It seems that there is a wide gap between how the government of China and the Chinese citizens view cryptocurrencies and its underlying technology blockchain.

The Chinese government has been increasingly hostile towards cryptocurrencies over the years as it banned cryptocurrency-related activities in the country.

First by banning crypto exchanges which led to the plight of major Chinese cryptocurrency exchanges, and more recently mulling banning cryptocurrency mining operations in the country.

Bitcoin is illegal as a currency but it is legally protected as a virtual property since 2013 and which has been reconfirmed by a recently Hangzhou court ruling.

Despite the government’s effort to suppress cryptocurrency activities, it is a widely known fact that many of its citizens are still very active in the nascent industry with many findings ways to use offshore cryptocurrency exchanges.

Headlines for the world of Cryptocurrencies - August 05, 2019

• Overall Growth In Crypto Payments According To Travala
• Bangladesh Investing In Blockchain Education
• Major Football Club Gains New Crypto Sponsor
• China Accelerates Its Cryptocurrency Program
• Bitcoin Reaches New Computing Power Record

Headlines for the world of Cryptocurrencies - August 04, 2019

• Technical Sign Indicates Looming $17,000 Price Surge
• South Korea Initiates A Crypto friendly Economic Zone
• Litecoin Halving Preparations
• The Next Generation of Bitcoiners
• Blockchain-Enhanced Peer-to-Peer Stock Lending To Launch In South Korea

Headlines for the world of Cryptocurrencies - August 03, 2019

• Walmart May Release Stablecoin
• Ex-Chief Strategist Of Trump Says Bitcoin Has A Big Future
• Walmart-Amazon Rivalry Spills Over To Blockchain Arena
• Bitcoin.com Launching Its Own Exchange
• New Requirements For Crypto Trading Imposed By Tax Authority In Brazil