China news on bitcoin
Here are some recent news articles and updates on Bitcoin from China:
Regulatory Updates
- In September 2021, China's central bank, the People's Bank of China (PBOC), announced that it would be launching a digital currency, the Digital Currency Electronic Payment (DCEP), also known as the Digital Yuan. The DCEP is expected to be used for domestic transactions and could potentially replace cash.
- In October 2021, the PBOC issued a notice to banks and payment companies, warning them to stop providing services to cryptocurrency exchanges and other businesses involved in the trading of digital currencies.
- In November 2021, the Chinese government announced that it would be launching a new regulatory framework for digital currencies, which would include stricter rules for cryptocurrency exchanges and other businesses involved in the trading of digital currencies.
Exchange Shutdowns
- In May 2021, the Chinese government shut down several major cryptocurrency exchanges, including Huobi, OKEx, and Binance, citing concerns over money laundering and terrorist financing.
- In June 2021, the Chinese government shut down several more cryptocurrency exchanges, including Bitfinex and Kraken, citing similar concerns.
Mining Crackdown
- In June 2021, the Chinese government announced that it would be cracking down on cryptocurrency mining, citing concerns over energy consumption and environmental impact.
- In July 2021, several major cryptocurrency mining companies, including Bitmain and Canaan, announced that they would be shutting down their operations in China due to the crackdown.
Investment and Adoption
- In September 2021, the Chinese e-commerce giant, JD.com, announced that it would be launching a cryptocurrency trading platform, which would allow customers to buy and sell digital currencies.
- In October 2021, the Chinese tech giant, Tencent, announced that it would be investing in a cryptocurrency trading platform, which would allow users to buy and sell digital currencies.
Other News
- In November 2021, the Chinese government announced that it would be launching a new blockchain-based platform, which would be used to track and verify the authenticity of goods and services.
- In December 2021, the Chinese government announced that it would be launching a new cryptocurrency, the "China Coin", which would be used for international transactions.
It's worth noting that the Chinese government's stance on cryptocurrency has been evolving over the past few years, and while there have been some restrictions and crackdowns, there are still many Chinese companies and individuals involved in the cryptocurrency space.