After China’s State Council vowed to crackdown on bitcoin mining and trading, a number of crypto-related social media accounts have been blocked on the country’s Weibo platform, reports Reuters. Reuters continued by saying that analysts and financial regulators are expecting more direct links between illegal crypto activities and the country’s criminal law in the near […]
Category: Law & Regulation
Amid the expanding Sino-US tensions, lawmakers in China are pushing forward with new legislation in a bid to retaliate against foreign sanctions, reports Bloomberg. The official Xinhua News Agency reported that the second draft of legislation, directed at countering sanctions imposed by foreign governments, was filed, on Monday, by a National People’s Congress committee. Xinhua […]
Having started out slowly on vaccinations, and focusing instead on simple control of virus spread, China has now moved inoculations into high gear just as small outbursts of infections appear in various places, including the city of Guangzhou. Possibly as many as 20 million vaccine doses are being administered per day, and by the end […]
The Chinese State Administration for Market Regulation (SAMR) warned eight more sharing-economy companies against unclear pricing on Thursday, reports Caixin. The market regulator also ordered the companies to enhance compliance awareness and standardize pricing and competitive practices, with a report on the rectifications due within 30 days. The companies include three bike-sharing platforms—Alibaba-backed HelloBike, car-hailing […]
US President Joe Biden banned US entities from investing in 59 more Chinese companies with supposed ties to the defense or surveillance technology sectors via an executive order signed on Thursday, reports Reuters. The order widens the scope of a legally flawed order put in place during the Trump administration. The new ban list, enforced […]