China
Chainalysis Exec: ‘Unlikely’ That Russia Is Evading Sanctions Through Crypto
As U.S. lawmakers push the Treasury Dept. to ensure Russia is not evading sanctions with crypto, Salman Banei, Chainalysis head of public policy for North America, responds to the concern, emphasizing the transparency of open blockchain networks. Banei explains how Chainalysis tackles mixers and other DeFi protocols in its cross-chain monitoring.
Russian Accounts Frozen in South Korea; China’s ‘Two Sessions’ Agenda
Crypto donations continue to flood in for Ukraine. South Korea’s Gopax freezes Russian accounts. Could Ukraine be on the agenda at China’s “Two Sessions”? Demand for blockchain education soars in India. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
First Mover Asia: China’s Potential SWIFT Competitor CIPS Won't Help Russia Much; Bitcoin, Ether Rise Again
The Chinese system has just 75 members and processes only a fraction of the transactions that SWIFT handles.
Former CFTC Chair Giancarlo on Russian Sanctions, CBDCs and Dollar Hegemony
If the U.S. doesn’t move on a digital dollar, it can lose its technological and financial edge, “Crypto Dad” told CoinDesk TV.
China’s Supreme Court Targets Illegal Fundraising Via Crypto Transactions
The ruling paves the way for violators to be criminally prosecuted, with a punishment of up to 10 years in prison and fines of up to $79,000.
Russian Attack Hits Crypto: MUFG to Close Blockchain Venture
Crypto market drops after Putin announces military operation in Ukraine. Japan’s biggest financial group to shutter blockchain payment venture. Chinese authority makes clarification over crypto mining ban. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
First Mover Asia: China CBDC Is No Government Version of Bitcoin; Terra's Luna, Other Altcoins Jump
The eCNY and other CBDCs are digital versions of cash issued by a central bank, unlike bitcoin which has no single issuing authority; bitcoin surpassed $39,000 on Tuesday before dropping into the red.
Crypto Losses Not Protected in China; India’s Bitcoin Premium
Chinese court reiterates stance that the law cannot cover crypto losses. Chinese tech giant Alibaba offers NFTs as blockchain game rewards. Indian investors hungry for bitcoin despite premium. These stories and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
China's Zhejiang Province Implements Punitive Electricity Prices for Crypto Mining
Authorities are still working to eliminate the industry months after it was banned.
Crypto Exchange Huobi to Re-Enter US After Exiting China
Huobi is a top-six crypto exchange according to CoinMarketCap. After dismantling its operations in China due to intensified regulation, the Chinese crypto exchange Huobi plans to re-enter the United States market with a new focus on asset management.
