Tag

Bitcoin

Feature

Beijing's complicated relationship with crypto

Digital assets and blockchain-based financial services have the potential to cause a major shift in the global financial world. However, Beijing is particularly concerned about crypto mining due to its high power demand. The leadership is announcing new measures against mining and threatening to raise prices. But Beijing can't quite let go of digital currencies – and continues to allow companies like Huobi to participate in the crypto boom.

By Frank Sieren

Opinion

Beijing's ambitious digital renminbi plans

The Chinese government is working at full speed on the "money of the future" – the digital renminbi. They do not want to leave the field to commercial payment providers and want to retain access to valuable data on payment flows. The US central bank, the Fed, has seen a little rush to introduce an e-currency so far. The ECB, on the other hand, wants to decide on the e-euro this summer but still has some problems.

By Redaktion Table

Feature

Bitcoin mines are forced to close by the dozen

Bitcoin is a natural enemy of China's financial controls, which are as seamless as possible. After the ban on crypto trading platforms four years ago, the power is now being cut off to miners in more and more provinces. Now, many companies flee the People's Republic and look for new locations abroad.

By Redaktion Table