China | ForkLog

ForkLog 15 26.11.2021

PBOC proposes system to track cryptocurrency transactions

The director of the PBOC’s Center for Monitoring and Analysis of Anti-Money Laundering, Gou Wenjun, proposed creating a system to track cryptocurrency transactions as part of tighter regulation, local media report.

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ForkLog 19 25.11.2021

US blacklists Chinese quantum computing developers

The U.S. Department of Commerce has imposed sanctions on about a dozen Chinese technology manufacturers in quantum computing and artificial intelligence, prohibiting American companies from cooperating with them.

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ForkLog 19 22.11.2021

Russia receives applications to host 1.8 million miners after China bans bitcoin mining

Over the past few months, 14 of the largest mining companies have shipped more than 2 million units of equipment out of China. The main recipients were Russia, Kazakhstan, the United States and Canada.

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ForkLog 9 19.11.2021

Chinese authorities warn of rising fraud linked to the digital yuan

Authorities in the Xiongan district warned residents about rising cases of fraud involving the digital yuan (e-CNY). Criminals impersonate government officials to gain access to victims' funds.

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ForkLog 9 15.11.2021

Chinese official dismissed for collaborating with cryptocurrency miners

A senior official in Jiangxi province has been removed from his post and expelled from the Communist Party for collaborating with cryptocurrency miners.

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ForkLog 12 12.11.2021

Media: Chinese investors used cryptocurrency to buy real estate in Japan

Tokyo's tax office found that Chinese investors purchased real estate in Japan worth ¥27 billion ($237 million) using cryptocurrency to evade restrictions. The Asahi Shimbun reports, citing sources.

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ForkLog 7 11.11.2021

Bitcoin retreats from record as Evergrande default fears mount

On November 10, after reaching an all-time high near $69,000, Bitcoin fell almost 9%, slipping below $63,000. CoinDesk linked this to rumours of a potential default by one of China's biggest developers, Evergrande.

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ForkLog 21 08.11.2021

China unveils device to exchange currencies for the digital yuan

The Bank of China financial group demonstrated a device that converts foreign currencies into the digital yuan (e-CNY). CoinDesk reports, citing local media.

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ForkLog 8 06.11.2021

Media: 31 Filecoin miners arrested in China and $62.5 million seized

Chinese law enforcement officers in the Fuzhou district of Fujian province arrested 31 employees of IPFS Union, a company linked to Filecoin mining.

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ForkLog 8 03.11.2021

Digital yuan transaction volume tops $9.5 billion

As of October, about 140 million people opened wallets for the digital yuan and used it for transactions totaling about 62 billion CNY (~$9.7 billion), Reuters reports.

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ForkLog 11 01.11.2021

Ant Group, Tencent and JD.com sign NFT self-regulation pact

Chinese tech giants Ant Group, Tencent and JD.com have signed a self-regulation convention on non-fungible tokens (NFTs) with several government agencies, according to EqualOcean.

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ForkLog 25 29.10.2021

Huobi suspends crypto-derivative trading in mainland China

The bitcoin exchange Huobi has finally curtailed trading of futures and other crypto-derivatives in mainland China. The move forms part of a broader plan by the company to scale back its operations in the country.

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