China

China

Markets

Chinese Central Bank Official Calls for Commercial Bank Blockchain Adoption

A Chinese central bank official has called on commercial banks to adopt blockchain technology in digital finance.

china, yuan

Markets

Sichuan Should Work to Remain Attractive to Crypto Mining: Policy Advisor

A former regulator in China has argued that Sichuan – a bitcoin mining hub – should study how to remain attractive to crypto-related business.

Balaci’s testimony indicates that BitClub never ran the lucrative bitcoin mining pools it lured victim investors with. (Shutterstock)

Markets

China Seizes the Blockchain Opportunity. How Should the US Respond?

Mike J Casey unwraps the recent comments from Chinese leader Xi Jinping's recent remarks related to blockchain.

China_Door_2

Markets

China's Congress Passes Cryptography Law, Effective Jan. 1, 2020

While China still bans cryptocurrency trading, cryptography could be key to the country’s national push to be more competitive in the blockchain industry.

china flag

Markets

President Xi Says China Should 'Seize Opportunity' to Adopt Blockchain

In his first major comments on blockchain, Chinese President Xi Jinping said the country should implement the technology across the economy.

xi jinping

Markets

Facebook's Marcus Says China Wins With Digital Renminbi if US Nixes Libra

David Marcus, who leads the Libra project, said China will create a digital currency system that could be entirely out of reach for U.S. authorities.

Facebook's David Marcus at a Senate banking hearing in July, 2019

Tech

Polychain and a Chinese Bank Are Betting Millions on This Token Sale

Investing in a token offering for the Nervos Network could help China Merchants Bank International tap into the DeFi ecosystem.

The Nervos team

Markets

PBoC Denies Claims It Will Launch Digital Currency in November

China's central bank has played down reports that it will issue its digital yuan in November through major banks and companies.

Credit: Shutterstock

Markets

MicroBT Expects $400 Million in Q3 as Bitcoin Miner Sales Surge

The maker of WhatsMiner bitcoin miners says it expects to have delivered 200,000 devices by the end of the quarter.

MicroBT founder Yang Zuoxing speaking at an event hosted by Poolin in September 2019.

Markets

Binance Makes Strategic Investment in Chinese Crypto Media Firm

Cryptocurrency exchange Binance has made an undisclosed investment in Chinese media and data source Mars Finance.

Binance CEO Changpeng Zhao