Ant Financial, the payments affiliate of Alibaba, is cooperating with Chinese regulators to scrutinize peer-to-peer cryptocurrency trading on its Alipay mobile app.
Chinese President Xi Jinping has acknowledged the potential of blockchain in a speech this week, endorsing the nascent technology for the first time in public.
Chinese state media outlet, Voice of China, has published reports criticizing the efforts of Chinese cryptocurrency exchanges and initial coin offerings (ICOs) to continue operations in spite of the central government’s 2017 crackdown.
The cryptocurrency and initial token sale ban wasn't effective for China so now this country looks for new ways to invest in crypto
Since its inception about 10 years ago, 2017 has undoubtedly been a busier year for the whole cryptocurrency market. And as China awaits a new year – the Year of the Dog, looking back at all that happened to cryptocurrency is worth it.