China responds to concerns about cryptocurrency misuse with cold storage regulations. The government aims to curb covert financial activities and is actively involved in international collaborations. The use of blockchain for real-name identity verification and broader efforts in social media regulation reflects China's commitment to adapting to the evolving digital landscape while maintaining regulatory control.
BerniceChina intensifies its cryptocurrency crackdown, targeting Tether in forex transactions and imposing stricter legal measures.
AlexChina's crackdown on illegal cryptocurrency activities intensifies with Zhao Dong's seven-year prison sentence.
AlexChinese hackers deploy a deceptive Skype app, leading to a sophisticated phishing scam that exploits cryptocurrency users.
Hui XinHe is the most senior official to be charged for crypto-related crimes to date.
ClementChinese authorities have uncovered a large-scale cross-border online gambling case with a staggering turnover of 400 billion yuan (approximately $56 billion), revealing the prominent use of digital assets in facilitating the crime in China.
Coinlive Although this practice would imply that the Chinese government may have finally recognized the legal status of cryptocurrencies, the reality is more complex.
FinboldChina has shut down many underground cryptocurrency apps.
BitcoinistThe policy also covers secondary NFT trading as the firm notes that “accounts that provide services or content related to the secondary transaction of digital collections shall also be dealt with.”
CointelegraphChina has used its Economic Daily media outlet to signal that further regulatory action may be taken toward stablecoins in the wake of the collapse of Terra’s algorithmic stablecoin.
Cointelegraph