Tag: Chinese

Chinese Police Seize Thousands of Miners, Arrest Dozens of Scammers

Chinese Police Seize Thousands of Miners, Arrest Dozens of Scammers In the last couple of days, Chinese media have reported on police forces in one province of the vast Asian country seizing close to 7,000 mining rigs using stolen electricity and in another province arresting 72 multi-level marketing scheme operators […]

Chinese Regulators Question 8 Crypto Companies in Shenzhen

Chinese Regulators Question 8 Crypto Companies in Shenzhen Authorities in Shenzhen have started pressuring crypto businesses operating in China’s tech capital. Eight companies, two suspected operators of trading platforms, and six entities allegedly associated with coin offerings, have been placed under inquiry, Chinese media revealed, with authorities reportedly questioning their […]

Chinese Authorities Scrutinize and Report on Crypto Exchanges

Chinese Authorities Scrutinize and Report on Crypto Exchanges According to a notice issued on weibo.com, and later confirmed as authentic by business publication Caixin, authorities in Shanghai appear to have dispatched officials for conducting reviews of area businesses engaged in cryptocurrency dealings, and are set to report back to financial […]

Chinese Communist Party Reportedly Filling Roles at Top Exchange Huobi

Chinese Communist Party Reportedly Filling Roles at Top Exchange Huobi A source has reported to news.Bitcoin.com that the Chinese government is attempting to directly manage the crypto exchange industry in the country. According to the source, this could lead to frozen assets for U.S. account holders and others. Notably, Huobi […]