China Authorized a Blockchain Technology Zone, While It Keeps Its Negative Stance on Cryptocurrencies
This Monday has officially inaugurated the “blockchain zone” in the free trade zone of Hainan, south of China. This zone wants to boost the research and application of distributed ledger technology in the world. It is also the…
A Chinese Hotel Adopted Cryptocurrency Payments, Along With A Beijing-Based news Portal
One of the oldest technology news portals in China and a newly-opened hotel in Sichuan are the first Chinese firms to accept cryptocurrency as a payment method. This adoption movement is coming as opposing the latest cryptocurrency regulations tensions…
China Is Boosting The Cryptocurrency Regulation To The Next Level Of Strictness
Several financial regulatory agencies in China, such as the People’s Bank of China, the Banking Regulatory Commission, the Ministry of Public Security, the Central Commission for Cyberspace Affairs, and the State Administration for Market Regulation, issued a warning…
Bitcoin (BTC) To Be The New “Digital Gold” Thanks To The Trade And Currency War Between The US and China
The trade war between the US and China has also spread to other nations and has turned into a currency war as China has devalued its currency. Investors, particularly the wealthy ones, are now turning to Bitcoin (BTC)…
China’s Regulators Say Blockchain Technology Is Useful But Cryptocurrency May Not Be Equally Helpful
The chief of the International Department of China’s Banking and Insurance Regulatory Commission, Fan Wenzhong, cautioned about the “mythologization” of blockchain technology. He also said that blockchain technology is useful, indeed, but cryptocurrencies are not necessarily helpful. At…