China

shenzhen
Another Chinese City Is Backing a Big Blockchain Investment Fund
The city government of Shenzhen, China, is backing an $80 million blockchain investment fund, soon after Hangzhou city supported a similar effort.
shenzhen

Chinese policeman
Police Bust Alleged $13 Million Crypto Pyramid Scheme
Police in China have arrested the founders of a claimed cryptocurrency pyramid scheme that amassed $13 million from over 13,000 people.
Chinese policeman

shutterstock_515908756
Bitcoin Merchant Adoption Might Just Be Accelerating In Asia
Luxury brand Bellatorra Skin Care reports hot demand for crypto payments from both wholesale and retail customers as it expands into China and India.
shutterstock_515908756

cancelled
Police Abruptly Halt Chinese Blockchain Conference
A blockchain-themed conference in Shanghai was suspended by police on Thursday for so-far unclear reasons.
cancelled

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China Needs Better Regulation for Blockchain Growth, Experts Say
Industry experts spoke of the need for regulations and standards to boost blockchain growth at a Chinese event on Tuesday.
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electricity pylons
China's State Electricity Firm Eyes Blockchain for Internet of Energy
China State Grid Corporation, the country's state-owned power utility, is looking to blockchain to advance its plans for an "Internet of Energy."
electricity pylons

Hangzhou
$1 Billion Blockchain Fund Launches with Chinese Government Backing
China now has a new blockchain fund with $1.6 billion available – 30 percent of that backed by the Hangzhou city government.
Hangzhou

People's Bank of China, Beijing
China's Central Bank Eyes Crypto as Possible Yuan Risk
The People's Bank of China says cryptocurrencies will be a top priority for the agency this year, in an effort to protect the national currency.
People's Bank of China, Beijing

Chinese yuan image via Shutterstock
State Digital Currency Still On Agenda, Says China's Blockchain Lead
China is still in the process of developing a state digital currency, the chief of a government-funded blockchain research center has said.
Chinese yuan image via Shutterstock

red light
Blockchain Funding Center Scrapped Over China Regulation Concerns
A Chinese investment association has scrapped a previously reported plan to launch a funding center to boost blockchain development in the country.
red light