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China

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07 Mar 23

China to push reforms with new financial watchdog

China will establish a new federal financial regulatory body to replace its current banking and insurance watchdog, following plans for developing a national data bureau unveiled recently. The legislature may vote on reforms soon According to the proposal for financial regulation made to the Chinese parliament at its annual session, the State Council would oversee […]

China

10 Feb 23

Huobi to expand in HK, anticipates loose China crypto stance

The Huobi crypto exchange plans to increase its presence in Hong Kong, believing that the city’s pro-crypto tilt could signal an eventual relaxation of mainland China’s longstanding ban on digital assets. The information was conveyed by Justin Sun, an advisor at Huobi, in an interview on Bloomberg TV. According to Sun, Hong Kong was one […]

China

30 Jan 23

Justin Sun claims China will implement crypto regulations through tax policies

According to Justin Sun, China is moving towards crypto legitimacy by imposing a tax on crypto transactions. The move signifies that the Chinese government views crypto assets as a legitimate wealth source and storage vehicle. China’s crypto transaction tax policy Justin Sun, head of crypto exchange Huobi and Tron founder, announced that China was taking […]

China

25 Jan 23

Controversy surrounds crypto adoption in China

According to recent reports, there are still controversies based on improving tax integration of the crypto ecosphere in China. This is due to research and data collection from the state’s revenue authorities, who are against the assets and believe they are risk factors. Crypto to be implemented in tax collection Chinese revenue authorities are reportedly […]

China

10 Jan 23

China could be coming back to crypto

According to CryptoQuant, China is set to return to the digital currency environment. The country is showing significant signs of a crypto market comeback, like BTC derivatives and spot markets. Crypto to make a comeback in China According to CryptoQuant.com, an onchain analytics and data insights firm, China has displayed massive indicators to kick back […]

Blockchain

29 Dec 22

digital yuan not widely used in China

According to Xie Ping, a former official of the People’s Bank of China (PBoC), the digital yuan is underused by the Chinese. As reported by financial news source Caixin, The former PBoC official, Xie Ping, said at a conference that the digital yuan’s application needed to be expanded after he told the media he was […]

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22 Dec 22

China closely watching Hong Kong’s crypto policies

Tron’s founder Justin Sun said on Wednesday that Chinese authorities are keeping an eye on Hong Kong’s efforts to establish the city as a leading Asian cryptocurrency hub as a policy test for the mainland. Hong Kong outlines strategies for crypto adoption China has maintained its severe crackdown on cryptocurrencies, including banning initial coin offerings […]

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