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China s digital yuan charms users at Beijing Winter Olympics

China s digital currency, the e-CNY, has shown more charm thanks to 400,000 eye-catching application scenarios and multiple trail activities at the ongoing Beijing 2022 Winter Olympic Games, which analysts say paves the way for a further large-scale national rollout and cross-border application.

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Bitcoin prices surge despite China s crackdown on cryptocurrency mining

Bitcoin prices surge despite China s crackdown on cryptocurrency mining
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Breaking News | Chinese Local Government Mulls Crackdown On Bitcoin Mining

Inside a Bitcoin mining factory Photo: AFP Officials in Southwest China’s Sichuan Province, a major base for cryptocurrency mining, are apparently mulling more actions against mining operations of Bitcoin and other cryptocurrencies, as they were scheduled to convene a meeting on Wednesday to solicit suggestions from industry players. The latest efforts by Sichuan local officials come as local governments across the country are ramping up crackdown on cryptocurrency mining, as part of a swift nationwide campaign. The campaign raised questions and concerns over whether Bitcoin mines will vanish entirely from China, which at the peak accounted for 70-80 percent of the world’s Bitcoin computing power.

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