China


Markets

First Mover: What China Crackdown Means for $18K Bitcoin as Dimon Passes on 'Tea'

Fewer new bitcoin may be hitting the market because miners in China can't sell their bitcoins due to a crackdown by their government.

Unsplash, modified by CoinDesk

Policy

China's Crypto Miners Struggle to Pay Power Bills as Regulators Clamp Down on OTC Desks

Miners in China have reportedly been struggling to pay for electricity after authorities started cracking down on OTC brokers in the country.

Stack of bitcoin miners

Markets

$300M in Bitcoin Flow to Binance From Huobi as China Gets Tougher on Exchanges

The Chinese government cracks down on the crypto exchanges (again), but Binance has been benefiting.

china, law

Policy

How Ant’s Suspended IPO Is Related to China’s Digital Yuan

Ant’s suspended IPO exposes potential financial risks posed by the fintech giant’s digital payment platform Alipay. The digital yuan may be China’s attempt at a solution.

Alipay's logo

Markets

World's Second-Biggest Bank to Issue $3B in Bonds Tradable for Bitcoin

China Construction Bank will issue the debt securities over a blockchain, with trading to be available against bitcoin and U.S. dollars via an exchange partner.

China Construction Bank

Markets

Beijing Municipal Government Conference Notes Plans to Pilot CBDC in China's Capital

The discussion of China's digital yuan at a regional-level conference indicates the pilot is being included in state-level planning.

Sonny Ross/CoinDesk archives

Policy

Shanghai, Hong Kong Stock Exchanges Pause Ant Group IPO Over Regulatory Concerns

Ant Group's IPO has been suspended on both the Shanghai and Hong Kong stock exchanges due to significant changes in China's regulatory environment for fintech firms.

Ant Group and Alibaba founder Jack Ma

Policy

Huobi Denies Rumors a Senior Executive Was Arrested

Huobi said Monday the rumors alleging one of its senior executives had been arrested were false.

shutterstock_1234624711