China Clarifies Taxation on Digital Currency Transactions An article published by the Shanghai Municipal Tax Service has raised speculation about a potential easing of China’s crypto…
Chinese Media Raises Concerns Over Cryptocurrency Exploitation Chinese media sources have expressed worry about corrupt officials using cryptocurrencies for illegal activities. Of particular concern is the…
China Cracks Down on Illegal Forex Trading with Crypto The Chinese government is taking strict measures to crackdown on the use of cryptocurrencies in illegal foreign…
China Sentences Zhao Dong to 7 Years in Prison China’s Supreme Procuratorate has handed down a seven-year prison sentence to Zhao Dong, the founder of RenrenBit…
China Launches Web 3.0 Accelerator Fund A recent digital economy conference held in Shenzhen, China, saw the launch of a Web 3.0 accelerator fund, according to…
China Introduces Digital Yuan Wallet Machine for Foreign Passport Holders The Bank of China’s Dongguan Branch has launched an automated digital yuan wallet-opening machine at the…
The Chinese Government Cracks Down on Underground Bank Using Crypto for Illegal Exchange The Chinese State Administration of Foreign Exchange (SAFE) has taken action against an…
Proposed Ban on Token Conversion to Fiat Currency The General Administration of Press and Publication of China (GAPP) has recently released a draft outlining significant changes…
The Latest Financial Stability Report from the People’s Bank of China The People’s Bank of China has released its latest financial stability report, which includes a…
