Written by: ( September 27, 2022 )
Recently, authorities in China’s Hunan Province busted a criminal group using cryptocurrency to launder $5.6 billion as part of a larger illegal gambling operation. The country has a long-standing ban on all forms of gambling, except in its special administrative region of Macau. It also banned cryptocurrency trading a year ago. Police in Hengyang, located […]
Written by: ( September 24, 2021 )
China’s top regulators escalated the country’s crackdown on cryptocurrency today, introducing a sweeping restriction on all cryptocurrency exchanges and mining. They hit Bitcoin (BTC) and other significant coins and constrained crypto and blockchain-related stocks; however, forgot to include one. The country isn’t stopping the introduction of its own central bank digital currency (CBDC). Ten offices, […]
Written by: ( July 2, 2021 )
Huobi Global, the world’s second-largest cryptocurrency trading platform in terms of exchanged volume, has presented a 24-hour token withdrawal delay for all over-the-counter (OTC) exchanges. The decision hits hard all Huobi clients, some of whom will, in addition, be kept from pulling out their tokens for up to a day and a half if the […]