Beijing Financial News

14.07 / 13:53

regulation Tencent Beijing Tencent shuts down NFT platform as gov policy makes it impossible to thrive

China’s internet giant Tencent has reportedly shut down one of the two nonfungible token (NFT) platforms owing to declining sales aided by the regressive monetary policies of the Chinese government.

08.03 / 15:09

Mining regulation Beijing Chinese police busts illegal crypto mining farm, seizes 190 miners

The Guangdong province’s Development and Reform Commission has reportedly busted an illegal crypto mining farm secretly operating in an electric vehicle charging station.

03.03 / 16:35

Central Bank Beijing Bitcoin Bitcoin Transactions China's share in Bitcoin transactions declined 80% post crackdown: PBoC

People’s Bank of China, the central bank of the country, claimed in a recent note that China's share in the global Bitcoin (BTC) transactions has rapidly dropped from over 90% to 10%.

28.02 / 12:47

Ban Beijing Bitcoin network Bitcoin Network Bitcoin network's carbon emission jumped 17% after China ban: Report

Bitcoin network’s proof-of-work mining consensus has been a topic of evironmental, social and governance (ESG) debates for a long time and a new study may only add to the growing controversy around BTC's carbon footprint.

24.02 / 15:57

Crowdfunding Court Beijing China's Supreme Court adds digital currency to list of illegal fundraising methods

China’s hardline policy on crypto took another turn on Thursday as the Supreme Court of the country revised its judicial interpretation for illegal fundraising to include digital currency transactions.

31.12 / 12:33

Blockchain Adoption Beijing Shanghai includes Metaverse in its development plan

Shanghai, China's most crowded city, is looking for ways to use metaverse in public services over the next five years.

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