Fri, March 29

Supreme Court of China Provides Crypto Framework for Legal Disputes

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

May 8, 2023 1 min read

Biggest Threat Call to US Dollar From Top Countries

White House economist Jared Bernstein disclosed in Congress that there is some evidence that “China wants the U.S. dollar to lose its position” as the world’s reserve currency. But Senator Bill Hagerty of the United States emphasized that the internal threat to the USD’s dominance is the greatest. On Tuesday,

April 22, 2023 1 min read

Crypto Firms in Hong Kong Being Welcomed by Chinese Banks

Chinese state-owned banks have emerged as an unexpected source of possible support for the influx of cryptocurrency businesses into Hong Kong after the city granted access to the beaten-down industry. Moreover, Chinese banks have been reaching out to crypto firms directly over the last few months, adding to indications that

March 27, 2023 2 mins read

Chinese Platform WeChat Incorporates Digital Yuan in Payments App

According to reports in local media, China’s central bank digital currency (CBDC) is now accepted as payment on the country’s most popular social networking and payment app, WeChat. The initiative’s stated goal is to increase the digital yuan’s popularity. After Alipay, WeChat is now the second payment platform to implement

March 8, 2023 1 min read

China Launches New Research Center Focusing on Blockchain Tech

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

February 10, 2023 1 min read

China Promotes CBDC Through Millions of Digital Yuan Giveaway

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

February 6, 2023 1 min read

Tron Founder Justin Sun Confident of China Embracing Crypto Sector

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

January 30, 2023 2 mins read

China Blames America for Crippling Other Nations

China blames the United States for crippling other nations with their debt. With a soaring $31.5 trillion debt – the new all-time high statutory debt ceiling, the United States is at the epicenter of accusations. One among those is China’s blast off against the US for “sabotaging” other nations’ measures.

January 24, 2023 1 min read

Jack Ma No Longer Leading Shareholder in Fintech ‘Ant Group’

Jack Ma, co-founder, and CEO of Alibaba, is stepping down as chairman of Ant Group, a Chinese financial technology behemoth. The billionaire’s exit from the fintech behemoth was approved by a vote of the company’s shareholders, according to Reuters. Moreover, a $37 billion IPO by Ant Group in Hong Kong

January 8, 2023 1 min read

China Reportedly Launching NFT Marketplace Under Government Oversight

For the better part of two years, NFTs have been widely used by Chinese traders, but maybe not in the same manner as elsewhere. In China, NFTs are called digital collectibles instead of NFTs and cannot be bought with cryptocurrencies due to local regulations. China was among the pioneering countries

December 30, 2022 1 min read