Top 9 china bitcoin crackdown in 2023

Author: www.reuters.com

Date Submitted: 06/14/2020 02:35 PM

Average star voting: 3 ⭐ ( 29699 reviews)

Summary: China’s most powerful regulators on Friday intensified a crackdown on cryptocurrencies with a blanket ban on all crypto transactions and mining, hitting bitcoin and other major coins and pressuring crypto and blockchain-related stocks.

Match with the search results: China’s most powerful regulators on Friday intensified a crackdown on cryptocurrencies with a blanket ban on all crypto transactions and ……. read more

Author: www.japantimes.co.jp

Date Submitted: 07/16/2021 03:39 AM

Average star voting: 5 ⭐ ( 77289 reviews)

Summary: Beijing’s move to banish cryptocurrency trading and mining seemed poised to snuff out the entire domestic industry, but that’s not how things turned out.

Match with the search results: Beijing’s move to banish cryptocurrency trading and mining, announced in September 2021, seemed poised to snuff out the entire domestic industry ……. read more

Author: www.cnbc.com

Date Submitted: 10/09/2019 07:49 PM

Average star voting: 3 ⭐ ( 75800 reviews)

Summary: The city’s digital asset push stands in contrast with the mainland, where Beijing has effectively banned trading and stamped out crypto-related activities.

Match with the search results: In spite of the turmoil, Hong Kong is pushing to become a virtual asset hub. This comes as a stark contrast to China’s ban on cryptocurrency ……. read more

Author: www.bbc.com

Date Submitted: 09/01/2022 07:13 PM

Average star voting: 4 ⭐ ( 81378 reviews)

Summary: Bitcoin mining is approaching a near complete recovery since China’s crackdown on the crypto industry earlier this year

Match with the search results: China’s central bank has announced that all transactions of crypto-currencies are illegal, effectively banning digital tokens such as Bitcoin. ” ……. read more

Author: fortune.com

Date Submitted: 04/21/2021 11:11 AM

Average star voting: 5 ⭐ ( 88741 reviews)

Summary: Chinese authorities are ramping up a crackdown on crypto mining, calling it an “extremely harmful” practice that threatens to jeopardize the country’s efforts to reduce carbon emissions.

Match with the search results: The crackdown in China was spurred by Bitcoin miners’ use of energy from illicit coal extraction, which supplied around 63% of the energy used ……. read more

Author: www.cnn.com

Date Submitted: 04/06/2019 04:07 AM

Average star voting: 4 ⭐ ( 24461 reviews)

Summary: News, analysis and comment from the Financial Times, the worldʼs leading global business publication

Match with the search results: Chinese authorities are ramping up a crackdown on crypto mining, calling it an “extremely harmful” practice that threatens to jeopardize the ……. read more

Author: www.ft.com

Date Submitted: 12/09/2020 09:26 AM

Average star voting: 3 ⭐ ( 22051 reviews)

Summary: China’s widespread crackdown on bitcoin has sent the hash rate plummeting and miners fleeing China, but many remain optimistic about the cryptocurrency’s future.

Match with the search results: The crackdown in China pits the unlimited power of an authoritarian government against a key selling point of cryptocurrencies — that the ……. read more

Author: www.scmp.com

Date Submitted: 02/06/2019 11:47 PM

Average star voting: 5 ⭐ ( 28380 reviews)

Summary: Mainland China recorded more than US$220 billion in total cryptocurrency transactions between June 2021 and July 2022, surpassing those of South Korea and Japan in the same period.

Match with the search results: The most immediate effect of China’s bitcoin crackdown was making the cryptocurrency a lot more affordable. In addition to sending market ……. read more

Author: www.scmp.com

Date Submitted: 02/08/2022 05:52 AM

Average star voting: 5 ⭐ ( 13700 reviews)

Summary: Fundraising with Bitcoin and other crypto is already illegal in China, but now prosecutors can issue major penalties against offenders.

Match with the search results: China back among top 10 crypto-using countries after last year’s crackdown … The latest cryptocurrency transaction data on mainland China ……. read more