China


Markets

Chinese Central Bank Plans to Nip Young Crypto Businesses 'In the Bud'

China's central bank has formally issued a new plan to crack down on crypto businesses.

Shutterstock

Policy

In Wargaming Exercise, a Digital Yuan Neuters US Sanctions and North Korea Buys Nukes

What if China’s digital currency undermined U.S. dominance of global finance? Former top Washington officials gamed out the scenarios Tuesday night.

Former government officials participating in a wargaming exercise on Nov. 19, 2019. Image via Harvard Kennedy School

Finance

Chinese Army's Blockchain Provider Approved for New Hyperledger Certification Program

Hyperledger green-lit a Beijing-based firm that serves the Chinese army to join its new certification program, as military blockchain use expands.

Shutterstock

Markets

China Is Poised for Another Crypto Trading Crackdown as Speculative Fever Returns

China appears set to crack down on crypto trading again after President Xi Jinping's praise for blockchain tech revived speculation in the sector.

(Sarkao/Shutterstock)

Markets

Fintech Arm of Chinese Insurance Giant Files for US IPO After Blockchain Push

OneConnect Financial Technology, the banking and blockchain arm of China's largest insurance company, filed a prospectus with the SEC on Wednesday.

Nasdaq

Markets

China Central Bank Official: Digital Yuan Should Have 'Controllable Anonymity'

China's proposed digital yuan should strike a balance between protecting privacy and regulatory enforcement, a central bank official said.

yuan, china

Markets

After Xi, China's Central Bank Gives Blockchain Tech a Pump

The People's Bank has said blockchain is a solution to trade finance asymmetries in the latest promotion of the tech in China.

Shutterstock

Markets

After Painful 2018, Chinese Blockchain VCs Are Getting Back Into the Market

After the crypto market crash last year, Chinese venture capital firms are taking another look at blockchain.

Yuan

Markets

Bitcoin Mining Power Sees Short-Term Drop as Rainy Season Ends in China

After sustained growth over the past three months, bitcoin's mining power has dropped with a seasonal falloff in hydropower output in China.

Bitcoin mining farm (CoinDesk archives)

Markets

Binance Said to Plan Beijing Office Amid China's Renewed Blockchain Push

The world's largest cryptocurrency exchange by volume is establishing a new outpost in China's capital city.

Binance CEO Changpeng Zhao