Here are three reasons why the stablecoin's tremendous growth has screeched to a halt.
The PBOC also said the central bank digital currency will be compatible with smart contracts.
CoinWorld said it is shutting down its operations effective immediately.
China's share of mining slid to 46% in April 2021 from 75% in September 2019.
Crypto in China might be under unprecedented government pressure, but the opposite is true of blockchain technology.
Despite a crackdown on crypto mining, Chinese authorities are still bullish on blockchain technology.
Plus: China’s Bitcoin crackdown, and why bitcoin isn’t a “boomer coin.”
Crypto mining is a small yet easy target for China’s efforts to realize carbon neutrality.
“We expect volatility to remain under pressure until mid [to] late August,” said one trading firm.
China's leaders say it's about all cybersecurity, but some observers see financial control as the larger goal.
As China cracks down on the crypto field, Taiwan could be an alternative destination for crypto entities but can crypto thrive in Taiwan?
Global stablecoins "may bring risks and challenges to the international monetary system," said PBOC's Fan Yifei.
The number of listings on China's most prominent marketplace apps has increased in the last month and a half.
Chinese autocracy cut off the ride-hailing giant at the knees. But tech centralization leaves tech companies worldwide just as vulnerable.
Bitcoin fell from $35,100 to nearly $34,000 after the news started doing the rounds on Twitter.