Prosecutors in China have charged four suspects said to be involved with operating an alleged $2 billion cryptocurrency pyramid scheme. According to a news release issued by the Supreme People’s Procuratorate issued Wednesday, a local prosecutor’s office in Hunan province has charged the four individuals as part of a wider crackdown…
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China’s government is well known as a crypto hater, and its banishments and pronouncements are the stuff of wild market swings. That doesn’t mean, however, they’re not keeping close eye on decentralized currencies. In fact, according to recent press releases, Chinese authorities are set to publish regular monthly analysis of…
Almost half of the 26 listed banks in China say they have implemented blocking technologies in 2017, according to the reports. The Chinese industry publication CEBNet reported that 12 out of 26 public banks in China, according to published annual reports, implemented blocking technology in their work last year. These…
China’s government auditor thinks blockchain can “open up a window” to a more streamlined data storage. In an article published Tuesday on its website, the National Audit Office of the People’s Republic of China discussed using blockchain to alleviate the bottleneck caused by its current data storage infrastructure. At present, the…
China is still at the stage of developing the state digital currency, the head of the state research center of China told reporters. According to Zhang Yifeng, head of China Banknote Blockchain Research Center, China is still working on the creation of a national digital currency, but the timing of…
China’s central bank has said cryptocurrencies will be one of its top priorities this year, in an effort to protect the national currency. According to an announcement Thursday, People’s Bank of China (PBoC) has outlined its agenda for the coming year during a conference call focused on monetary development. While…
The head of the Chinese Central bank, Gan said that the cryptocurrency is money that has no borders. According to the official, the cryptocurrency is adrenaline for crypto investors. Digital assets are of great interest to Chinese society, as it gives full freedom to enter the financial market. Also,…
The Cabinet of Thailand, the executive branch of the country’s government, has provisionally passed two royal decree drafts aimed at regulating cryptocurrencies, a report states. The drafts – covering both cryptocurrency and initial coin offering transactions, as well as a possible tax on crypto capital gains – first received agreement from…
Following its groundbreaking entry into the Chinese crypto exchange, leading tech giant, Alphacat, has opened up its business to the global market, offering its one-of-a-kind and first ever AI-driven robot adviser marketplace to the digital currency business space. Speaking about the global launch, the founder of the company, Dr. Bin…
While it does not recognize bitcoin as a payment tool, China recognizes that digital currency is inevitable and is in no hurry to regulate cryptocurrencies, according to Zhou Xiaochuan, governor of the country’s central bank, the People’s Bank of China (PBC). The central bank official gave his views on digital…