Cryptocurrency Restrictions Tightened in China

News, Regulation | January 16, 2018 By:

China is stepping up its ongoing crackdown on cryptocurrency exchanges. The Chinese government is now reportedly targeting online platforms and mobile apps providing trading services to cryptocurrency users, Bloomberg reported Monday, citing unnamed sources.

According to a source, Chinese authorities plan to block domestic access to Chinese and international cryptocurrency platforms that allow centralized trading.


China’s Internet Finance Regulator Warns On “ICOs in Disguise”

ICO News, Investing, News, Regulation | January 15, 2018 By:

China’s National Internet Finance Association (NIFA), a self-regulatory organization in the field of Internet finance, has issued a warning against risks from the so-called “initial miner offerings” (IMO).

In a statement, NIFA claimed that IMOs are disguised initial coin offerings (ICO), the latter completely banned in the country.


South Korea Cryptocurrency Crackdown: The Government Cooperates With China And Japan On Regulation

News, Regulation | January 10, 2018 By:

South Korea’s financial regulator is in talks with counterparts in China and Japan to cooperate on new rules for cryptocurrency trading.

Korean Financial Services Commission (FSC) chairman Choi Jong-ku revealed that vice finance ministers from the three countries had exchanged ideas on regulating cryptocurrencies during a meeting in South Korea last month.


Blockchain Innovations On Tap, As Qtum Partners With Storm Player, China’s Largest Video Player

Announcements, Blockchain, Innovation, News | January 8, 2018 By:

Smart contracts platform Qtum and China’s Baofeng Bokocloud have joined forces to create a blockchain concensus network service for video using Baofeng’s Storm Player, one of the most popular online video players in China.

Storm Player already has more than 200 million users and its parent company has a market cap of $8 billion.


China Bitcoin and ICO Deals Continue After Government Crackdown – Report

Blockchain, ICO News, Investing, News, Regulation | November 8, 2017 By:

The Financial Times newspaper is reporting that Chinese investors are still trading bitcoin and buying initial coin offerings, despite new laws that prohibit those activities.

While public exchanges are shut down, private over-the-counter markets are apparently flourishing, according to the FT report. Reminbi shares of bitcoin trading on the OTC market has gone from five percent at the beginning of September,