Tech Think Tank Applauds US Sanctions On China, But Cautions On Focus

FinTech, Investing, News, Regulation | March 22, 2018 By:

The Information Technology and Innovation Foundation (ITIF), a think tank for science and technology policy, has applauded the Trump administration’s efforts to curb China’s alleged “pattern” of abusing economic and trade policy to gain unfair advantage in key industries. But ITIF cautioned the administration against imposing tariffs on producer goods that support US productivity growth.


China Seeks Blockchain Technology Standardization

Announcements, Blockchain, News, Regulation | March 13, 2018 By:

China’s Ministry of Industry and Information Technology is advocating to establish blockchain standards “as soon as possible.”

The ministry’s division of Information and Software Services will team with the China Electronics Standardization Institute in a committee to devoted to blockchain standards. China is already a member of the International Organization for Standardization (ISO),


China Not In A Hurry To Develop Own Cryptocurrency, Says Central Bank Head Zhou Xiaochuan

Blockchain, News, Regulation | March 9, 2018 By:

Zhou Xiaochuan, governor of the People’s Bank of China (PBoC), said China is in no hurry in developing its own cryptocurrency.

Speaking at a press conference amid the Two Sessions, China’s annual political event, Xiaochuan said the development of a digital currency should be a prudent progress and excessive speculation must be avoided.


Blockchain Needs Centralized Infrastructure, Says Chinese Regulatory Director

Blockchain, News | March 7, 2018 By:

Zhang Ye, director of the technology unit at China’s Securities Regulatory Commission, said that blockchains are better if not completely decentralized.

Speaking at the People’s Political Consultative Council of China as a policy advisor, Ye said that China’s public sector should devote “great attention” to the development of advanced technologies such as artificial intelligence (AI) and blockchain technology.


Offshore Crypto Websites May Be Blocked By China

News, Regulation | February 6, 2018 By:

The government of China is reportedly planning to block all offshore websites related to cryptocurrency trading and initial coin offerings (ICO).

According to an article published by Financial News, a publication affiliated with the People’s Bank of China, recent attempts to stamp out cryptocurrencies by shutting down domestic exchanges had failed to completely eradicate trading.


Samsung Enters The Bitcoin Mining Hardware Biz, Will Challenge Bitmain

Announcements, Innovation, News | January 31, 2018 By:

Samsung Electronics, the world’s second largest chip manufacturer, has confirmed it has a contract to supply an undisclosed Chinese bitcoin mining hardware manufacturer with semiconductors. The move continues the electronics giant’s move into the sector, following its recent agreement with Russian-based bitcoin mining hardware company Baikal.