Since September 2021, crypto transactions and mining have been illegal in China. However, the prohibition has become more of a guideline in actual use. Since its introduction, crypto taxation has been a topic of discussion among Chinese officials. In addition, a judgement decided in 2022 made it clear that residents
ChinaBank, a Philippine banking institution, has partnered with Qatar National Bank (QNB) to enable a direct transfer of funds through the RippleNet payment technology from Qatar to the Philippines. ChinaBank has said that the partnership’s overarching goal is to better serve Filipinos. Especially who have been sent to work abroad
Toronto, Canada, April 14th, 2023, Chainwire Conflux, the only regulatory-compliant blockchain in China, has proposed deploying Uniswap v3 on its network alongside CNH (offshore Chinese Yuan) stable currency, and joining the Curve Wars with its mainnet token CFX bridged to Ethereum mainnet, known as eCFX. This proposal comes after
On April 7, Conflux, a Chinese public blockchain that complies with applicable regulations, proposed on Uniswap’s governance forum to implement Uniswap v3 on its network. Developers have been able to fork the protocol and launch their own decentralized exchange in the days after the Uniswap v3 source license expired. According
Toronto, Canada, 15th February, 2023, Chainwire Today China Telecom and Conflux Network announce a partnership to bring Blockchain SIM cards (BSIM) to market. The entry-level Web3 product will be the largest blockchain hardware product ever seen globally, involving the most users and applications. China Telecom will launch the first BSIM
China has announced the launch of a new research centre that will focus on blockchain technology, despite the country’s rocky history with cryptocurrencies. The National Blockchain Technology Innovation Centre in China has received approval from the Ministry of Science and Technology. According to South China Morning Post, the primary goals
Over the Lunar New Year period, the Chinese Central Bank distributed CBDC worth millions of dollars around the nation. Around 200 events for the e-CNY were introduced around the nation during the holiday season. This is according to a report in the Global Times which is an English-language arm of
For 2 days, Damus, a Jack Dorsey-backed decentralized, Twitter rival, was available in China’s Apple App Store. Damus reported on Thursday that the app has been taken down in China. By the Cyberspace Administration of China (CAC) for violating national speech rules. Moreover, Apple cooperated promptly after being asked to.
In an opinion piece titled “Why America Should Ban Crypto,” which was published in the Wall Street Journal, Vice Chairman of Berkshire Hathaway Charlie Munger urged the American government to ban cryptocurrency. Murger stated: A cryptocurrency is not a currency, not a commodity, and not a security. Murger added that
After a crackdown on cryptocurrency trading and mining in the middle of 2021, Tron founder Justin Sun claimed Monday that China is plotting a return to the sector. With the introduction of a tax on crypto transactions, China has taken a major step toward cryptocurrency regulation. Justin Sun is unwavering
