China Bans Bitcoin Mining: Are Chinese-Based Miners Expected to Immigrate Overseas

China’s largest miner has said that he will no longer offer a service where people outside of his company can mine cryptocurrency. This is news from Colin Wu, a reporter on Friday. The government announced that bitcoin mining and trading among other financial risks are to be controlled. Zhuoer notes that the co-mining service only accounts for a small fraction of their computing power. The...

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Alipay Launches Digital Renminbi Solution

The Alipay app is only available to whitelisted users currently, but it’s expected that accessibility will increase in the coming months. China’s Financial Associated Press is reporting that Alipay, a payments app, has launched a digital payment solution. Customers can use it at some banks too. This solution will be available in the coming months. Alipay tests the waters People have...

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