News with the tag "China ban"

China’s new forex rules require Chinese banks to track identity, fund sources, and trading frequencies to curb cross-border crypto activities.

Amid increasing discussions surrounding the crypto regulation landscape, a former senior official from China’s Ministry of Finance has urged the government to reconsider its stringent ban on virtual assets. According to a South China Morning Post report, Zhu Guangyao, vice minister from 2010 to 2018...

On-chain data shows the 7-day average Bitcoin mining hashrate has just witnessed its largest plunge since the China ban back in 2021. Bitcoin Mining Hashrate Has Just Observed The Sharpest Drop In 3 Years The “mining hashrate” refers to a measure of the total amount of computing power that the miner...

China’s Ministry of National Security has initiated a concerted effort to combat a scheme utilizing cryptocurrencies for illegal collection and dissemination of sensitive map data. Recent investigations have unearthed a concerning pattern where overseas map companies entice domestic individuals with...

A recent judicial declaration in China hints at a potential shift in the country's stance on cryptocurrencies.