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Chinese Gov’t Sets Up a Committee for Blockchain and DLT Standards

The Chinese government and its federal authorities are getting increasingly involved in the blockchain space to push forward innovation throughout the country. In the latest, the government released an official notice stating that they have put together a technical committee of 15 organizations to devise national standards for blockchain and

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Chinese Blockchain Investment on the Rise, but Comparison to US Is Apples to Oranges

China is rapidly catching up to the United States with regard to blockchain-related investments, according to a recent report put together by New York-based research firm CB Insights.The researchers found that the East Asian country accounted for 22% of blockchain investments in 2019, compared to 31% for the U.S.

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Chinese Gov’t Seeks Feedback on Data Security Standards for Blockchain, IT

China’s Ministry of Industry and Information Technology has called for feedback on draft guidance for standardizing data security in blockchain and other emerging technologies.In a document published on April 10, the ministry argued that data has become a “national basic strategic resource” and innovative element in social production. While the

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Chinese Blockchain Project Awards $1M to Third-Party Developers

On April 9, Nervos (CKB), a public blockchain network, awarded $1 million dollars to several teams working on enhancements to its infrastructure. This represents the first of numerous upcoming payouts from the network’s previously announced $30M development fund.$100 M ICO — $30 M development fundIn 2018, Nervos completed a

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Chinese Regulator Accuses Crypto Exchanges of Fraudulent Volumes

The National Internet Finance Association of China (NIFA) warned investors that cryptocurrency exchanges located outside of the country are engaged in manipulative practices on April 2.The People’s Bank of China (PBoC)-affiliated regulator cautioned investors that many off-shore exchanges wash trade to fake trade volume and engage in underhanded tactics

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US Government Sanctions Two Chinese Nationals in Connection With Lazarus Group Hack

The U.S. Department of the Treasury’s Office of Foreign Assets Control (OFAC) sanctioned two Chinese nationals accused of laundering cryptocurrency that was stolen in a 2018 crypto exchange hack. At the same time, the Department of Justice announced an indictment for money laundering against the same two individuals.Their activity

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