives, the fund will be the first project to track cryptocurrencies and blockchain technologies registered in Asia

​China added the ability to pay taxes using the digital yuan

Apr 27, 2022

​China added the ability to pay taxes using the digital yuan

According to the local media, the payment process is “no different from Alipay or WeChat Pay”

​Chinese financial associations proposed a number of restrictions for NFTs

Apr 14, 2022

​Chinese financial associations proposed a number of restrictions for NFTs

Organizations are concerned that non-fungible tokens can facilitate illicit financial activity

​People’s Bank of China to launch the second phase of testing the digital yuan

Apr 4, 2022

​People’s Bank of China to launch the second phase of testing the digital yuan

The institution noted an increase in the number of transactions and users following the results of the first phase.

​UnionPay will add support for the digital yuan

Mar 30, 2022

​UnionPay will add support for the digital yuan

The retailers will be able to receive payments in the national cryptocurrency through third-party operators

​Hong Kong Stock Exchange announced the launch of its security token platform

Mar 30, 2022

​Hong Kong Stock Exchange announced the launch of its security token platform

At the first stage of the launch, the users will be able to trade tokenized shares of companies that comply with the ESG principles

​Chinese companies have imposed restrictions on the operation of NFT platforms

Mar 21, 2022

​Chinese companies have imposed restrictions on the operation of NFT platforms

WeChat, Ant Group, and Tencent fear government reprisals

​Crypto pyramid scheme masterminds arrested in China

Mar 16, 2022

​Crypto pyramid scheme masterminds arrested in China

The suspects embezzled user funds of 100 million yuan ($15 million)

US senators introduced a bill to protect against the digital yuan

Mar 11, 2022

US senators introduced a bill to protect against the digital yuan

China’s national cryptocurrency will allow countries under US sanctions to bypass global financial systems, the Senate believes