why is china becoming critical of cryptocurrency

Last Updated on March 3, 2024 by Paganoto

China is cracking down on crypto again – CNBC

China is cracking down on crypto again – CNBC

This time, the Chinese government is likely motivated by the development of its digital yuan and central bank digital currency, Demirors says.

Currency and control: why China wants to undermine bitcoin

Currency and control: why China wants to undermine bitcoin

In May, the PBOC banned banks from doing business or providing accounts for anyone trading in cryptocurrencies.

Why China's kicking out the crypto miners

Why China's kicking out the crypto miners

China has been upping its regulatory squeeze on cryptocurrencies for some time, but it now looks likely that over 90% of Bitcoin mining capacity …

What's behind China's cryptocurrency ban?

What's behind China's cryptocurrency ban?

The People’s Bank of China argues that its ban on cryptocurrencies is to curtail financial crime and prevent economic instability. However, …

Will China's Ban Hurt Cryptocurrencies?

Will China's Ban Hurt Cryptocurrencies?

Kevin Werbach: It was not surprising at all. China has been strictly regulating and limiting cryptocurrency activity for a number of years. In …

China Creates Its Own Digital Currency, a First for Major …

China Creates Its Own Digital Currency, a First for Major …

A cyber yuan stands to give Beijing power to track spending in real time, plus money that isn’t linked to the dollar-dominated global financial …

What Will Be the Impact of China's State-Sponsored Digital …

What Will Be the Impact of China's State-Sponsored Digital …

China’s new digital currency, the e-CNY, could give Beijing valuable information about financial transactions and be used by Chinese firms to …

China Intensifies Cryptocurrency Crackdown – Lawfare

China Intensifies Cryptocurrency Crackdown – Lawfare

On Sept. 24, China announced a blanket prohibition on all cryptocurrency transactions and mining. Citing concern for national security and “ …

Why China is getting tough on crypto – Tech Xplore

Why China is getting tough on crypto – Tech Xplore

China is increasingly cracking down on bitcoin and cryptocurrency, fearing the proliferation of illicit investments and fundraising.

China's digital yuan shows why we still need cryptocurrencies …

China's digital yuan shows why we still need cryptocurrencies …

Fanusie said the Chinese government can already go to the payment companies and get the data, but with the digital yuan, they won’t need to take …