Tag: china crypto crackdown

Oct 04 2021

Is This Chinese Firm Defying Crypto Ban With its Latest Bitcoin Mining Partnership?

Sino-Global Shipping America, Ltd. has announced that it will be entering a Bitcoin mining machine joint-venture with Highsharp, a blockchain technology firm. Furthermore, Sino-Global has also revealed that it will make a $10 million initial investment to fund the BTC mining rigs’ Joint Venture operations, in the upcoming month. The partnership aims to create their The post Is This Chinese Firm Defying Crypto...

Sep 27 2021

China Crypto Crackdown: Inner Mongolia authorities seize over 10K crypto mining rigs

Sep 27 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

The latest reports from the Inner Mongolia Autonomous Region Bayannaoer City Development and Reform Commission along with other authorities revealed that they have captured 10,100 unregistered mining machines. Furthermore, the authorities announced that Inner Mongolia has also shut down 45 virtual currency mining projects so far, which has theoretically saved 6.58 billion kilowatt-hours of electricity The post China Crypto Crackdown: Inner Mongolia authorities...

China Crypto Crackdown: Exchanges that gave in to the Regulators

Sep 27 2021 Published at Coingape under tags  binance btcbrl btcbusd btcdai btceur

Amid the expanding Chinese Crypto crackdown, many exchanges have waved the white flag to the regulators. While the authoritarian government stands a strong ground against the decentralized sphere, the crypto platfroms suffer another blow with every new anti-crypto law. Two of the world’s largest cryptocurrency exchanges, Huobi and Binance have given up the fight for The post China Crypto Crackdown: Exchanges that gave...

Sep 24 2021

China Crypto Ban: Here’s Five Critical Things You Should Know

Sep 24 2021 Published at Coingape under tags  altcoin news bitcoin news btcbrl btcbusd btcdai

People's Bank of China (PBOC) issued fresh guidelines to eliminate all forms of crypto use in mainland China. The Chinese Central Bank deemed all crypto- related transactions illegal and ordered authorities to take strict action against existing crypto mining farms in the country. It also prohibited any foreign crypto exchanges from offering services in the country. The post China Crypto Ban: Here's Five Critical...

China Central Bank Issues Detailed Crypto Crackdown Guidelines, Crypto Market Turns Red

Sep 24 2021 Published at Coingape under tags  bitcoin news btcbrl btcbusd btcdai btceur

People's Bank of China (PBoC) issued a fresh set of detailed crypto crackdown guidelines today even when many were assured that we are past China crypto ban FUD. The new set of guidelines seems to be quite comprehensive and prohibits every aspect associated with cryptocurrencies. The Chinese central bank deemed crypto illegal and claimed it The post China Central Bank Issues Detailed Crypto...

Sep 16 2021

China Crypto Crackdown: Chenggu County shuts down unregistered crypto training center

Sep 16 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

Chinese Crypto Crackdown is now extended into rural China with the latest shut down of Chenggu County’s "National Blockchain Application Operation Vocational Qualification Training Center", an illegally operating cryptocurrency training center. Cryptocurrency investment began to spread in rural China, and a cryptocurrency training center was closed in Chenggu County, Shaanxi Province, China. https://t.co/lYRYYzW9R9 -- Wu The post China Crypto Crackdown: Chenggu County shuts...

Sep 14 2021

China Crypto Crackdown: Hebei Province claims crypto is threat to national security

Sep 14 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

China’s Hebei Province has joined the trail of the locally spreading crypto crackdown in the authoritarian state. Hebei Province’s authorities have announced that they will begin investigation and crackdown of cryptocurrency mining and trading from October. The declaration was made through an article that identified virtual currencies as a national threat in lieu of their The post China Crypto Crackdown: Hebei Province claims...

Sep 10 2021

Chinese District to conduct Bitcoin (BTC) mining inspection and lay down additional Crypto Laws

Sep 10 2021 Published at Coingape under tags  bitcoin news btcbrl btcbusd btcdai btceur

The State Power Company of China, Lanzhou, Gansu announced on its website, that the district will be organizing a task force to conduct inspections on Bitcoin, along with other cryptocurrency mining companies. This has come instead of the District’s efforts at implementing energy consumption control measures during their "14th Five-Year Plan". Crypto mining businesses to The post Chinese District to conduct Bitcoin (BTC)...

Sep 09 2021

Sep 06 2021

Chinese Crypto Crackdown: Shanghai Municipal Office Bans Crypto App

Sep 06 2021 Published at Coingape under tags  block eye btcbrl btcbusd btcdai btceur

The latest development in China’s Crypto Crackdown saw the Chinese international communication office delist Block Eye, the popular Chinese Crypto App. The Shanghai Municipal Administration of Communications announced that all app stores must remove "Block Eye", after a notice from the People's Bank of China (PBoC). The rectification of virtual currencies continues in China. The The post Chinese Crypto Crackdown: Shanghai Municipal Office...

Sep 03 2021

Aug 27 2021

Chinese Central Bank reinstates Bitcoin’s illegal status in the country

Aug 27 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

The People’s Bank of China once again asserted its crypto crackdown stance at a recent media briefing. The Central Bank stated that virtual currencies like Bitcoin can't compete with legal tender in the nation. The bank officials argued that cryptocurrencies are not backed by any real value. The central bank highlighted that virtual currency transactions The post Chinese Central Bank reinstates Bitcoin's illegal...

Aug 17 2021

China’s Central Bank Shuts Down 11 companies Suspected of Crypto Trading

Aug 17 2021 Published at Coingape under tags  adabch adabnb adabtc adabusd adaeth

Shenzhen Center Branch of People's Bank of China, the Chinese Central Bank has announced the closure of 11 companies suspected of being involved in virtual currency trading. The Shenzhen province of the central bank issued a notification for the rectification and clean-up of the 11 companies involved. The Shenzhen branch of the Central Bank of The post China's Central Bank Shuts Down 11...

Jul 31 2021

Jul 07 2021

What Happens If You Try to Acess Crypto Exchanges in China Post Ban?

Jul 07 2021 Published at Coingape under tags  btcbrl btcbusd btcdai btceur btcgbp

China's crypto crackdown is only getting stronger with each passing day. It started with a warning for citizens to avoid crypto transactions that forced many exchanges to stop offering their services to Chinese origin customers. This was followed by a countrywide ban on crypto mining forcing several large Bitcoin mining farms to shut their operations The post What Happens If You Try to...

May 31 2021

Chinese Crypto Exchanges Suspended Contract Trading, Traders Flock to OTC Desks

China's recent crackdown on crypto miners and traders has forced local crypto firms to withdraw their operations partially. In the latest development, Chinese journalist Wu Blockchain...

May 24 2021

China Crackdown: Chinese Crypto Miners Halt Business In Home Country and Plan to Move Overseas

China's recent decision to ban crypto mining and trading operations within the country has had a widespread impact on the crypto markets. The crypto market...

Know a good blog/source that is not listed? Contact us or fill the form below to add one: