State of China- February Edition

The Quick Take

Bitcoin nodes from China declined from 18% to 4% of the total nodes over the last year, and Huobi’s COO Jia Wei Zhu on how blockchain can empower China’s internet and financial ranking in the world.

Leo Weese, President of the HK Bitcoin Association talk about Chinese officials’ thoughts on Bitcoin, China’s parallel economy and capital control, and how China’s crypto regulations is an attempt for the regulators to control the narrative of crypto.

Bitcoin nodes from China declined from 18% to 4% of the total nodes over the last year

We are at the peak of Lunar New Year (most readers may not know that during the Chinese New Year period, there is a celebration almost every day with a different celebration or ritual) and all of China has been pretty quiet. In particular, partially driven by festivities, the number of Bitcoin full nodes in China has fallen from 421 to 382 in a single 24-hour window between 4th and 5th February. China now only accounts...


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