Chinese Government Launches ‘Ultra-Large Scale Blockchain Infrastructure Platform’
The Chinese authorities is reportedly launching an “ultra-large-scale blockchain infrastructure platform for the Belt and Road Initiative.” The platform will help the implementation of cross-border...
China’s Central Bank: Digital Yuan Transactions Reach $250 Billion
China’s central financial institution governor has revealed that transactions utilizing the nation’s central financial institution digital foreign money (CBDC) reached 1.8 trillion yuan ($250 billion)...
Chinese Government Launching National Blockchain Innovation Center
The Chinese authorities is organising a nationwide blockchain innovation heart in Beijing to give attention to industrial functions and main use instances of blockchain expertise,...
Chinese Economist Urges Government to Reconsider Crypto Ban — Warns of Missed Tech Opportunities
An economics professor and former adviser to the People’s Bank of China has urged the Chinese authorities to rethink its ban on cryptocurrencies. He warned...
Chinese Government Releases VR Research Plan Including Metaverse and Odor Simulation
The Chinese authorities has introduced a plan of motion concerning the inclusion of digital actuality (VR) and augmented actuality (AR) within the lives of the...
Beijing Presses Fast-Food Chain McDonald’s to Support Digital Yuan — China’s CBDC Expected to Launch in February
According to a recent report, Beijing is pressing the fast-food retail chain McDonald’s to support the digital yuan before the Winter Olympics in China scheduled...
China to Add Cryptocurrency Mining to ‘Negative List for Market Access’ Making the Industry Off-Limits to Investors
China has proposed adding cryptocurrency mining to the country’s latest “Negative List for Market Access.” This will make cryptocurrency mining an industry that is off-limits...
China’s Crypto Crackdown: Fundamentals Still Show Bull Market Continuation, Bobby Lee Says ‘Don’t Panic’
The People’s Bank of China (PBOC), the country’s central bank, published a Q&A to its website which said that Chinese citizens participating in virtual currency...
Jefferies’ Equity Strategist Expects Accommodating US Crypto Regulation Unlike China’s Authoritarian Model
The head of global equity strategy at Jefferies, an investment bank and asset management firm, says that cryptocurrency regulation in the U.S. would “ultimately be...
Huobi Prohibits Chinese Residents From Leveraging Cryptocurrency Derivatives
The Seychelles-based cryptocurrency exchange originally founded in China, Huobi, has officially banned Chinese residents from swapping cryptocurrency derivatives, according to the company’s revised user agreement....