Tag: china
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Vietnamese, Filipino, Indian, and Chinese Chainalysis Global Index Identifies Top Countries for Crypto Adoption
Chainalysis, a company that analyzes blockchain data, has released its 2022 cryptocurrency adoption index. The nations with the highest adoption of cryptocurrencies include Vietnam, the Philippines, India, and China. Even though global adoption slows overall in downturns, it “remains above pre-bull market levels,” the company said. Chainalysis’ Latest Cryptocurrency Adoption Index On Wednesday, Chainalysis released…
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The Shanghai High Court has declared Bitcoin to be a virtual asset with economic value that is protected by Chinese law.
Bitcoin has been declared a virtual asset protected by Chinese law by the Shanghai High People’s Court. The cryptocurrency has economic value, according to the court. The Shanghai High People’s Court has declared that bitcoin qualifies as a virtual asset protected by Chinese law despite the ban on cryptocurrency trading in China, Sina reported Friday.…
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Blockchain and Smart Cities: On the Way to the Second Capital of China
On Oct. 14, Peng Yijie, a powerful Chinese businessman, visited Chen Gang, the Communist Party Secretary of Xiong’an New Area and Vice Governor of Hebei Province. Peng reported the potential of Blockchain technology to Secretary Chen, trying to persuade him to cooperate on promoting Blockchain innovation in Xiong’an New Area. Smart city During the meeting, Peng said that…
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Signs Appear Suggesting Chinese Government May Have Entered Cryptocurrency Market
After Chinese government’s ban of ICOs last month, there are continuous rumors saying that Chinese government is preparing to enter the cryptocurrency market. However, no official announcement has been made to verify the rumor. Before Oct. 10 Beijing time, there was no substantial evidence backing up these rumors. Nevertheless, a few hints might show that Chinese government is entering, or…
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Mastercard CEO Attacks Bitcoin, Finds Solace in Government-Backed Cryptos
Ajay Banga, CEO of Mastercard, has leveled a scathing attack on any and all cryptocurrencies that are not government mandated, calling them “junk”. Digital currencies are almost direct competition for a company like Mastercard, and when asked his opinion on the futuristic technology, Banga was not complimentary of how things stand at the moment. Big disruptor…
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China Hints at Licensed Bitcoin Exchanges with ‘Zero Tolerance’ on Cryptocurrency Crime
China’s official press agency issued a statement condemning virtual currency as a tool used by the criminal underworld to evade government prosecution. The agency stated that regulators must take a hardline stance against cryptocurrency usage to prevent crime, although some of the regulations it proposed seemed to hint at potential future licensure for bitcoin exchanges.…
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First Ever Bitcoin Documentary in China Released at Shape the Future Summit
China is a Bitcoin powerhouse. An Article by Willie Tan in Cointelegraph recently concluded that 70 percent of Bitcoin mining is located in China. The Chinese have taken to Bitcoin like fish to water and there is no reason why they shouldn’t. China and Bitcoin are like a match made in heaven. Cheap computer hardware, ample…
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What’s Really Behind China’s Crypto Ban?
China’s cryptocurrency ban could be a temporary move to appease international agencies and certain communist party members ahead of the upcoming Communist Party convention, according to Panos Mourdoukoutas, an economics author and professor at LIU Post in New York, writing in Forbes. Mourdoukoutas observed that China’s government and major banks are threatened by bitcoin’s existence. The banking…
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Bitcoin Exchange BTCC Stops Deposits Ahead of Trading Shutdown in China
BTCC has stopped accepting yuan and cryptocurrency deposits today as it prepares to shutter its operations in China this month. Chinese cryptocurrency giant BTCC, the operator of the oldest cryptocurrency exchange in what was previously the largest trading market in the world, has stopped accepting deposits today at 12:00 noon, Beijing time. The exchange first…
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While China Bans Bitcoin Exchanges, Japanese Government Embraces Them
Beginning October, Japanese Bitcoin and cryptocurrency exchanges will be fully surveilled and investigated by local authorities as a part of a larger initiative to create a more regulated and robust Japanese Bitcoin exchange market. Earlier this month, the Chinese government enforced a nationwide ban on Bitcoin and cryptocurrency exchanges, forcing large-scale cryptocurrency trading platforms including BTCC, OKCoin…