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Blockchain Policy Development in China Concentrated in Three Cities

Blockchain Policy Development in China Concentrated in Three Cities

Beijing, Shanghai, and Guangzhou — or BeiShangGuang — has become the most concentrated area of relevant blockchain legislation and policy in China, reports local finance publication Securities Daily Dec. 7. The Chinese securities newspaper has analyzed blockchain-related policies introduced throughout the country in recent years and concluded that there are 32 blockchain-related policies within the country. Meanwhile, 11 projects are concentrated...

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Individuals and Businesses in China Can Now Own and Transfer Bitcoin Legally

Individuals and Businesses in China Can Now Own and Transfer Bitcoin Legally

Chinese ban is not a problem anymore, as the Shenzhen Court of International Arbitration has recently recognized Bitcoin as a legal property. Chinese crypto ban is already in the past, with the recent news reported by CnLedger, a trusted cryptocurrency news source in China, according to which cryptocurrencies have been legally accepted as a payment method...

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China’s Internet Censor Releases Draft Regulation for Blockchain Startups

China’s Internet Censor Releases Draft Regulation for Blockchain Startups

China’s top-level internet censorship agency has set out how it plans to regulate blockchain-related service providers in the country. The Cyberspace Administration of China (CAC) published a draft policy on Friday, called “The Regulation for Managing Blockchain Information Services” and is now looking for public feedback before it will take effect. The rules, if enacted, would apply...

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EOS’ Grand Governance Experiment Has a New Enemy: China’s Great Firewall

EOS’ Grand Governance Experiment Has a New Enemy: China’s Great Firewall

Distributed though it may be, the EOS community has fought hard to remain united. As of June, two rival groups were briefly in competition to launch the official EOS blockchain (or main net) using code released by the company behind the protocol, Block. One. The standoff was resolved, and the EOS community launched a unified network later that...

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Cryptocurrency Investment Loss Case Denied By Chinese People’s Court

Cryptocurrency Investment Loss Case Denied By Chinese People’s Court

“The loss caused by entrusting others to invest in digital currency” is your own fault. Chinese Law does not cover cryptocurrency losses. At the beginning of June 2017, the plaintiff Li said that the defendant Jin is the person in charge of the cryptocurrency DK coin investment project in the Philippines. The plaintiff, Li, believed...

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China: Supreme Court Endorse Blockchain Records As Legitimate Evidence

China: Supreme Court Endorse Blockchain Records As Legitimate Evidence

Chinese Supreme Court has ruled that evidence authenticated with blockchain technology is now admissible in court as authorities step up measures to handle Internet-related legal disputes. According to an official announcement released on Friday, September 7, electronic data recorded on a blockchain can now be submitted as evidence in legal disputes in China. This is part of...

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China Extends Crypto-Related Promotion Ban Beyond the Capital

China Extends Crypto-Related Promotion Ban Beyond the Capital

China’s anti-crypto onslaught continues, as a prohibition against commercial venues from hosting crypto-related events has been extended to Guangzhou Development District. Guangzhou Development District is a special economic zone in southern China, close to Hong Kong. The district’s Financial Development Bureau reportedly issued a notice of the new ban August 24, warning of the need...

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Chinese Internet Giants Shut Cryptocurrency Online Forums and Transactions

Chinese Internet Giants Shut Cryptocurrency Online Forums and Transactions

Baidu, Alibaba and Tencent block cryptocurrency-related activities on their platforms amid Beijing’s intensifying crackdown on digital money.   BAT take quick actions China’s top three tech companies, Baidu, Alibaba and Tencent known as BAT in China, are moving fast to keep pace with regulators amid Beijing’s latest crackdown on cryptocurrencies. Baidu, China’s Google, has shut...

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China Continues to Clamp Down on Cryptocurrencies

China Continues to Clamp Down on Cryptocurrencies

China has shut down numerous blockchain-related news accounts on the WeChat social app and banned hotels in downtown Beijing from hosting events promoting cryptocurrencies, in a renewed crackdown on activities related to the digital money.   Shut down blockchain news accounts At least eight blockchain and cryptocurrency-focused online media outlets – some of which raised...

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Crypto Media Banned from WeChat in Sudden Online Sweep

Crypto Media Banned from WeChat in Sudden Online Sweep

Blockchain and cryptocurrency media accounts in China have been banned on WeChat, the messenger app owned by Tencent. As first observed by Lanjiner, a China-based finance news outlet, among those affected are Jinse, which is backed by Node Capital, and Deepchain, a site supported by several token funds. At press time, on Jinse’s official Wechat...

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