In 2016, China became the first-ever middle income economy, that entered the top 25 of the global innovation index. As of 2017 they have moved up 3 spots and are currently ranked 22th of the world. More
It is no secret that China is not a fan of anything that is unregulated, this is also one of the reasons why initial coin offerings are currently banned in China. When looking outside of the crypto world we can clearly find examples on how China is currently regulating and protecting themselves. More
We all know that China plays a big role in the world of Bitcoin and cryptocurrency. Recently China told all its Chinese cryptocurrency exchanges to stop. We do not yet know when or if these exchanges will be allowed to open up again. But what has led to this and why exactly did China order these exchanges to stop?