China


Markets

Chinese Commercial Bank Enables Digital Yuan-Cash Conversion at ATMs

The Industrial and Commerce Bank of China has become the first bank in the country to launch a feature converting cash to the digital yuan.

Beijing

Markets

Examine Blockchain for Ways to Stop Forced-Labor Goods, Australian Committee Says

Blockchain could "empower" companies and governments to more "effectively" trace their supply chains, the Senate committee said.

Sydney's skyline

Policy

City in China's Sichuan Province Orders Crypto Miners to Shut Down for Inspection: Reports

The news follows forced closures of mining operations elsewhere in China.

The Ziping Pu dam in China's Sichuan province.

Finance

Genesis Digital Assets Purchases Additional 10,000 Mining Machines From Canaan

The order is to be completed by the end of the month.

Components used in bitcoin mining machines.

Videos

China Starts Testing Digital Yuan for Salary Payments

China’s Xiong’an New Area, a district located approximately 60 miles southwest of Beijing and a testing ground for new economic ideas, will start allowing digital yuan for wage payments. “The Hash” team unpacks China’s ongoing pilot programs around the digital yuan and their possible impact on the global central bank digital currencies (CBDCs) markets.

CoinDesk placeholder image

Videos

Yunnan Mining Ban Clarified; Korean Exchanges Start ‘Coin Thinning’

Authorities clarify details on Yunnan mining regulation. Bitcoin mining difficulty hits the lowest level this year. Korean exchanges warn investors of caution over some cryptocurrencies. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."

Recent Videos

Finance

China’s Xiong’an New Area Begins Using Digital Yuan for Salary Payments

The country is testing the currency in different pilots.

Construction

Videos

Week in Review: El Salvador's Currency Law and International Ramifications, U.S. Lawmakers Put Bitcoin on Trial, China's BTC Mining Crackdowns and More

Taking a look at this past week's stories making waves in the cryptocurrency space: El Salvador adopting bitcoin as legal tender, the IMF's cautious warning, and various U.S. lawmakers questioning bitcoin's volatility. Plus, an update on China's bitcoin mining crackdowns.

Recent Videos

Finance

Chinese Province Cracks Down on Unauthorized (Not All) Bitcoin Mining

The Yunnan Energy Bureau stopped short of an all-out crypto mining ban.

Technicians exit a cooling chamber adjacent to a wall of bitcoin mining machines at a mining facility operated by Bitmain Technologies Ltd. in Ordos, Inner Mongolia, China.

Markets

Corrected: Yunnan Province Did Not Order Crypto Miners to Shut Down

The source for the original report appears to have been a counterfeit.

bitcoin mining machines at a mining facility operated by Bitmain Technologies Ltd. in Ordos, Inner Mongolia