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China
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.
$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.
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.
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.
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.
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.
Huobi Denies Rumors a Senior Executive Was Arrested
Huobi said Monday the rumors alleging one of its senior executives had been arrested were false.
PBoC Governor Says 'Successful' Digital Yuan Trials Have Transacted $299M
The governor of the People's Bank of China praised recent tests of the digital yuan at the Hong Kong Fintech Week conference on Monday.
China Should Take Part in Creating Global Regulatory Framework for Digital Currency, Xi Says
China's president said the nation should proactively participate in setting the international framework.
