crackdown

While China’s Bitcoin Miners Flock to Central Asia Canaan Sets up ASIC Mining Rig Service in Kazakhstan

<div class=”featured_image_container”> </div> <strong>On Monday, the application-specific integrated circuit (ASIC) manufacturer Canaan Inc. announced the company has established an overseas after-sales center in Kazakhstan. According to Canaan, the service center will provide local customers with after-sales services like machine testing, warranty services, maintenance, and technical consultation.</strong> Chinese Miners Are Focused on Relocation, Canaan Opens Mining …

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Weibo Cracks Down Crypto Related Accounts as China Strengthens Its Anti Crypto Stance

<div class=”featured_image_container”> </div> <strong>Sina Weibo, the Chinese equivalent of Twitter, banned the accounts of several key cryptocurrency and defi influencers in the country yesterday, according to reports from local sources. This might be a continuation of the anti-crypto stance the Chinese state has been exerting since 2013, and more profoundly in the last days with …

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Tiger Brokers and Futu to Offer Crypto Trading Services Outside China

<div class=”featured_image_container”> </div> <strong>Two Chinese online brokerages have set out to enter the global crypto trading market. The platforms, Tiger Brokers and Futu, are planning to offer their services only outside the People’s Republic as Beijing is once again cracking down on bitcoin trading in the country. </strong> Major Chinese Online Brokers Dive Into Crypto …

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South Korea to Crack Down on Phishing Websites Attacking Crypto Users

<div class=”featured_image_container”> </div> <strong>South Korean authorities are intensifying their monitoring of phishing activity related to cryptocurrencies. The government has identified a record number of websites trying to obtain login details from crypto exchange users. Over 30 sites have been taken down in just three months this year. </strong> Seoul Strengthens Monitoring of Crypto Phishing Scams …

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Hong Kong Crypto Exchange Founder Taken Amid China’s Crackdown on Fraudulent Bank Accounts

Hong Kong-based crypto exchange CEO Global said Saturday one of its founders has been taken away by authority to assist with an investigation for 15 days and it has no idea when he may return. “Affected by the ongoing national crackdown on fraudulent sim cards and bank accounts, the bank account of one of our …

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China Police Said to Detain Crypto OTC Traders Amid Money Laundering Crackdown

As Chinese police step up efforts to crack down on illegal economic activities, crypto over-the-counter (OTC) traders are being detained to assist investigations.  In another sign Chinese law enforcement are targeting cryptocurrency trading, Zhao Dong – a prominent Chinese crypto OTC trader and the co-founder of crypto lending platform RenrenBit – has been held up …

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