Shenzhen

China’s central bank digital currency has begun a “restricted access test” to simulate payment scenarios between parties.

As bitcoin’s price outpaces the cost of mining in China, it can be difficult to procure a bitcoin miner.

Although China has shut down bitcoin trading platforms, its attitude toward bitcoin mining is still ambiguous. Now, 70 percent of the world’s bitcoins are produced in China, especially along the Dadu River, where there is plenty of hydropower.

Chinese companies have jumped on the bandwagon of bitcoin mining, either under the guise of cloud computing or providing mining hosting services, in an effort to bypass regulations.