provinces – DIGIT INFO

China to Expand Digital Yuan Testing in Pilot Cities to Provincial Level

DIGIT — Wed, 21 Sep 2022 08:30:44 +0000

China’s central bank intends to enlarge the area covered by trials of its digital yuan currency in four regions of the country. A top representative of the monetary authority announced the move while highlighting that the People’s Bank has been stepping up digitalization efforts this year. Government to Increase Digital Yuan Coverage in 4 Provinces […]

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Court Decision Voids Crypto Mining Contracts in China, Shuts Down Bitcoin Farms

DIGIT — Thu, 16 Dec 2021 13:37:17 +0000

A court in Beijing has ruled that three investment agreements for bitcoin mining operations in Sichuan are “invalid.” A compensation claim has been rejected in the case, viewed as an indication that the Chinese judiciary would not provide protection for crypto-related interests. Beijing Court Invalidates Bitcoin Mining Contracts The Chaoyang District People’s Court in the […]

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China’s Hainan Province Ramps Up Crackdown on Crypto Mining Operations

DIGIT — Sun, 05 Dec 2021 13:30:12 +0000

The province of Hainan in South China has taken steps aimed at curbing crypto mining activities. Besides blacklisting the industry, local authorities are also introducing higher electricity rates for the mining enterprises that continue to operate in the region. Hainan to Ensure Crypto Miners Pay More for Power The ongoing crackdown on cryptocurrency mining in […]

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China’s Hebei Province Begins Crackdown on Crypto Mining and Trading, Reports Reveal

DIGIT — Thu, 16 Sep 2021 07:30:40 +0000

Authorities in the Chinese province of Hebei have reportedly launched a campaign against cryptocurrency mining and trading. According to a quoted announcement by the region’s cyberspace administration, a number of government agencies are working together to prevent the use of the region’s computing power in the crypto activities which the government considers illegal. Cyberspace Watchdog […]

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Iran Counts 30 Crypto Mining Farms Licensed to Mint Digital Currencies

DIGIT — Sun, 27 Jun 2021 03:00:09 +0000

Iranian authorities have so far authorized 30 facilities for cryptocurrency mining. The crypto mining farms are spread across several regions, including Tehran Province. The government has put out the data amid a crackdown on illegal miners in the country. A Third of Authorized Mining Farms Are Based in Two Provinces The Iranian Ministry of Industries, […]

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Reports of Mining Sector Cleanup Put China’s Yunnan Province in the Spotlight

DIGIT — Mon, 14 Jun 2021 04:00:13 +0000

Authorities in Yunnan are launching an investigation to identify and shut down miners that are illegally using electrical power to mint bitcoin, Chinese media reports. Inspections will also focus on potential safety hazards and will be carried out by various government departments. The mining industry cleanup is expected to continue till the end of June. […]

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Survey: Chinese Students Want Crypto Jobs, 8% Own Cryptocurrencies

DIGIT — Thu, 17 Oct 2019 00:30:47 +0000

A poll conducted among university students in China indicates that many of them see a bright future for cryptocurrencies in their country. A quarter of the respondents said they would seek employment in the industry that deals with digital assets and related technologies. Approximately one in 12 students already owns digital coins. Also read: Ukraine […]

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Super Rich: Popular Thai Foreign Exchange Chain to Add Cryptocurrencies

DIGIT — Thu, 27 Sep 2018 06:25:03 +0000

Superrich International Exchange, a popular foreign currency exchange chain in Thailand, has reportedly revealed a plan to begin offering travelers cryptocurrency exchange service in addition to 32 fiat currencies. The company has 49 locations in Thailand, one in Cambodia, one in Britain, and is also in talks with regulators to start operations in Laos. Also […]

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Five Firms Hit by ‘Crypto-Sweep’ in Alabama as Regulators Step up Operation

DIGIT — Tue, 29 May 2018 08:33:53 +0000

Cease and desist letters have been sent to five crypto companies operating in Alabama, as part of the ongoing “Operation Crypto-Sweep.” The campaign, led by the North American Securities Administrators Association, is targeting ICO projects and blockchain startups suspected of fraudulent activities and violations of existing securities laws. Actions have been taken already by NASAA […]

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70+ Investigations: 40 Regulators Crack Down on Suspicious Crypto Schemes

DIGIT — Tue, 22 May 2018 19:40:48 +0000

Forty regulators in the US and Canada are reportedly collaborating in the largest coordinated crackdown on cryptocurrency scams to date by state and provincial officials. The operation has triggered over 70 investigations so far, with 35 cases completed or pending. Also read: Yahoo! Japan Confirms Entrance Into the Crypto Space Mass Crackdown The North American Securities […]

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