The Chinese government is continuing its crackdown on crypto mining by suspending operations in yet another province. According to local news agency Hefei Online, authorities in Anhui, a small province in eastern China, have announced a set of measures to address rising electricity demand and a resulting power supply shortage over the next three years. Anhui […]
Central Bank of China deputy director Mr. Mu Changchun announces in his recent media interaction that Digital Yuan will be different from Bitcoin and Stablecoins. According to the South China Morning Post, China’s national digital currency would be a digital form of the Yuan. The head of the digital currency research institute at the People’s […]
On May 17, Dovey Wan, a founding partner at Primitive Ventures, an investment firm notes on a blog post that the Blockchain-empowered Yuan may permit the supervision of China. It may enable the government to have a great administration over both home and overseas economies. Albeit, the Chinese government has put restrictions over the cryptocurrencies […]
JD. com, the giant e-commerce retailer of China, has recently announced that it is interested in exploring the blockchain sector and its usages in various industries. And for the same, the firm has collaborated with NJIT’s Ying Wu College of Computing through Institute of Software at the Chinese Academy of Sciences for developing the Blockchain Research Lab.
Recently, the Chinese Government has drafted a new policy which will certainly eliminate the two fundamental advantages of Blockchain – Privacy and Anonymity. The policy says the users will have to put their real names and national ID numbers to register for a blockchain service.