In a significant call for change, Zhu Guangyao, a former senior finance official in China, has urged the government to reconsider its strict ban on cryptocurrencies.
Read MoreIn a significant call for change, Zhu Guangyao, a former senior finance official in China, has urged the government to reconsider its strict ban on cryptocurrencies.
Read MoreDespite a 2021 ban on cryptocurrency trading, China's over-the-counter (OTC) crypto market continues to flourish. A new report from Chainalysis reveals that these platforms have seen significant inflows of $20 billion per quarter on average through June, totaling $75.4 billion for the nine months.
Read MoreBitcoin (BTC) saw a decline to $62,700 after hitting a near one-month high of $64,500, coinciding with China’s latest economic stimulus measures. The People's Bank of China (PBoC) cut the reserve requirement ratio for banks by 50 basis points and reduced the seven-day reverse repo rate to 1.5%.
Read MoreIn a significant move against financial crime, China has successfully extradited a suspected mastermind behind a massive cryptocurrency pyramid scheme.
Read MoreChina has introduced one of its most stringent measures yet against digital assets, aiming to combat money laundering involving cryptocurrencies
Read MoreA recent tweet by Justin Sun, the founder of Tron (TRX), has set the cryptocurrency world abuzz with speculation about a potential shift in China’s stance on digital currencies.
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