Shanghai Man: Fight crypto like COVID-19 urges Global Times, hydro power plants popular ...
Cointelegraph
Published Jul 01, 2021 08:20PM ET
Updated Jul 01, 2021 10:00PM ET
This weekly roundup of news from Mainland China, Taiwan, and Hong Kong attempts to curate the industry’s most important news, including influential projects, changes in the regulatory landscape, and enterprise blockchain integrations.
Flags and celebrations were the order of the day as the Chinese Communist Party celebrated its 100th birthday on July 1. Many had pinpointed this event as part of the motivation behind the recent crypto crackdowns, as prominent holidays prompt leaders to clean up their jurisdictions so that societal issues don’t distract from the celebrations. A strong and uniform financial system is certainly one of the areas that tends to be the focus prior to these large events.
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