China appears to be embracing the digital asset revolution, signaling a major shift in its stance on cryptocurrencies. Despite a strict crypto trading ban in 2021 that led to a market shack, the country is now expressing a newfound commitment to the development of the crypto industry. The Ministry of
A draft describing substantial changes to the regulation of in-game tokens within the online gaming sector was recently issued by the General Administration of Press and Publication of China (GAPP). The country’s attitude to digital currency in gaming has undergone a strategic shift with this decision. Game tokens cannot be
Data privacy activists are sure to be concerned with the news that the Blockchain-based Service Network (BSN), China’s national-level blockchain program, would employ blockchain technology to validate the real-name identities of the country’s 1.4 billion inhabitants. The RealDID concept was supported by BSN and was driven by China’s Ministry of
An announcement was made by Standard Chartered that it would be taking part in the e-CNY CBDC pilot program, which is China’s digital currency. This makes the bank pioneering in its involvement with China’s emerging digital currency scene, among other pioneering international financial institutions. A variety of digital yuan-related services
The government of China issued a statement on November 10 stating that those caught stealing digital collections, including non-fungible tokens (NFTs), will face criminal penalties. It provides three different perspectives on whether or not the theft of digital collections is a data theft, digital property theft, or both. Nonetheless, the
DUBLIN–(BUSINESS WIRE)–The “Blockchain in Telecom – Global Strategic Business Report” report has been added to ResearchAndMarkets.com’s offering. Global Blockchain in Telecom Market to Reach $114.2 Billion by 2030 The global market for Blockchain in Telecom estimated at US$1.2 Billion in the year 2022, is projected to reach a revised size
DUBLIN–(BUSINESS WIRE)–The “Asia-Pacific Online Payment Methods Market 2023” report has been added to ResearchAndMarkets.com’s offering. Asia-Pacific B2C e-Commerce payment value is projected to grow at over 6% CAGR from 2023, surpassing EUR 4 trillion by 2027. This publication provides insights into the current state and future trends of online payments
Officials from the Chinese government introduced a new blockchain-based data exchange during the 2023 Hangzhou Summit in Hangzhou, China. More than 300 companies took part in the launch of the exchange. According to articles published on August 23 by local news outlets in Hangzhou, the city’s newest data exchange will
DUBLIN–(BUSINESS WIRE)–The “China PC Games Market & 5-Year Forecast Report 2023” report from Niko Partners, Inc. has been added to ResearchAndMarkets.com’s offering. This latest report on the PC Games market in China provides a comprehensive guide and insightful analysis to those aiming to navigate and tap into the lucrative China
The governor of China’s central bank has said that, in the 1.5 years since the launch of the digital yuan pilot program, about $250 billion has been transacted using the digital currency. At a conference in Singapore on July 19, People’s Bank of China (PBoC) governor Yi Gang said that
