Tag: China

China Freezes Thousands of Bank Accounts Tied to OTC Crypto Trading

China will always remain a controversial country when it comes to handling cryptocurrencies. This is primarily due to all of the illicit activities taking place within its borders.  In a new crackdown against illegal crypto money streams, the Chinese government has taken a different approach. China Targets Crypto Bank Accounts Rather than collecting data for a future investigation, thousands of bank accounts have been frozen in recent weeks. All accounts …
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Chinese Blockchain Firm Gets Blacklisted for Exporting Problematic Coronavirus Face Masks

Many blockchain firms and projects try to gain relevance during the coronavirus crisis. One blockchain firm in China can no longer sell medical supplies by order of the government. Companies are scrambling to play their part during the coronavirus pandemic. Blockchain Firm in China Gets Blacklisted That is often much easier said than done, however. Blockchain firms usually become of relevance due to their technical expertise and infrastructure. For Tus …
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Coronavirus Crisis Won’t Delay China’s Blockchain Network Launch

China is one of the first countries to seemingly recover from the coronavirus crisis. In fact, it would appear that the national blockchain network launch will still go ahead as planned, which is rather surprising. China has made its blockchain ambitions very clear in recent months.  China’s Blockchain Project is Still Alive The country will contribute several million to its national DLT network. Many expect the coronavirus crisis to delay …
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Can China’s Economy Bounce Back from Coronavirus?

Source: Unsplash As cases of the COVID-19 virus have continued to rise in every corner of the world, the economic costs have quickly become just as apparent as the human costs, the true extent of which we will likely not know in full for a long time. Entire industries such as travel and tourism are grinding to an almost complete halt, whilst major employers across all industries are either considering …
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