Prosecutors in China have charged four suspects said to be involved with operating an alleged $2 billion cryptocurrency pyramid scheme. According to a news release issued by the Supreme People’s Procuratorate issued Wednesday, a local prosecutor’s office in Hunan province has charged the four individuals as part of a wider crackdown…
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Almost half of the 26 listed banks in China say they have implemented blocking technologies in 2017, according to the reports. The Chinese industry publication CEBNet reported that 12 out of 26 public banks in China, according to published annual reports, implemented blocking technology in their work last year. These…
China is still at the stage of developing the state digital currency, the head of the state research center of China told reporters. According to Zhang Yifeng, head of China Banknote Blockchain Research Center, China is still working on the creation of a national digital currency, but the timing of…
China’s central bank has said cryptocurrencies will be one of its top priorities this year, in an effort to protect the national currency. According to an announcement Thursday, People’s Bank of China (PBoC) has outlined its agenda for the coming year during a conference call focused on monetary development. While…
The head of the Chinese Central bank, Gan said that the cryptocurrency is money that has no borders. According to the official, the cryptocurrency is adrenaline for crypto investors. Digital assets are of great interest to Chinese society, as it gives full freedom to enter the financial market. Also,…
The Cabinet of Thailand, the executive branch of the country’s government, has provisionally passed two royal decree drafts aimed at regulating cryptocurrencies, a report states. The drafts – covering both cryptocurrency and initial coin offering transactions, as well as a possible tax on crypto capital gains – first received agreement from…
According to regional reports, China’s police agency is allegedly monitoring cryptocurrency exchanges based outside of the country. An informant details that China’s Public Information Network Security Supervision task-force is closely watching both domestic and foreign trading platforms involved with cryptocurrencies to prevent fraud, pyramid schemes, and money laundering. China’s Regulators…
The Bank of China, which should not be confused with the People’s Bank of China, the central bank of the country, has applied for a patent for a new solution to the problems of scaling blockage to the State Intellectual Property Office of China (SIPO). The solution contains a new…