China has ordered payment platform Alipay and domestic banks to not provide services linked to trading of virtual currencies.
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Recent Posts
Bitcoin falls to 2-week low as Crypto faces China’s backlash
Bitcoin tumbles 8% after China steps up crackdown on crypto mining, shutting down 26 key sites in Sichuan
Sichuan authorities have ordered bitcoin miners to “clean up and terminate” their operations, according to media reports.
China’s Bairong Launches Share Repurchase and Stock Incentive Schemes
Bairong Inc (“Bairong” or “the Company”; 6608.HK), a leading independent AI-powered technology platform in China, has initiated a share repurchase plan and adopted a stock award scheme in a move that …
Bitcoin Falls to Two-Week Low as China Cracks Down on Crypto
Bitcoin fell to a two-week low amid an intensifying cryptocurrency crackdown in China.The largest virtual currency fell 11% to $31,886 as of 7:26 a.m. in New York. Ether declined 15% to $1,910.China …
Sales Associate Live Streaming Has Become A Must-Have For Brands In China
Brands in China have shifted away from costly influencer collaborations, training sales associates to become their in-house live streamers – and its driving results.
How China broke the Asian model
What do you think is unique about the China model?” That was the question posed to me by a television reporter, last time I was in Beijing. My answer was that I don’t think there…
China reforms bank deposit rate system to unleash liquidity for small businesses
The People’s Bank of China (PBOC) has changed the way banks calculate deposit rates, lowering fundraising costs for financial institutions to ensure liquidity for small businesses.
Ag exports to China could continue to climb
Former ag trade negotiator Gregg Doud shares his insight on future ag export potential to China. China’s demand for meat and grain will continue, helping to fuel higher U.S. commodity prices, says …
China’s Trade Relationship with its Neighboring Countries: A Snapshot
A brief look at China’s trade relationship with its 14 neighbor countries, including top import and export items, trade balance, and applicable FTAs/DTA.
How Energy Intensity Clouds Blockchain’s Future
If blockchain is ever to fulfill its potential as a reliable way of recording key business transactions, it’s going to have to burn a lot less energy that it does today.
Ether Drops Below $2K, Bitcoin Wilts as Agricultural Bank of China Reiterates Crypto Ban
Bitcoin, ether, and other cryptocurrencies are trading in the red after the Agricultural Bank of China reiterated its ban on crypto in a now-deleted statement. Ether, the second-largest cryptocurrency …
Amazon, Apple most valuable brands but China’s rising – Kantar survey
Amazon (AMZN.O) and Apple (AAPL.O) are the world’s most valuable brands but Chinese brands are rising up the leaders list and are more valuable than Europe’s top brands, according to a global ranking …
China’s PBOC Orders Alipay, Banks Not to Assist Crypto Business
China said Monday it had ordered domestic banks and Ant Group Co. payment platform Alipay not to provide services linked to trading of virtual currencies, tightening the reins on the cryptocurrency …
