Tag: China

A local bank in China has uncovered an embezzlement and money laundering scheme involving two of its former executives and other suspects.

Binance's trading volume in China went parabolic in the month of May as the country remains its key market in Asia

A court stated that virtual assets have monetary properties and are able to be categorized as property in China.

With the exception of just a few trials in Hong Kong, digital yuan is still extremely limited compared to China's 1.4 billion people.

The family members of certain employees of the CNHC Group had been informed that the team had been arrested and taken away by the police. 

The new blockchain center in China will be led by the Beijing Academy of Blockchain and Edge Computing, as per the announcement.

China, which has been one of the crypto-unfriendly nations, has now approved the launch of a blockchain research centre in Beijing

China will open its first ever authorized platform for trading non-fungible tokens (NFTs) on January 1, 2023.

Dmitry Medvedev, a former President of Russia, predicted that the US dollar and Euro will collapse and crypto usage will dominate.

The police in Inner Mongolia, China, discovered a crypto money laundering gang that allegedly laundered $1.75 billion dirty cash.

The central bank of China has emphasized numerous times that no CBDC in the world could possibly maintain perfect anonymity. 

With the intent of launching the Russian Central Bank Digital Currency (CBDC) or Digital Ruble in 2023, a senior lawmaker has revealed the country’s plans to use the CBDC for mutual settlement with China. Russia is taking this step in a bid to reduce the United States’ global financial hegemony with the dollar. The CBDC […]

China is known for its tough stance toward cryptocurrencies and the fact that it is used by many to launder money catalyzes its strong opposition to the industry. According to a recent development, a province in China recorded 93 money-laundering suspects across the region. In a nationwide law enforcement operation known as “Hundred-day Action,” police […]

In a Friday announcement, authorities in China began a campaign against online piracy copyright violations as they noticed an increase in unauthorized use of digital work. Through a new initiative dubbed “Jianwang 2022,” the Chinese government will fight against online misuse of intellectual property with a focus on non-fungible tokens (NFTs). Jianwang 2022 is the […]

A policy document from Friday reveals that the China Energy Administration (CEA) has decided to explore blockchain-powered trading platforms to facilitate power or electricity trading between self-contained power units and the state and national grids. According to IEEE, or the Institute of Electrical and Electronics Engineers, blockchain technology’s immutable property can offer transparent and trustworthy electricity metering […]

Chinese citizens can now pay for their public transportation fares with China’s central bank digital currency (CBDC) dubbed the e-CNY. Based on gathered reports, China has officially commenced the launch of its next round of CBDC’s pilot testing. For now, the use of e-CNY for the payment of transportation fares is active in several Chinese […]

Payment of salaries and wages in Tether (USDT) is now regarded as illegal in China. In a recent labor dispute lawsuit, the Chaoyang Court of China ruled against the use of USDT in business transactions. Also, the circulation of the digital asset as a currency is now termed illegal.  The court said every business must […]

The Chinese subsidiary of venture capital company Sequoia Capital has reportedly planned to secure $9 billion for four new funds. As per the report by The Information, the company will use these funds to distribute among the development of fintech and crypto startups in China. The report reveals that the fundraiser by Sequoia Capital will cross the […]

June 22, 2024

Top US Rapper 50 Cent has seen a major exploit of..

June 22, 2024

Bitcoin's blockchain bandwidth usage has surged past 90% following the recent..

June 22, 2024

Bitwise CIO is bullish on the future prospects of Ethereum (ETH)..

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