Chinese Government Tightens Control On Cryptocurrency: Keeps Economy Strong

In an effort to protect the yuan (RMB), the People's Bank of China said it will apply strict measures to cryptocurrencies. And while the statement published on the Chinese central bank's website March 29 offered no specifics on policies against either crypto, virtual or digital currencies, the deputy director of…

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False Reports of Bitcoin Mining Ban in China, Miners Continue, Volume has Fallen

It is rumored that bitcoin and cryptocurrency mining is banned in China. Local miners have stated that although the volume is down, mining is not banned yet. Rumors and Unsubstantiated reports The secret to China‚Äôs success in profitable mining operations is cheap electricity. However, Sichuan Electric Power Company released…

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