digital currency

China Bans Cryptocurrency Transactions and Mining

On Friday, Chinese regulators announced a nationwide ban on cryptocurrency transactions and cryptocurrency mining. The culmination of a years-long crackdown, the move was meant to close loopholes in previous attempts to regulate...

With Ant IPO Looming, Speculation About Company’s Future

Chinese financial services giant Ant Co. is set to go public next Thursday with record-breaking IPOs in Hong Kong and Shanghai. A financial technology business spun out from Alibaba, it is expected to raise at least $30 billion...

China’s Digital Currency Development Picks Up Speed

This week, Shenzhen’s government announced the rollout of one of the largest real-world trials of China’s fledgling new digital currency. The announcement came at the same time that Xi Jinping visited Shenzhen, where he laid out...

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