The crypto market has experienced significant growth and massive development over the years. Every country around the world has started adopting and creating a crypto-friendly environment for people. On the other hand, Justin Sun, the founder of Tron, disclosed that in China, cryptocurrencies are protected by law and are regarded
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
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
The recent reorganization at the People’s Bank of China (PBOC) has dashed expectations for a reversal of China’s prohibition on digital-asset trading, which has been in effect since September 2021. However, Bloomberg notes that the nomination of Pan Gongsheng, a veteran Communist Party leader, as PBOC governor, indicates a dedication
Bangladesh has submitted a formal application to join the BRICS alliance, which has Brazil, Russia, India, China, and South Africa in hand. The application follows a meeting between Prime Minister Sheikh Hasina and South African President Matamela Cyril Ramaphosa in Geneva. This development carries significant implications for the global economic
The U.S. Securities and Exchange Commission (SEC) has become increasingly aggressive in its pursuit of regulatory enforcement within the crypto world. The SEC has continuously filed lawsuits against the top crypto exchanges, including Binance. It creates uncertainty about the future of the crypto firms operating in the United States. Following
Sam Altman, CEO of OpenAI, has said that China should take the lead in formulating artificial intelligence rules to guarantee the security of game-changing new technologies. According to Bloomberg, Sam Altman, who has become the face of contemporary AI because of ChatGPT’s success, is in favor of China taking the
Recent deliberations of the panel on finance, accommodation, and urban affairs focused on combating China. Initiatives aimed at bolstering American national defense, the economy, and diplomatic relations were included in this category. According to reports, the discussion was headed by Chairman Sherrod Brown and Ranking Member Tim Scott. They discussed
China seems to be welcoming foreign businesses into some sectors. The nation has taken a strong line against the buying, selling, and holding of cryptocurrencies like Bitcoin and Ethereum, yet it is still actively promoting the growth of Web3. Beijing Municipal Science and Technology Commission and Zhongguancun Science and Technology
In an audacious move this morning, China’s capital, Beijing, spotlighted its commitment to the evolution of the internet by unveiling an ambitious blueprint known as the “Web 3.0 Innovation and Development White Paper (2023)”. This seminal document, touted by a local media outlet, The Paper, points to web3 technology as
