Despite a 2021 ban, China’s central bank has warned that cryptocurrency trading is back with new challenges emerging. The People’s Bank of China (PBoC) specifically targets stablecoin usage […]
Guangzhou Court Clarifies Legal Stance on Virtual Property: New Classifications and Implications for Crypto
The Guangzhou Internet Court has provided crucial clarity regarding the legal status of virtual property in China, outlining distinct classifications based on their nature. Their April 26 briefing […]
Bitcoin Suffers Drop Amidst China’s Latest Crypto Crackdown
China has intensified its regulatory efforts against cryptocurrencies, resulting in a significant drop for Bitcoin. The Chinese government announced stricter rules targeting cryptocurrency operations, leading to market volatility […]