Tag: China
All news related to the Asian giant.
China Introduces Interest Payments to Boost Digital Yuan
Reading Time: < 1 minuteChina’s central bank announced a comprehensive overhaul of its digital yuan framework this Monday.
China Renews Crypto Ban, Citing ‘Resurgent Speculation’ and Stablecoin Risks
Reading Time: < 1 minuteChina’s central bank, the People’s Bank of China (PBOC), has reaffirmed its nationwide ban on cryptocurrency activities.
China Reclaims 14% of Global Bitcoin Mining Despite 2021 Ban
Reading Time: < 1 minuteChina’s Bitcoin mining industry is quietly resurging through individual and corporate operations exploiting cheap power and a data center expansion in energy-abundant provinces.
The Digital Yuan: China’s Revolutionary Approach to Money
Reading Time: 5 minutesThe digital yuan represents one of the most advanced and ambitious central bank digital currency (CBDC) projects in the world.
FTX Backs Down: Creditors Win Reprieve as Exchange Drops Plan to Limit Payouts
Reading Time: < 1 minuteIn a significant win for creditors, FTX has withdrawn its controversial motion that sought to restrict repayments to customers in nearly 50 countries, including China and Russia.
Beijing Intervenes, Halting Chinese Tech Giants’ Stablecoin Ambitions in Hong Kong
Reading Time: < 1 minuteFollowing direct instructions from Chinese regulators, tech leaders Ant Group and JD.com have suspended their plans to issue stablecoins in Hong Kong.
China Considers Yuan Stablecoins in Landmark Crypto Policy Shift
Reading Time: < 1 minuteIn a potential reversal of its strict crypto ban, China is exploring the creation of a yuan-backed stablecoin.
Beijing Restricts Stablecoin Hype as Hong Kong Forges Ahead
Reading Time: < 1 minuteEven as Hong Kong advances its regulatory framework for stablecoin issuers, mainland Chinese authorities are taking steps to curb enthusiasm for the asset class.
China Joins Global Pushback Against Worldcoin’s Iris-Scanning Model
Reading Time: < 1 minuteChina has become the latest country to raise alarms over Worldcoin’s iris-scanning operations, with its Ministry of State Security declaring the practice a national security risk.
Conflux Network Announces Offshore Yuan Stablecoin and Conflux 3.0 Upgrade
Reading Time: < 1 minuteChinese Layer 1 blockchain Conflux Network has unveiled plans to develop an offshore yuan-pegged stablecoin in collaboration with fintech firm AnchorX and Shenzhen-listed Eastcompeace Technology.
China’s Central Bank Plans Global Push for Digital Yuan Amid Dollar Uncertainty
Reading Time: < 1 minuteChina is accelerating its efforts to internationalize the digital yuan (e-CNY).
JD.com Eyes Global Stablecoin Licenses to Cut Cross-Border Payment Costs
Reading Time: < 1 minuteJD.com, China’s e-commerce powerhouse, plans to pursue stablecoin licenses in major markets worldwide, founder Richard Liu revealed.
China Discussing New Rules for Managing Seized Crypto
Reading Time: < 1 minuteChina is evaluating new regulations for handling confiscated cryptocurrencies as cases of illegal digital asset use increase.
Chinese Regulator Introduces Stricter Crypto Rules
Reading Time: < 1 minuteThe Chinese government has implemented new foreign exchange regulations that require banks to closely monitor and flag any high-risk transactions involving cryptocurrency assets.
Conflux and China Mobile’s Migu Debut World’s First Blockchain-Based Video Ringtone
Reading Time: 2 minutesNew York, United States, 21st August 2024, Chainwire
Former House Speaker: US Should Use Stablecoins to Fight China
Reading Time: < 1 minuteThe impact of crypto policy on the 2024 Presidential race is becoming increasingly apparent.
Bybit Opens Registration to Chinese Users
Reading Time: < 1 minuteIt appears that Bybit has recently expanded its services to a previously restricted area – the People’s Republic of China.
China Dismantles Underground Bank Using USDT for Foreign Currency Exchanges
Reading Time: < 1 minutePolice in Sichuan province, Southeast China, have broken up an underground bank that utilized the USDT stablecoin for foreign currency exchanges, involving transactions totaling at least 13.8 billion yuan ($1.9 billion).
China’s Prosecutor to Fight Blockchain Cybercrimes
Reading Time: < 1 minuteChina’s highest prosecution authority is taking action against criminals who use blockchain and metaverse projects for illegal activities.
China Urges Citizens Not to Participate in ICOs
Reading Time: < 1 minuteThe Liaoning Provincial Police Department recently cautioned potential investors about the dangers of investing in ICO projects.
Standard Chartered Joins Digital Yuan Tests
Reading Time: < 1 minuteBritish bank Standard Chartered has announced its participation in the testing of China’s digital currency (CBDC).
Chinese Hackers Create Fake Skype to Steal Digital Assets
Reading Time: < 1 minuteA fake Skype application was recently discovered by SlowMist specialists, which was used by Chinese hackers to swindle hundreds of thousands of dollars in different cryptocurrencies.
US Authorities Concerned About China’s Mining Firms: Media
Reading Time: < 1 minuteChinese mining companies operating in the US have raised concerns over national security. The New York Times reported on this issue, citing sources from the US government.
LayerZero Teams Up with Conflux to Expand into China
Reading Time: < 1 minuteThe LayerZero Omnichain protocol has formed a partnership with Conflux to utilize the blockchain-based SIM cards (BSIM) developed by the startup and China Telecom.
Conflux and China Telecom debut first on-chain interaction with Blockchain SIM card
Reading Time: 2 minutesToronto, Canada, May 16th, 2023, Chainwire Conflux Network, the first regulatory compliant public blockchain in China and global communications network, China Telecom, today unveiled its jointly developed Blockchain SIM (BSIM) […]
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