Yao Qian, a prominent ‘pro-blockchain official’ in China, is under investigation by Chinese authorities for undisclosed “violations of law.” The Background Of Blockchain Advocacy And The Current Crackdown Qian, known for his pivotal role in developing China’s Central Bank Digital Currency (CBDC), has been a leading voice in the country’s blockchain initiative. Qian’s efforts were […]
China’s Bitcoin Ban Backfires: $86B Crypto Volume Soars Amid Stock Slump | Bitcoinist.com
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China’s cryptocurrency trading and mining ban hasn’t deterred local investors from flocking to the crypto market. In defiance of the ban, these investors turn to digital assets to escape the economic downturn plaguing traditional investments, such as stocks and real estate. According to a Reuters report, Chinese individuals are finding “creative” ways to participate in […]