US Senator: China's Digital Currency Could Subvert US Sanctions, Enhance Surveillance Capabilities

US Senator: China’s Digital Currency Could Subvert US Sanctions, Enhance Surveillance Capabilities

A U.S. senator has warned about China’s central bank digital currency. “Analysts have raised the eCNY’s potential to subvert U.S. sanctions, facilitate illicit money flows, enhance China’s surveillance capabilities, and provide Beijing... Read more »
China’s Hainan Province Ramps Up Crackdown on Crypto Mining Operations

China’s Hainan Province Ramps Up Crackdown on Crypto Mining Operations

The province of Hainan in South China has taken steps aimed at curbing crypto mining activities. Besides blacklisting the industry, local authorities are also introducing higher electricity rates for the mining enterprises... Read more »
China's Digital Currency Used in Transactions Worth $10 Billion, 140 Million People Have Digital Yuan Wallets

China’s Digital Currency Used in Transactions Worth $10 Billion, 140 Million People Have Digital Yuan Wallets

China’s central bank digital currency (CBDC), the digital yuan, has been used in transactions worth nearly $10 billion, according to an official with the Chinese central bank, the People’s Bank of China... Read more »
Geographical Circulation Information Reveals United States Takes Leading Bitcoin Mining Position After China's Crackdown

Geographical Circulation Information Reveals United States Takes Leading Bitcoin Mining Position After China’s Crackdown

After China has actually ruled for a variety of successive years as the dominant bitcoin mining center of the world, the United States has actually “taken the leading position in bitcoin mining,”... Read more »
DeFi tokens SUSHI, SNX, UNI become winners after China's crypto crackdown

DeFi tokens SUSHI, SNX, UNI become winners after China’s crypto crackdown

A little over a week earlier, China restored its hostilities towards the crypto market as it stated all crypto deals within its jurisdiction “prohibited.” This brand-new policy, while it has actually had... Read more »