Wednesday, January 16, 2019
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China to Enforce Regulation for Blockchain Companies in February

China’s internet regulator, the Cyberspace Administration of China(CAC) in a detailed document outlined a final draft of regulations concerning cryptocurrency and blockchain companies. The rules will come into effect starting February 19, and provide a set of guidelines that blockchain companies are required to follow. According to the CAC’s director: The Regulations

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China Introduces New Anti-Anonymity Regulations for Blockchain-Related Companies

The Cyberspace Administration of China (CAC) has introduced new regulations for blockchain firms that are operating in the country. The announcement was published on the regulator’s website on Thursday, Jan. 10.According to the CAC, the guidelines, which will come into force on Feb. 15, were developed to contribute to the

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China Banking Body to Develop Multi-Use Blockchain Platform With Major Banks

China’s self-regulatory bank organization the China Banking Association (CBA) will launch a blockchain-based platform to improve efficiency across the sector, participants confirmed in a statement Dec. 29.The project, formally dubbed the ‘China Trade Finance Inter-bank Trading Blockchain Platform,’ aims to use blockchain to target trade finance, transactions and other financial

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Chinese Central Bank Governor Defines STOs as ‘Illegal Financial Activity in China’

The People’s Bank of China (PBoC), the country’s central bank, highlighted the illegality of Security Token Offerings (STOs) in the country, English-language local news outlet South China Morning Post (SCMP) reports Dec. 9.A deputy governor of China’s central bank, Pan Gongsheng, reportedly told a summit in Beijing “that ‘illegal’ financing

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Blockchain Policy Development in China Concentrated in Three Cities

Beijing, Shanghai and Guangzhou — or BeiShangGuang — has become the most concentrated area of ​​relevant blockchain legislation and policy in China, reports local finance publication Securities Daily Dec. 7.The Chinese securities newspaper has analyzed blockchain-related policies introduced throughout the country in the recent years, and concluded that there are

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Taiwan is Tightening Regulations on Crypto Exchanges, Possible Pressure From China?

On November 2, Taiwan officially tightened anti-money laundering (AML) policies targeted at crypto exchanges, requesting exchanges to monitor and prevent any illegal transaction processed using digital assets.According to the newly drafted Money Laundering Control Act and Terrorism Financing Prevention Act approved by the Legislative Yuan, one of the five branches

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Hong Kong Crypto Trader: China Crackdown On Bitcoin Is Overstated

China’s Crackdown On Crypto Has Been “Very Shallow” Since Bitcoin’s run-up in 2017, many have bashed China for its rapid shift to be averse towards this innovation, with cryptocurrency proponents quickly bashing the nation for its close-mindedness. However, this seemingly changed, when Michael Gu, the showrunner at crypto-centric media source BoxMining, sat

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Huobi Plays Party Line In China, Creates Communist Committee

What do Bitcoin and communism have in common? Huobi.The world’s third largest digital assets exchange has set up a Communist Party committee via its $2.9 million-subsidiary, Beijing Lianhuo Information Service, reported the South China Morning Post.The decision comes under the garb of a political charter given by the Chinese Communist Party to

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