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Bitcoin and tether accepted by Chinese fentanyl chemical vendors

0xMain
May 24, 2023

accepted, Bitcoin, chemical, Chinese, fentanyl, Hacking, Tether, vendors

Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied Blockchain analytics startup Elliptic discovered that Chinese companies selling fentanyl precursors take large sums of cryptocurrency payments, primarily in bitcoin (BTC) and tether (USDT). This information underscores the difficulties...

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Digital yuan promotions helped Chinese crypto stocks rise

0xMain
April 24, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied The rise of the digital yuan, China’s national central bank digital currency (CBDC), helped some crypto-related stocks surge while the cryptocurrency market has been facing notable drops. On April...

Chinese City to pay civil servants using digital yuan

0xMain
April 23, 2023

Chinese, City, civil, Digital, Hacking, pay, servants, yuan

Changshu City in Jiangsu Province, East China, will begin paying all public sector personnel in e-CNY, better known as digital yuan, from May 2023. This is important in promoting the digital yuan, China’s official digital money. The decision will affect government personnel, teachers,...

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Chinese state-owned bank starts working with crypto firms in Hong Kong

0xMain
April 17, 2023

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Share Share on Twitter Share on LinkedIn Share on Telegram Copy Link Link copied China Bank of Communications Co., Ltd.’s Hong Kong subsidiary reportedly collaborates with several crypto companies with secured licenses in Hong Kong. According to reports, the state-owned bank works with...

Chinese banks going all in on crypto amid US financial crisis

0xMain
March 27, 2023

banks, Chinese, crisis, Crypto, Financial, Hacking

Although crypto trading has been outlawed on the mainland for years, Chinese banks have reached out directly to crypto firms in recent months, adding to evidence that Hong Kong’s desire to become a significant digital asset hub has support from Beijing. Bank of...

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CNBC report shows how Chinese Binance customers bypass crypto bans

0xMain
March 24, 2023

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CNBC has released an investigative piece on Binance citing allegations of allowing its Chinese customers to override the country’s cryptocurrency trading ban. According to the article, Binance staff and volunteers have taught others how to trick the exchange’s know your customer (KYC), residency,...

Russia will use Chinese yuan for transactions, avoiding sanctions

0xMain
March 22, 2023

avoiding, Chinese, Hacking, Russia, sanctions, transactions, yuan

A shift in the digital currency environment may occur due to Russia’s latest decision to utilize the Chinese yuan instead of the U.S. dollar in trade settlements with nations in Asia, Africa, and South America. Despite Russia’s choice having nothing to do with...

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US SEC charges Chinese ‘fraudster’ Guo in $850m scam

0xMain
March 16, 2023

850m, charges, Chinese, fraudster, Guo, Hacking, scam, SEC

The United States securities and exchange commission (SEC) has leveled charges against Miles Guo otherwise called Brother Seven – a Chinese businessman who has been living in exile – and his financial advisor, William Je over allegations of their involvement in a fraudulent...