China

Crowds walk below neon signs on Nanjing Road, Shanghai, China. (Getty Images)
China Never Completely Banned Crypto
Despite government crackdowns and widespread reports that crypto is outlawed in China, crypto trade is still very much alive. How is that possible?
Crowds walk below neon signs on Nanjing Road, Shanghai, China. (Getty Images)

16:9 Crop: Shanghai, China (Li Yang / Unsplash)
Bitcoin Unphased by China's Stimulus Plan
Hong Kong's Hang Seng Index and the CSI 300 both responded to Beijing's plan to reboot China's domestic stock market, but bitcoin remains in the red.
16:9 Crop: Shanghai, China (Li Yang / Unsplash)

Laundromat (Skitterphoto/Pixabay)
China's Illegal Crypto Activities Are Taking Place in Laundromats and Cafes: WSJ
Physical trading is most popular in China's inland, as places further from the coast are generally poorer so local governments are preoccupied with other matters, WSJ reported...
Laundromat (Skitterphoto/Pixabay)

16:9 Crop: Shanghai, China (Li Yang / Unsplash)
China Vows to Clarify Web3, NFT Development Path
Moving forward, China’s Web3 strategy would encourage the development of new business models such as NFT and accelerate the innovative application of Web3, the Ministry of Sci...
16:9 Crop: Shanghai, China (Li Yang / Unsplash)

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China to Verify Citizens' Identities With New Blockchain-Based Platform
The announcement follows a government rule change to require social media influencers to display their real names.
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Standard Chartered (Shutterstock)
Standard Chartered China Offering Exchange Services for Digital Yuan
The bank will give customers access to the digital RBM's interconnection platform, offering recharge and redemption.
Standard Chartered (Shutterstock)

US Capital building (Matt Anderson/Getty Images)
U.S. Bill Proposes Outlawing Government Use of China-Made Blockchains and Tether's USDT
Government officials would no longer be able to use networks developed by China that power crypto transactions, according to a new bipartisan bill.
US Capital building (Matt Anderson/Getty Images)

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Crypto at the Center of $300M Fraud Case in China
21 people were sentenced in a case involving converting 'dirty' USDT to RMB.
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Perianne Boring, CEO of the Chamber of Digital Commerce, led a group of crypto miners to meetings with members of the U.S. House of Representatives this week. (Scott Moore/Shutterstock/CoinDesk)
Crypto Miners Lobby U.S. Lawmakers to Counter Environmental 'Misunderstanding'
Dozens of mining firms came to Washington to steer the policy narrative away from negative environmental claims and make a case for mining as an economic and security boon.
Perianne Boring, CEO of the Chamber of Digital Commerce, led a group of crypto miners to meetings with members of the U.S. House of Representatives this week. (Scott Moore/Shutterstock/CoinDesk)

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PetroChina Completes First International Crude Oil Trade in Digital Yuan: Report
PetroChina bought 1 million barrels of crude oil settled in e-CNY at the Shanghai Petroleum and Natural Gas Exchange
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