Tag Archives: china

China: Shenzhen Special Economic Zone to Use Blockchain for Electronic Tax Invoices

Shenzhen, a major city in the Guangdong Province and the first economic special zone in  China, will use blockchain technology for electronic tax invoices. This development was reported by the China Economic Net, а domestic news website focusing on economics, on Dec. 12. The Shenzhen Municipal Taxation Bureau and Chinese tech giant Tencent have “successfully connected the blockchain… Read More »

Expert Opinion: Crypto Tale of Two Countries – India and China

Note: “This analysis is an adaptation from the work of Mati Greenspan, Senior Market Analyst at eToro Key Highlights: India and China still have a hide and seek a relationship with cryptos Recent political and regulatory developments in India show a ray of hope China toughens stand on cryptos as it imposes a ban on Security Token Offerings (STO)… Read More »

‘You Will Be Kicked Out’ – China Officially Bans Security Token Offerings (STO)

The People’s Bank of China (PBoC), the country’s central bank, has officially banned security token offerings (STO) in a continuation of its restrictive legislation governing digital currencies.  China: STO is ‘Illegal Financial Activity’ In continuation of its crackdown on digital currencies, China’s central bank has officially halted security token offerings, South China Morning Post reports. Speaking at an internet finance… Read More »

‘Illegal Financial Activity’: PBoC Deputy Governor Warns Against STOs in China

Advertisement Security token offerings (STO) – essentially initial coin offerings which are backed by tangibles such as a company’s revenues, profits or assets – are now officially banned in China. This emerged after the People’s Bank of China (PBoC) deputy governor, Pan Gongsheng, warned those issuing STOs that they were violating the law. “The STO business that has… Read More »

Bitmain Closes Israeli Blockchain Development Center Citing Crypto Market Conditions

Chinese crypto mining giant Bitmain is closing its development center in Israel and firing local employees, Israeli business news outlet Globes has learned Monday, Dec. 10. Bitmaintech Israel — founded in 2016 to explore the use of blockchain technology, work on the Connect BTC mining pool and develop the infrastructure behind Bitmain’s artificial intelligence (AI) project Sophon —… Read More »

Chinese Central Bank Governor Defines STOs as ‘Illegal Financial Activity in China’

STOs have been underlined as “illegal financial activity in China” by the governor of the Chinese central bank

This Week in Crypto: Never-Ending Bitcoin Cash Drama & a[nother] Blockchain Phone

Advertisement The Bitcoin price grabbed the headlines this week, once again plunging to a new yearly low and placing the crypto market on the brink of sinking below the $100 billion level for the first time in 2018. However, there was much more than price action afoot, and, per the usual, much of it involved drama in the… Read More »

Why Bitcoin is Not in a Death Spiral, According to Andreas Antonopoulos

Advertisement Over the past month, many reports about the materialization of a potential “death spiral” on the Bitcoin network were released, leading investors to be concerned about the short-term trend of the dominant cryptocurrency. According to a security expert and cryptocurrency researcher Andreas Antonopoulos, a death spiral is unlikely to happen in Bitcoin. What is a Death Spiral… Read More »

Chinese Internet Court Uses Blockchain to Protect Online Writer’s Intellectual Property

An Internet Court in Hangzhou, Eastern China, has turned to blockchain to fight piracy at the expense of online writers, English-language media outlet China.org.cn reports Dec. 8. China has reportedly “set up three Internet courts in Hangzhou, Beijing and Guangzhou.” Internet Courts are courts expressly intended to manage internet-related cases and allow plaintiffs to file their complaints online.… Read More »

Blockchain Policy Development in China Concentrated in Three Cities

Beijing, Shanghai and Guangzhou — or BeiShangGuang — has become the most concentrated area of ​​relevant blockchain legislation and policy in China, reports local finance publication Securities Daily Dec. 7. The Chinese securities newspaper has analyzed blockchain-related policies introduced throughout the country in the recent years, and concluded that there are 32 blockchain-related policies within the country. Meanwhile,… Read More »