Search Results for: Jinping

November 29, 2019 @ 2:00 pm By Cali Haan  |  

China is cracking down on its “massive” cryptocurrency sector, Japan Times reports, and this time it seems pretty real. Bitcoin was officially banned in China in late 2016 when, according to Morgan Stanley, Chinese yuan was being used in more than 95% of Bitcoin trades…. Read More

November 26, 2019 @ 1:00 am By Cali Haan  |  

In mid-November, the People’s Bank of China (PBOC) and the Shanghai Municipal Financial Regulatory Bureau ordered securities regulators in Shanghai to identify and inspect cryptocurrency exchanges, token issuers, and distributors of foreign ICO’s in the city so they could be shut down. Now, the Shenzhen… Read More

November 16, 2019 @ 1:59 pm By Cali Haan  |  

The People’s Bank of China (PBOC) and the Shanghai Municipal Financial Regulatory Bureau have ordered securities regulators in Shanghai to identify cryptocurrency exchanges, token issuers, and distributors of foreign ICO’s in the city so they can be shut down, The Block reports. According to Chinese… Read More

November 13, 2019 @ 8:40 am By Omar Faridi  |  

A recent report published by global market intelligence company IDC has revealed that China’s blockchain industry is on track to experience substantial growth in the next few years. As reported by Xinhuanet, China’s blockchain ecosystem is expected to be valued at more than $2 billion… Read More

November 4, 2019 @ 10:16 am By JD Alois  |  

It has been widely reported that the People’s Bank of China is nearly ready to issue the first Central Bank Digital Currency (CBDC) to streamline the payment/transfer process for the Renminbi. Many central banks are reviewing the pros and cons of a CBDC but China… Read More

October 31, 2019 @ 2:02 pm By Omar Faridi  |  

The government of Guangzhou, the capital and most populous city of China’s Guangdong province, has reportedly launched a $140 million subsidy fund in order to support the ongoing development of several local blockchain projects. Guangzhou’s authorities intend to allocate around 1 billion yuan (appr. $141… Read More

October 30, 2019 @ 3:17 am By Cali Haan  |  

Despite an official ban on cryptocurrency trading imposed progressively in the region since 2016, China now appears to be throwing its full weight behind “blockchain,” a type of distributed-ledger technology popularized by Bitcoin that many critics claim is of little use outside of it. A… Read More

October 29, 2019 @ 10:30 pm By Cali Haan  |  

Micree Ketuan Zhan, majority stakeholder of world’s largest crypto mining hardware manufacturer, Bitmain, appears to have been forced out of the company he helped found with Jihan Wu. Chinese media including Sina reported on the developments, which appear to have been confirmed in an email… Read More

October 28, 2019 @ 7:55 am By Omar Faridi  |  

The United Arab Emirates’ (UAE) Securities and Commodities Authority (SCA) has prepared a  draft of a resolution on regulating digital assets, which aims to offer more clarity for cryptocurrency-related initiatives in the Middle Eastern country. Comments are being accepted until October 29, 2019. With the… Read More

October 27, 2019 @ 6:02 pm By Omar Faridi  |  

A new cryptography law was passed on October 26 by the Standing Committee of the 13th National People’s Congress in China. The proposed law will be effective on January 1 of next year, according to local news outlet Xinhuanet. The announcement has come shortly after… Read More

October 25, 2019 @ 4:04 pm By JD Alois  |  

Bitcoin is on a tear today rising in value by over 14% in the last few hours. Earlier this week, on the day Mark Zuckerberg took a shellacking from the US House Financial Services Committee, Bitcoin dumped 8%. While the trip to the House of… Read More

April 9, 2019 @ 3:51 pm By JD Alois  |  

The House of Representatives has introduced the Token Taxonomy Act of 2019 (H.R. 2144) legislation – a bill that is designed to enable a digital asset that is a utility token unregulated by the Securities and Exchange Commission (SEC). The bill states: “… to exclude… Read More

November 28, 2018 @ 7:51 am By JD Alois  |  

The Monetary Authority of Singapore (MAS) and Shanghai Municipal Financial Regulatory Bureau (SFRB) continue to strengthen financial ties including in the hot Fintech sector. Jacqueline Loh, Deputy Managing Director of MAS, and Dr. Zheng Yang, Director General of the SFRB, highlighted the cooperation at the 4th… Read More

July 7, 2018 @ 1:38 pm By Cali Haan  |  

Recent floods in China’s central Sichuan province have destroyed thousands of cryptocurrency “mining” machines (dedicated computers) and may have slowed processing power on the Bitcoin network, Golden Finance reports. Anhui, Jiangsu, Shandong and Jilin provinces were also badly affected by prodigious rains, says ECNS News,… Read More

June 18, 2018 @ 3:17 pm By Cali Haan  |  

In an atmospheric piece filed 2700km from Shanghai and 3000 miles above sea level, Nikkei Asian Review reporter Yusho Cho describes a 7000 computer-strong mining operation quietly thrumming out Bitcoins in the remote western plateau region of Qinghai. Local authorities, says Cho, are fine with… Read More

June 5, 2018 @ 10:31 pm By Cali Haan  |  

According to China News Weekly, Xiao Wei, Chief Blockchain Scientist at Baidu, China’s Internet search giant, announced this weekend at a conference that Baidu has developed a high-performance “super chain” blockchain and will soon be, “completing a blockchain transformation of its own business.” The news follows… Read More

July 22, 2017 @ 5:21 pm By Xu Gao  |  

National Financial Work Conference Points Out Clear Way for Building Financial ‘Super Regulator’ The two-day national financial work conference held from July 14-15 in Beijing came up with major principles for the country’s financial work, and make statements about direct financing and the construction of… Read More

May 21, 2017 @ 1:55 pm By Xu Gao  |  

Financial Technology Becomes a New Spotlight of the Belt and Road Initiative Belt and Road Forum for International Cooperation, also known as the Belt and Road Initiative, was held in Beijing on May 14-15. President Xi Jinping highlighted the role that financial technology has played… Read More

May 14, 2017 @ 11:18 pm By JD Alois  |  

Launched in 2015 with the personal approval from the Chinese President Xi Jinping, Silk Ventures is on a mission is to build the most advanced New ‘Silk Road’ for technology companies seeking to expand to China and for Chinese companies seeking to ‘go global’.  The… Read More

October 27, 2015 @ 7:49 am By JD Alois  |  

Edinburgh-based investment crowdfunding platform ShareIn is targeting China as a unique opportunity.  Announced today at the World Crowdfunding  Conference taking place in Guiyang, China, the company stated it would launch the first joint, China – UK crowdfunding campaign designed to allow Chinese investors to purchase… Read More