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Home » China

China escalates crypto crackdown with new anti-money laundering regulations

August 23, 2024 By Crypto Reporter

China has intensified its regulatory scrutiny of cryptocurrency activities by formally classifying crypto transactions as a form of money laundering under updated anti-money laundering (AML) laws. This development marks a significant escalation in the country’s ongoing crackdown on digital assets, further tightening the noose around what Beijing views as a major financial risk. … [Read more...] about China escalates crypto crackdown with new anti-money laundering regulations

China sets its sights on the metaverse with ambitious three-year action plan

September 27, 2023 By Crypto Reporter

Marking a strategic leap into the next frontier of technology and economy, China has unveiled a comprehensive three-year action plan aimed at propelling its development in the rapidly evolving metaverse sector. … [Read more...] about China sets its sights on the metaverse with ambitious three-year action plan

Hong Kong to issue crypto exchange licenses and allow retail investors to trade coins

February 27, 2023 By Crypto Reporter

Crypto companies are making a comeback before the new regulation kicks in … [Read more...] about Hong Kong to issue crypto exchange licenses and allow retail investors to trade coins

Foreign visitors to China will be able to use the digital yuan without a local bank account

July 26, 2021 By Crypto Reporter

The Central Bank of China has published a whitepaper detailing the national digital currency and its technical data … [Read more...] about Foreign visitors to China will be able to use the digital yuan without a local bank account

China’s region tries to ban crypto mining farms

March 5, 2021 By Crypto Reporter

China’s Inner Mongolia region studies the initiative to limit high energy consumption activities, including crypto mining … [Read more...] about China’s region tries to ban crypto mining farms

China’s JD.com joins digital yuan testing

December 10, 2020 By Crypto Reporter

JD.com Inc. will become the first online retailer to add support for government-backed digital currency … [Read more...] about China’s JD.com joins digital yuan testing

China to launch the second digital yuan testing in Beijing

November 17, 2020 By Crypto Reporter

Chinese authorities expect the upcoming pilot project to become the biggest for new cryptocurrency and will resemble the earlier testing in Shenzhen … [Read more...] about China to launch the second digital yuan testing in Beijing

China could introduce a hardware wallet along its digital yuan

September 2, 2020 By Crypto Reporter

One of the country’s big-four state-owned commercial banks may provide an offline option for storing national cryptocurrency … [Read more...] about China could introduce a hardware wallet along its digital yuan

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