News
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.
China crackdown: Week 7
The summer of crackdowns continued this week, making it seven weeks since the initial announcement on May 18 that virtual currencies were a risky investment and financial institutions should not provide services for them. The crackdown appears to be having a desired effect as public interest in the asset class is cooling. This is evident by 90-day lows on WeChat searches for the word Bitcoin over the past weekend, although this was a trend mirrored on worldwide Google searches as well.