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Bitcoin, a form of digital e-money stored in a virtual wallet, came to the Chinese public eye in April.The "currency" has been heating up ever since and its price once rose from 3,000 yuan to nearly 7,000 yuan in weeks. The US Senate recently described Bitcoin as a "legitimate financial service".
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  • By Zhu Lingqing( 17:22

    While Initial Coin Offerings (ICO) have been banned by Chinese authorities since Sept 4, experts, scholars, and companies from more than 40 countries gathered at a workshop in Beijing, the country's capital city, from Thursday to Friday, to chart a course for digital fiat currency issued by central ...

  • By Wang Yanfei(China Daily)2017-10-14 09:10

    The People's Bank of China (PBOC) is seen in this photo taken on June 12 in Beijing. [Photo/Xinhua]The People's Bank of China, China's central bank, has completed trial runs on the algorithms needed for digital currency supply, taking it a step closer to addressing the technological challenges assoc...

  • By Luo Jie(China Daily)2017-10-13 08:01

  • (China Daily)2017-09-29 09:22

    Events and stories coming up in the next few days NBS to release key gauge of manufacturing activity On Friday, the National Bureau of Statistics will release the purchasing managers' index for September. The index is an indicator of manufacturing activity. The manufacturing PMI came in at 51.7 last...

  • By Wu Yiyao In Shanghai(China Daily)2017-09-28 07:21

    BTC China, one of China's largest online cryptocurrency trading platforms, ended its top-up business at noon on Wednesday, and said it would cease all transactions from noon on Saturday. The platform said in a statement that the moves are to meet the requirements of a joint announcement by seven gov...

  • By Harvey Morris(China Daily)2017-09-23 08:33

    Trading volume on China's major Bitcoin exchanges has plunged in the past week, since authorities tightened regulation of the digital currency. [Photo/VCG]By putting restrictions on the trading of the online crypto-currencies generically known as bitcoin, China appears to have moved ahead of the cur...

  • (Xinhua)2017-09-19 17:08

    BEIJING - Chinese regulators are taking steps to shut down the country's cryptocurrency exchanges and ban trading of digital cryptocurrency to rein in financial risks. All Beijing-based cryptocurrency exchanges had to halt new user registration by midnight on Sept 15 and publicly notify users when t...

  • (China Daily)2017-09-19 08:03

    Preventing financial risks is of great significance to social and economic stability and security. To address the potential hazards and financial risks they pose, China's financial regulators tightened their regulation of digital currencies recently. The People's Bank of China, China's central bank,...

  • By Chen Jia(China Daily)2017-09-19 07:42

    Cryptocurrency had been channel to transfer personal assets overseas China's crackdown on bitcoin exchanges is a sign that the top regulator no longer tolerates cryptocurrency trading in the country as it has fueled illegal fundraising and cross-border money laundering, experts told China Daily. Two...

  • ( 13:45

    Trading volume on China's major Bitcoin exchanges has plunged in the past week, since authorities tightened regulation of the digital currency. [Photo/VCG]Chinese Bitcoin exchanges including BTCChina and ViaBTC announced one after another to close all the transactions by the end of September, as ord...

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