China


Policy

Ex-PBoC Governor Urges China to Join Global Conversation on Libra

A former senior official with the People’s Bank of China (PBoC) believes the nation should join a global conversation about regulating stablecoins, with a particular focus on the Libra stablecoin.

Image via Shutterstock

Finance

How Coronavirus Outbreak in China Could Weigh on Crypto Prices

The coronavirus outbreak in China could curb flows into crypto assets from investors and dampen the recent rally in the global market, industry pros say.

(Image via Shutterstock)

Finance

How Was It Possible for Bitmain to Oust Its Largest Shareholder Overnight?

Corporate documents reveal new details about the ouster of Bitmain co-founder Ketuan "Micree" Zhan.

Micree Zhan, co-founder of Bitmain. (Credit: CoinDesk archives)

Policy

Currency 'Cold War' Takes Center Stage at Pre-Davos Crypto Confab

Cryptocurrencies could be at the heart of a new Cold War, at least according to some investors at the Crypto Finance Conference in St. Moritz.

Young Sohn, Kavita Gupta and Cameron Winklevoss pose for a selfie at the CFC St. Moritz conference. (Photo courtesy of CFC St. Moritz)

Finance

Mobile Phone Retailer Joins China's Blockchain Land Grab With US Company Investment

One of the largest smartphone retailers in China is stepping into the blockchain world by investing in U.S.-based startup Monsoon. Sources said the stake was sold at a nine-digit valuation.

Phone store image via Shutterstock

Markets

China’s Central Bank: Here’s the Latest on the Digital Yuan

The People's Bank of China said several important processes in the development of the digital yuan were "almost complete."

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Markets

ANALYSIS: The Global Game of Coins Heats Up

A new paper from the PBoC says the “top-level” design of its digital currency is complete while AMLD5 in Europe is causing crypto companies to flee.

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Finance

Why China Is Banning Crypto but Is Bullish on Blockchain

"The bandit needs to be wiped out before the regular army gets in," says Flex Yang, co-founder and CEO of Babel Finance, speaking of China's uncertain crypto regulations.

Flex Yang, co-founder of Babel Finance

Markets

Baidu Adds Service to Help Developers, Small Businesses Build Dapps

Chinese internet giant Baidu launched on Monday a blockchain-based service for developers and small and medium-sized businesses to build decentralized applications, or dapps.

Image via Shutterstock

Markets

Guangdong Blockchain Financing Platform Aims to Help Small Business

A new platform backed by Guangdong province aims to streamline the process for commercial banks to lend funds to small businesses with more detailed and reliable profiles provided by its blockchain network.

Guangdong city image via Shutterstock