Hebei Chinese province plans to restrict Cryptocurrency mining
Hebei, a northern Chinese province, is the most recent jurisdiction to clamp down on cryptocurrency mining and trading in the country citing environmental conservation as a reason. The province’s cyberspace commission announced plans to restrict cryptocurrency mining and trading activities in the region on Tuesday, according to Reuters. The move coincides with China’s broader anti-crypto […]
VeChain reaches 10 million blocks milestone without downtime
With respect to uptime and processed blocks on the VeChain Thor mainnet, supply chain platform VeChain has accomplished a significant milestone, according to the company. The VeChain Foundation announced the achievement on its Twitter feed on Sept. 1, saying it was “a major milestone that is testament to our public blockchain’s scalability, security, and rock-solid […]
Chinese regulators holds meeting to promote blockchain in the securities industry
As part of China’s 14th five-year plan, officials gathered in Beijing to discuss ways to advance blockchain technology development. In Beijing, regulators from China , including the Securities Association of China (SAC) and the China Securities Regulatory Commission (CSRC), came together to explore how blockchain technology can be used in the securities business and how […]
China issues a public reminder that cryptocurrencies are not legal tender
A public reminder that Bitcoin (BTC) and other virtual currencies “are not legal tender and have no actual value” has apparently been issued by China, as part of a stepped-up crackdown on cryptocurrencies. Yin Youping, deputy head of the People’s Bank of China’s (PBOC) Financial Consumer Rights Protection Bureau, stated in a local media briefing […]
Crypto is not protected by law – China’s provincial high court
A high court in Shandong province has declined to protect a plaintiff’s claim of $10,000 that was lost to crypto scam, stating that crypto is not protected by the Chinese law hence the denial. The cryptocurrency community in China has been dealt yet another setback, with news of a new high court judgement in Shandong […]