China’s crypto confusion, new privacy tools: Blockheads

Last week, various Chinese government-related entities gave mixed messages on cryptocurrencies, while Binance said it had been banned in Russia just days before Huobi launched a new crypto trading app in the same region. Finally, two interesting developments in privacy applications for blockchain came from China.BlockchainheadlinesThe world of blockchain moves fast, and nowhere does it move faster than China. Here’s what you need to know about China’s block-world in the week of Sept. 22-29.Mixed signals on cryptoMore than RMB 1 trillion ($145.5 billion) flows out of China every year through il…

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