China | ForkLog

ForkLog 8 14.09.2021

Hebei authorities launch crackdown on illegal cryptocurrency mining

The Hebei provincial administration in China has adopted a package of special measures to combat illegal cryptocurrency mining, according to local media.

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ForkLog 20 11.09.2021

State media in China warn of NFT sector bubble

Publications controlled by the ruling Communist Party of China, Securities Times and People’s Daily warned citizens against buying non-fungible tokens (NFTs) due to a potential bubble in the sector.

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ForkLog 13 01.09.2021

BSN names first overseas portal operator

The company behind China's state Blockchain Service Network (BSN), Red Date Technology, announced the first portal operator outside the country. It was the South Korean startup MetaverseSociety.

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ForkLog 9 01.09.2021

State-owned Chinese banks test the digital yuan for purchases of financial products

State-owned Chinese banks Bank of Communications and China Construction Bank, in cooperation with asset managers and insurers, will test the possibility of using the digital yuan when purchasing financial products.

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ForkLog 12 30.08.2021

China sets out rules for tech firms’ use of recommendation algorithms

The Cyberspace Administration of China (CAC) unveiled a 30-point draft of rules on the use of algorithms by tech companies, Bloomberg reports.

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ForkLog 15 30.08.2021

China plans global mobile-payments network based on digital yuan

China plans to create an international clearing and settlement network for mobile payments using the digital yuan. CoinDesk reports, citing Renmin Ribao.

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ForkLog 23 27.08.2021

Chinese hosting firm ordered to return Genesis Mining equipment worth $200 million

The Supreme People’s Court of China ordered hosting provider Chuangshiji Technology Limited to return to Genesis Mining 485,681 GPUs, a dispute dating back to 2018.

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ForkLog 9 27.08.2021

China’s central bank warns investors that Bitcoin has no real value

Bitcoin and other cryptocurrencies are not legal tender in the People’s Republic of China and do not have real value, said Yin Yupin, deputy head of the department safeguarding the rights and interests of consumers of financial services at the People’s Bank of China.

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ForkLog 16 27.08.2021

Digital yuan vs Alipay and WeChat: peaceful coexistence or a fight for survival

In a few months, during the Winter Olympics in China, the digital yuan – e-CNY – could be launched. In this context, experts and market participants ask a natural question: how will this affect the current leaders in mobile payments in China—Alipay and WeChat? In the People’s Bank of China’s drive to offer a currency that requires no intermediaries, a direct threat to these firms appears.

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ForkLog 9 23.08.2021

China tests digital yuan in settlements for commodity futures trades

Participants on the commodity exchange in Dalian (DCE) have for the first time used the digital yuan to pay the commission for delivering goods under a futures contract, according to the China Securities Journal.

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ForkLog 9 23.08.2021

Chinese court rules that cryptocurrency is not protected by law

Investing in or trading cryptocurrencies is not protected by Chinese law, the High Court of Shandong Province said in public comments on its ruling. The South China Morning Post reports.

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ForkLog 9 23.08.2021

Media report on mining ban in China’s Yunnan province

Authorities of Yingjiang County, Yunnan Province (China), have demanded hydroelectric stations stop illegally supplying power to mining farms, according to journalist Colin Wu.

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