China | ForkLog

ForkLog 26 17.01.2021

Report: Over $17.5 billion moved out of China via cryptocurrencies in 2020

Unregulated capital outflow from China via cryptocurrencies in 2020 reached $17.5 billion, according to 8btc citing a PeckShield report.

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ForkLog 7 12.01.2021

Bit Digital, which pivoted to mining, accused of deceiving investors

Nasdaq-listed mining company Bit Digital is suspected of violating securities laws and may have misled investors about its activities. This was reported by American law firm Hagens Berman.

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ForkLog 10 11.01.2021

Chinese online lottery provider 500.com to buy Bitcoin miners for $14.4 million

The NYSE-listed online lottery services provider in China, 500.com Limited, has signed an agreement to purchase Bitcoin mining equipment. The deal is worth $14.4 million, according to a release.

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ForkLog 7 11.01.2021

China tests digital yuan at Shenzhen ATMs

The Agricultural Bank of China tested the digital yuan (DCEP) at its ATMs in Shenzhen. Customers exchanged cash and bank deposits for the digital yuan, and vice versa, local media reported.

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ForkLog 20 04.01.2021

Shenzhen to run another mass test of the digital yuan

Authorities in Shenzhen will distribute via lottery 100,000 ‘red envelopes’ containing 200 digital yuan (DCEP) each. The total amount will be around $3 million, according to The Block, citing local sources.

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ForkLog 9 04.01.2021

Regulation at Scale: What Changed for Bitcoin and Cryptocurrencies in 2020

In 2020, many countries advanced regulation of the cryptocurrency industry. The COVID-19 pandemic provided a powerful catalyst, as Bitcoin gained traction among institutional investors seeking regulatory clarity.

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ForkLog 9 14.12.2020

Former head of China’s central bank: the digital yuan does not threaten global currencies

China's national digital currency will support Beijing's efforts to promote the yuan as an international currency, but it is not intended to replace globally recognised fiat money—the dollar and the euro. This was stated by former central bank governor Zhou Xiaochuan, according to the South China Morning Post.

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ForkLog 13 14.12.2020

China state media flag weaker outlook for gold as Bitcoin hits new records

China's CCTV touched on the topic of capital outflows from gold ETFs amid news about the development of COVID-19 vaccines. The segment cited JPMorgan's report on a shift in institutional investors' preferences toward Bitcoin.

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ForkLog 7 14.12.2020

Digital yuan payments top 20,000 JD.com purchases in 24 hours

Nearly 20,000 DCEP transactions were made by users on JD.com in the first 24 hours after the experiment began in Suzhou, according to Global Times.

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ForkLog 7 12.12.2020

Six Banks to Provide Wallets for Digital Yuan Tests in Suzhou

Six of China's largest commercial banks will provide wallets for testing the digital yuan (DCEP) during the 'red envelope' lottery in Suzhou, CLS reports.

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ForkLog 8 07.12.2020

China to test digital yuan payments by tapping smartphones

Suzhou residents will test the 'tap' function on smartphones during the upcoming DCEP trials, Nikkei Asia reports.

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ForkLog 12 07.12.2020

People’s Bank of China and Hong Kong to deploy the digital yuan in cross-border payments

The Hong Kong Monetary Authority (HKMA) is discussing testing the digital yuan with the People's Bank of China. The asset is planned for use in cross-border payments, CoinDesk reports.

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