China


Policy

Hong Kong Citizens Turn to Stablecoins to Resist National Security Law

Hong Kong's national security law enables the government to seize and confiscate assets if one commits a "political crime." Some local citizens are turning to stablecoins for protection, while exploring other decentralized technology to resist censorship.

CoinDesk Archive

Finance

Inside the Craze for Filecoin Crypto Mining in China

As Filecoin inches closer to a blockchain mainnet launch, investors in China are again speculating heavily on the network’s mining hardware and token prices.

Protocol Labs co-founder and CEO Juan Benet speaks at CoinDesk's Construct 2017 conference. (CoinDesk archives)

Markets

Ferrari, McLaren and $15M in Crypto Seized as Chinese Police Bust Arbitrage Scam

The novel Chinese scam saw perpetrators create fake crypto assets to fleece investors seeking arbitrage opportunities.

(Efired/Shutterstock)

Policy

Hong Kong’s National Security Law Could Threaten Local Crypto Brokerages

The U.S. sanctions on financial institutions in Hong Kong could put the city’s growing crypto brokerage businesses in jeopardy.

Major Hong Kong-based crypto companies will face new challenges in settling cross-border transactions if U.S. sanctions in response to the national security law restrict or ban their access to the U.S. dollar system. (Jimmy Siu/Shutterstock)

Finance

Ride-Hailing Giant Didi to Trial China's Central Bank Digital Currency

Didi, the Chinese equivalent of Uber, is forming a task force to design and implement trial of China's central bank digital currency on its on-demand transportation platform.

(Zhu Difeng/Shutterstock)

Markets

First Mover: Even Bank of America Acknowledges China Winning Digital-Currency Race

BoA researchers anticipate China's digital yuan might make a dent in the greenback’s global hegemony.

(Mendenhall Olga/Shutterstock)

Markets

FATF Under Germany: Expand Digital AML/CTF Efforts

Dr. Marcus Pleyer has outlined the objectives for his next two years as president of the global AML watchdog.

FATF meeting.

Finance

China Police Said to Detain Crypto OTC Traders Amid Money Laundering Crackdown

Chinese police are stepping up efforts in cracking down on illegal economic activities, which now leads to crypto over-the-counter (OTC) traders being detained to assist investigations.

Chinese yuan image via Shutterstock

Tech

How Chainlink and Cosmos Fit Into China's Grand Blockchain Initiative

Chainlink will help the state-backed Blockchain-Based Service Network with oracles, and Cosmos-powered Irisnet will assist with interoperability.

Shutterstock

Markets

Bitcoin Miner Maker Ebang Estimates $2.5M Loss for Q1 in IPO Prospectus Update

The Chinese firm also revealed its anticipated share price in its updated filing with the U.S. SEC.

Mining machines (GreenBelka/Shutterstock)