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China
China Says Banks Must Block Crypto Transactions; Market Falls
China's central bank says institutions must not provide trading, clearing and settlement for crypto transactions.
Ether Drops Below $2K, Bitcoin Wilts as China Tells Banks to Cut Off Crypto Transactions
China's central bank said major financial institutions must stop providing trading, clearing and settlement for crypto transactions.
Agricultural Bank of China Reiterates Ban on Crypto: Report
A statement posted on its website citing guidance from the People's Bank of China was subsequently deleted.
Bitcoin Remains Relatively Resilient Post-Fed as Fiat Currencies Drop Against Dollar
CoinDesk Managing Editor of Technology Christie Harkin and Managing Editor of Markets Brad Keoun discuss this past week's top stories moving the crypto markets, including the Fed's announcement of raising interest rates, hedge funds pledging more capital to crypto, the impact of El Salvador's currency law, rising ESG concerns, China's crackdowns on bitcoin mining operations, and Taproot activation.
Sichuan Becomes Latest Chinese Province to Order Bitcoin Miner Shutdown
In China's Sichuan province, the world's largest hydro-powered bitcoin mining area, Ya'an is set to shut down mining operations. "The Hash" panel discusses China's continued crackdowns on bitcoin mining operations and what this latest development means for the bitcoin community.
Sichuan Becomes Latest Chinese Province to Order Bitcoin Miner Shutdown
The Sichuan government has joined other Chinese provinces in ordering local bitcoin mining operations to shut down pending an inspection.
Crypto Clampdown Hits Sichuan; DTravel Launches Airbnb Rival
China crypto mining clampdown hits Sichuan as miners seek safe-havens. Shanghai promotes digital yuan with a red envelope lottery. DTravel launches decentralized rival to Airbnb. More on that story and other news shaping the cryptocurrency and blockchain world in this episode of “The Daily Forkast.”
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.
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.
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.
