State-Run Chinese Newspaper Economic Daily Warns Against ‘Betting Big’ on the Metaverse
Economic Daily, an financial newspaper run by the Chinese state, has printed an article noting issues with investing within the metaverse. The article says that...
Chinese Researchers Propose Asian Digital Currency to Reduce Reliance on US Dollar
Experts from an financial institute in China have circulated the thought of making a blockchain-powered digital foreign money that might decrease Asia’s reliance on the...
Chinese Digital Currency Transactions Exceed 100 Billion Yuan, Central Bank Says
Spending with China’s state-issued digital foreign money has surpassed 100 billion yuan, near $14 billion, by the tip of August, the nation’s financial authority revealed....
Settlements With China — Russia Plans Next Step for Digital Ruble
Russia intends to make use of its digital ruble, to be launched early subsequent 12 months, for funds with its key ally, China. Authorities in...
China to Expand Digital Yuan Testing in Pilot Cities to Provincial Level
China’s central financial institution intends to enlarge the world coated by trials of its digital yuan forex in 4 areas of the nation. A prime...
Central Bank of China Calls for Increasing Use of Digital Yuan
The People’s Bank of China has urged for widening of the array of use-case eventualities for its central financial institution digital forex. The financial authority...
China to Crack Down on Copyright Infringement Through NFTs
Authorities in China are going after creators of digital collectibles based mostly on different individuals’s artworks, the usage of which was not approved. The authorities...
China Introduces Digital Yuan Payments in Ningbo Subway, Guangzhou Buses
Authorities in two Chinese cities are selling the digital yuan as a fee technique within the public transportation system. Commuters on the subway of Ningbo...
Chinese Tech Giant Tencent to Shut Down NFT Platform Amid Trading Restrictions
China’s Tencent Holdings plans to close down its non-fungible token (NFT) platform Huanhe solely a yr after its launch. The social media big has reportedly...
Wechat to Prohibit Accounts From Providing Some NFT and Crypto Services
Tencent’s Wechat intends to impose penalties on public accounts facilitating secondary buying and selling of NFTs, a press report has revealed. Accounts providing transaction channels...