China News

Chinese Police Shuts Down Office Of ICO Startup GXChain
Chinese Police Shuts Down Office Of ICO Startup GXChain
11 September 2019, 17:38

Authorities in China have reportedly emptied and sealed up offices belonging to GXChain, a 2017 ICO startup whose token once reached a market cap of over $600 million.

China to Hasten Crypto Plans Following Libra Emergence
China to Hasten Crypto Plans Following Libra Emergence
08 July 2019, 14:55
China could quickly unveil its cryptocurrency in response to the Libra currency planned by Facebook.
Sichuan Province to Investigate Illegal Bitcoin Mining Farms
Sichuan Province to Investigate Illegal Bitcoin Mining Farms
30 May 2019, 10:08
The Chinese province, Sichuan has opened an investigation into the operations of some illegal cryptocurrency mining farms situated within its terrain.
WeChat Bans Merchant Crypto Trading; China Clampdown Continues
WeChat Bans Merchant Crypto Trading; China Clampdown Continues
07 May 2019, 17:30
A section of WeChat’s revised Payments Policy Protocol mentioned that merchants on the platform would lose access to their accounts if they “either directly or indirectly” get involved with “any initial coin offering activities or operating virtual currency trading.”
Chinese Government Agency Wants Ban on Crypto Mining
Chinese Government Agency Wants Ban on Crypto Mining
09 April 2019, 08:55
The NDRC has labeled cryptocurrency mining as one of the few “undesirable” activities that doesn’t yield as much productivity as it contributes to environmental pollution in the country. Ban next?
China Releases Guidelines For Blockchain Companies
12 January 2019, 12:28
China will likely rescind its ban on cryptocurrencies sometime in the future and pursue the regulatory approach that has worked for countries such as Malta, Switzerland, and Belarus.
No STOs In Beijing
No STOs In Beijing
04 December 2018, 20:48
Security Token Offerings (STOs) may be booming anywhere else in the world right now, but not in Beijing where the chief Municipal Bureau of Finance, Huo Xuewen has issued a warning against the fundraising model. While speaking to an audience at a wealth management congress at the weekend, Xuewen explained that it was “illegal” to conduct an STO in Beijing.
G20 To Align Crypto Regulations With FATF
G20 To Align Crypto Regulations With FATF
03 December 2018, 16:25
At a just-concluded G20 Summit held in Buenos Aires, Argentina, the body announced as part of its written declaration that they “will regulate crypto-assets for anti-money laundering and countering the financing of terrorism in line with FATF standards and we will consider other responses as needed”.
Fake News: China Has Not Reversed Cryptocurrency Ban
Fake News: China Has Not Reversed Cryptocurrency Ban
11 November 2018, 23:37

Fake news has been going round in the past 24 hours after a crypto news publication site reported that the Chinese government reversed a crypto ban imposed in 2017. The fake news report has the title - China Lifts Bitcoin Ban; Individuals and Businesses Can Now Own Cryptocurrencies Legally.

PBoC is to tighten ICO's and Airdrop supervision in China
PBoC is to tighten ICO's and Airdrop supervision in China
05 November 2018, 21:06

The People’s Bank Of China has become aware of the increase in the number of airdrops and will make a move to reduce this trend according to its Financial Stability Report released on Friday. This will be part of recent efforts made by China’s premier bank to crack down on the sale of ICO tokens.