China Financial News Provider Sina Starts Listing Crypto Index

Sina Finance, a subsidiary of China based tech firm Sina Corp., has listed crypto index to its mobile app, as per a tweet by China centered online resource Cnledger.

The latest index on China’s key financial news portal offers information on prices and trends of major cryptos such as Bitcoin (BTC), Ripple (XRP), Litecoin (LTC), Bitcoin Cash (BCH) and Ripple (XRP).

A screen shot of the mobile app has been provided by Cnledger.

Only the mobile app and not the desktop version of Sina Finance offers the crypto index, according to the report provided by TechNode, a Chinese tech news outlet.

Notably, the new facility also provides latest news about the industry. A public announcement, however, is yet to be made by Sina.

China, which continues to implement a blanket ban on cryptos, ICOs, crypto exchanges and related services for the past two years, has a positive view of blockchain, the underlying technology of cryptocurrencies. Of late, WeChat, Chia’s popular social media and payment operator, prohibited crypto transactions in an update to its payment policy.

The company has cautioned that it will terminate accounts that are linked to cryptocurrency trading.

Furthermore, back in April 2019, authorities in China proposed a possible termination of cryptocurrency mining, with the National Development and reform Commission (NDRC) including the business in its draft of amended list of industrial activities that the organization intends to close down due to legal or ecological factors, and so on.

Notably, 73% of Chinese firms have opined that blockchain implementation is one of their top five priorities.