‘Crypto Dad’ Yao Qian Faces Investigation from Chinese Gov’t
Pro-blockchain official Yao Qian, also known as Crypto Dad, is reportedly under investigation by Chinese authorities for suspicions of legal violations. The Shanghai Securities News reported on April 26 that the Central Committee of the Communist Party of China is presently investigating Yao on suspicion of “serious violations” of law and discipline. The precise rationales […]
Fraud Victims Urge China to Liaise With UK Police For Seized Bitcoin
The victims of an investment fraud scheme are attempting to recover $4.3 billion in Bitcoin seized by the UK Police with the help of the Chinese government. According to reports, a delegation on behalf of the victims of the fraud wrote to the Chinese Ministry of Foreign Affairs, urging it to negotiate with the United […]
MEXC Exchange Imposes KYC Restrictions on Chinese Users
According to reports, the cryptocurrency exchange MEXC is taking action against users who are not confirmed and may be from China’s mainland. Chinese blockchain journalist Colin Wu claims that MEXC has started limiting mainland Chinese users’ accounts who still need to finish the KYC (Know Your Customer) verification process. Wu cites sources in the local […]
China to Revise Crypto AML Regulations By 2025
China is preparing to implement a significant revision to its Anti-Money Laundering (AML) regulations to encompass transactions involving cryptocurrencies by 2025. Local media report that on January 22, Prime Minister Li Qiang presided over an executive meeting of the State Council wherein the revised AML law was discussed. The first revised draft of the nation’s […]
Justin Sun Celebrates Spot Bitcoin ETFs, Predicts China’s Entry
Tron founder Justin Sun has praised the SEC’s approval of spot Bitcoin ETFs in the U.S. and predicted that China and other Asian markets will follow suit. Justin Sun, the founder of Tron, a blockchain platform that supports smart contracts and decentralized applications, has celebrated the SEC’s approval of spot Bitcoin ETFs with the crypto […]