Jan 31, 2022 · The People's Bank of China argues that its ban on cryptocurrencies is to curtail financial crime and prevent economic instability. However, China's cryptocurrency ban comes amid fears that cryptocurrencies were facilitating capital flight from its markets, bypassing conventional restrictions.

Dec 21, 2023 · China is pushing ahead with its development of non-fungible tokens (NFTs) and blockchain-based decentralized applications, according to a document published by China's ministry of industry...

Read news about crypto in China via Cointelegraph: government crackdowns, reports about crypto trading in China and Chinese investors

Jul 24, 2024 · Recently, there have been rumors that Bitcoin in China will be "unbanned" - from unsourced tweets to backdoor insights about the Chinese Communist Party's plans for Bitcoin. Since Hong Kong...

2 days ago · The Convergence Of AI And Crypto. The intersection of AI and cryptocurrency development could significantly impact global trade dynamics. China's cost-efficient AI models, combined with its CBDC ...

Sep 24, 2021 · China's central bank has announced that all transactions of crypto-currencies are illegal, effectively banning digital tokens such as Bitcoin.

Aug 23, 2024 · China was once the Bitcoin trading and mining capital of the world. However, the country's leadership struggled for several years to find ways to control cryptocurrency's spreading popularity...

Sep 24, 2021 · China intensified its crackdown on cryptocurrency on Friday, declaring all financial transactions involving cryptocurrencies illegal and issuing a nationwide ban on cryptocurrency mining, the...

Jan 23, 2025 · China had already imposed a blanket ban on crypto activities, including mining and trading, by 2021. At its peak, China was a Bitcoin mining powerhouse , responsible for nearly 60% of the global Bitcoin hash rate due to cheap electricity and the availability of mining hardware.

Jan 25, 2024 · Crypto data platform Chainalysis says crypto-related activities in China have bounced, and its global ranking in terms of peer-to-peer trade volume jumped to the 13th place in 2023, from 144 in...