China’s political and economic changes dominated last year’s headlines in Asia. The Monetary Authority of Singapore has set a high bar for crypto regulations. Despite China’s unexpected crackdown, Asia’s crypto industry thrived nevertheless, from Singapore to Thailand and Indonesia. Cryptocurrency’s ability to operate outside national borders is one of its
Red Date Technology aims to develop a compliant NFT platform. Ethereum and WeBank’s Fisco Bcos will be part of the BSN-DDC architecture. Cryptocurrency is illegal in China, but that doesn’t imply that non-fungible tokens (NFTs) must also be outlawed. South China Morning Post reports that cryptocurrency-related infrastructure in China will
Shanghai puts forth plans of adopting Metaverse. Metaverse technology to be used for economic developments through all sorts of industries and sectors. China focuses on adopting new technologies over crypto. It’s a well known fact that China is one of the prominent leaders in adopting the latest technology of all
The adaptation of the crypto regulations among various nations across the globe is getting severe with the passing of each day. These rules and regulations are not only a threat for the crypto exchanges alone but for the entire crypto industry. Amidst all these, the worse factors these days are
Despite plenty of allegations and criminal charges put forth by many crypto-regulated nations all over the world, Binance now starts a new strategy by withdrawing itself from those countries. Upon such countries, last week Binance announced its shutting down in Italy, Germany, and the Netherlands. Adding to the list, now
The new crackdown by the Communist Government of China against digital currency, including mining, has prompted an exodus of miners. Which is being named the extraordinary mining movement. So Taiwan can turn into a coherent decision for miners. Since it is the closest country to mainland China. Nonetheless, the broad
A recent survey about the crypto market trends in China, Japan, Korea and Russia. In China both NFT products and NFT blockchains seem to be popular. Over 66% of all respondents replied that NFT is a bubble. Japanese consulting group FEB Inc recently made an investigation about the crypto market
China’s new impositions and regulations have now gone into action for the past week. Numerous speculations and mixed comments are throughout the Chinese crypto community. The Chinese government’s acts have impacted Bitcoin(BTC) severely in China. Social Media Restrictions Bitcoin(BTC) now changes its focus entirely to the West, Miami to Latin
The developer of China’s Blockchain (BSN) successfully closed a Series A funding round receiving $30 million. The funding round started to reinforce the BSN network. Blockchain- based service network (BSN) is an informational framework that serves as a public portal in China. BSN serves as a public network supporting decentralized
China calls cryptos ‘Investment Alternatives’. This happens after the launch of the crypto crackdown. PBoC also plans to develop Cross-Border solutions With Digital Yuan. Li Bo, the Vice Governor of the People’s Bank of China (PBoC) has announced that the country regards Bitcoin (BTC) and Stalecoins crypto-assets as investment alternatives.
