Changpeng Zhao Believes China Will Build BTC Reserves
Former Binance CEO Changpeng Zhao predicts that China could enter the Bitcoin reserve competition in response to Trump’s plan to create a national Bitcoin stockpile.
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Arthur Hayes: Hong Kong and China Should Soften Crypto Policy
The return of digital currencies to the bullish zone is possible if the authorities of China and Hong Kong soften their policy towards this industry.
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People’s Bank of China: The Volume of Transactions with e-CNY Exceeds $14B
According to the regulator, the volume of transactions using the token has already exceeded 100 billion yuan ($14 billion) at the pilot stage.
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Chinese Miners Control Over 22% of Bitcoin Hashrate
The Cambridge Center for Alternative Finance (CCAF) has found that in spite of the crackdown on mining companies, China still controls more than 22% of the asset’s hashrate.
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Chinese Court Recognizes Bitcoin as Property Under the Protection of the Law
The Shanghai High Court has classified Bitcoin as a virtual asset with legally protected economic value.
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Chinese Banks are Developing Digital Yuan to Fiat Conversion
Chinese banks are exploring new ways by which yuan users can earn interest on their assets in the form of a digital currency of the central bank at the expense of tools.
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