The central bank speaks, BTC falls, Hong Kong funds support Animoca

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People from Shanghai: The central bank speaks, BTC drops, Hong Kong stocks support Animoca

This weekly news summary from China, Taiwan, and Hong Kong attempts to plan the most important news in the industry, including influential projects, changes in the regulatory environment, and enterprise blockchain integration.

Chinese Repression: Week 7

The summer of repression continues this week, seven weeks ago Initial announcement On May 18, virtual currency is a risky investment, and financial institutions should not provide services for it. As public interest in the asset class has cooled, the crackdown seems to have achieved the desired effect. This is evidenced by the 90-day low of WeChat searches for the word “” last weekend, although this trend is also reflected in global Google (NASDAQ:) searches.

Jack Ma’s fund is in

Rich miner

Cross the line

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