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.

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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.

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Cryptocurrency Traders May Face China Bank Ban

News, Regulation | January 22, 2018 By:

The People’s Bank of China (PBoC), the country’s central bank, has reportedly ordered financial institutions to stop providing banking or funding to any activity related to cryptocurrencies.

According to a document issued by the PBoC, banks must carry out internal investigations to ascertain if cryptocurrency trading activities are being conducted via their payment services.

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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.

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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.

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