Beijing

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Beijing Police Arrest Counterfeiting Gang Using Cryptocurrency

Beijing Police Arrest Counterfeiting Gang Using Cryptocurrency

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Beijing police have arrested a counterfeiting gang that emerged in the 2000s and engaged in transactions using cryptocurrency. The operation reportedly involved sophisticated methods to produce counterfeit goods. Authorities believe the gang exploited digital currencies to facilitate their illegal activities and avoid detection. The arrests come as part of a broader crackdown on counterfeit operations […]

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People’s Bank of China Establishes Digital Currency Research Institute

People’s Bank of China Establishes Digital Currency Research Institute

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The People’s Bank of China has launched a Digital Currency Research Institute in Beijing to focus on the development of digital currency. This initiative aims to enhance the bank’s research capabilities in the field of digital currency and improve its understanding of the technology. The establishment of the institute reflects the growing importance of digital

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Hong Kongs Stablecoin Dreams Quashed by Beijing, Reports FT

Hong Kongs Stablecoin Dreams Quashed by Beijing, Reports FT

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Beijing Halts Tech Giants’ Stablecoin Ambitions in Hong Kong: Insight and Implications In an assertive move that underlines the Chinese government’s cautious approach towards digital currencies, Beijing has directed tech giants to put a pause on the launch and expansion of their stablecoin projects in Hong Kong, as reported by the Financial Times. This decision

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Ant and JD Pause Hong Kong Stablecoins: Beijing Pulls the Plug

Ant and JD Pause Hong Kong Stablecoins: Beijing Pulls the Plug

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Beijing Pulls the Plug: Ant and JD Halt Hong Kong Stablecoins In a move that reverberates across the financial and cryptocurrency sectors, Chinese tech giants Ant Group and JD.com have suspended their stablecoin projects in Hong Kong. This decision follows close governmental scrutiny and reflects Beijing’s continuing conservative stance on digital currencies that compete with

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