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
Hong Kong to issue crypto exchange licenses and allow retail investors to trade coins
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
Chinese president calls for acceleration of development of blockchain technology
China’s President Xi Jinping said the country needs to “seize the opportunity” afforded by blockchain technology and aim at taking "the leading position in the emerging field of blockchain." … [Read more...] about Chinese president calls for acceleration of development of blockchain technology
China’s central bank could launch cryptocurrency in several months
The state-backed cryptocurrency is all but ready to launch, with network capacity at 300,000 transactions per second … [Read more...] about China’s central bank could launch cryptocurrency in several months
Crypto news in brief (April 9, 2019): Bitfinex, China, mining, Coinbase, Western Union
- Bitfinex removed minimum equity requirement of $10,000 to trade on its platform - China may prohibit crypto mining - Coinbase has added support for EOS, REP and MKR - Western Union has partnered with blockchain startup Coins.ph … [Read more...] about Crypto news in brief (April 9, 2019): Bitfinex, China, mining, Coinbase, Western Union
Crypto news in brief (August 29): China, Triple-1, SEC, Associated Press, Civil, Coinbase, blockchain courses
- Chinese regulators issued a warning for investors on illegal fundraising and trading connected with blockchain and cryptocurrency - Japanese company Triple-1 is developing 7nm bitcoin mining chips, known as “Kamikaze” - After turning down applications to list nine bitcoin-ETFs SEC promised to reconsider its decision in the future - The Associated Press (AP) news agency and … [Read more...] about Crypto news in brief (August 29): China, Triple-1, SEC, Associated Press, Civil, Coinbase, blockchain courses
Alibaba to monitor crypto transactions as China tightens grip
Alibaba’s payment service will work closely with local financial regulators to thwart illegal exchange of digital money. … [Read more...] about Alibaba to monitor crypto transactions as China tightens grip
Crypto news in brief (March 12, 2018): Binance, SEC, China, South Korea, MoneroV
Binance adds new coin for trading. SEC tightens rules for local crypto exchanges. Hackers try to breach Binance. The Netherlands finance minister proposes international cryptocurrency control. China develops national cryptocurrency. Monero hard fork is delayed until end of April. South Korea considers lifting ICO ban … [Read more...] about Crypto news in brief (March 12, 2018): Binance, SEC, China, South Korea, MoneroV