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China

Fuzhou lures Web3 firms with incentives to set up shop in the city
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20 May, 2023

Fuzhou lures Web3 firms with incentives to set up shop in the city

After baring its metaverse ambitions, China is now focusing on fortifying its Web3 ecosystem, with Fuzhou leading the way by...
China moves ahead with national blockchain center launch to broaden talent pool
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17 May, 2023

China moves ahead with national blockchain center launch to broaden talent pool

The director of the new National Blockchain Technology Innovation Center remarked that the institute would equip up to 500,000 specialists...
China’s top court declares digital currencies can be used to settle debt
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13 May, 2023

China’s top court declares digital currencies can be used to settle debt

The Supreme Court will only enforce such contracts if they were made before September 2017 when China banned ICOs, and...
China arrests man accused of spreading ChatGPT-generated fake news: report
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12 May, 2023

China arrests man accused of spreading ChatGPT-generated fake news: report

This is the first time Chinese authorities have arrested an individual over the use of artificial intelligence (AI) platforms like...
France’s BNP Paribas partners with Bank of China to promote digital yuan usage
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11 May, 2023

France’s BNP Paribas partners with Bank of China to promote digital yuan usage

A digital management system for corporate clients will encourage "efficient and real-time" adoption of China's CBDC, according to a statement...
China’s $22M investment fund targets projects building in the metaverse
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9 May, 2023

China’s $22M investment fund targets projects building in the metaverse

Henan Cultural Tourism Investment Group's fund aims to promote Chinese culture and tourism using innovative technology like virtual reality and...
China moves forward with CBDC cross-border payment experiments
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28 April, 2023

China moves forward with CBDC cross-border payment experiments

As downloads and usage of digital yuan wane, China bares new plans to promote its CBDC by using it in...
China doubles down on digital yuan adoption with new payment scheme
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26 April, 2023

China doubles down on digital yuan adoption with new payment scheme

The Chinese city of Changshu is shaping itself as a model for CBDC adoption as it introduces a new payment...
State-owned Chinese banks offer financial services to Hong Kong digital asset firms
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20 April, 2023

State-owned Chinese banks offer financial services to Hong Kong digital asset firms

With China's current digital asset regulation, service providers are now looking at Hong Kong to offer their services as the...
Chinese regulators plot tighter controls for AI services amid rising interest
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16 April, 2023

Chinese regulators plot tighter controls for AI services amid rising interest

The latest AI regulations include the need for service providers to ensure their content is in line with IP laws...
ASIC-maker Bitmain fined $3.6 million in China over tax violations
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13 April, 2023

ASIC-maker Bitmain fined $3.6 million in China over tax violations

Bitmain must pay $3.6 million for allegedly failing to pay personal income taxes worth $2.4 million despite notices from the...
China, Hong Kong take the lead in blockchain logistics: report
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13 April, 2023

China, Hong Kong take the lead in blockchain logistics: report

Blockchain use in logistics and supply chain was dealt a big blow when Maersk and IBM shut down TradeLens; the...