China Archives

Russia wants BRICS nations to explore new trade currency

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4 April, 2023

Russia wants BRICS nations to explore new trade currency

India and Russia should take the lead in forming a financial relationship to ultimately create a new common currency, according...

China launches public consultation, eyes improved blockchain standards by 2025

Business

Wahid Pessarlay

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1 April, 2023

China launches public consultation, eyes improved blockchain standards by 2025

In line with China's digital economic ambitions, the MIIT will upgrade the country's blockchain standards, a move that paints the...

Binance’s terrible, horrible, no good, very bad week

Business

Steven Stradbrooke

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31 March, 2023

Binance’s terrible, horrible, no good, very bad week

Receipts are piling up against Binance, while boss Changpeng Zhao is in a race against time to flip the table...

Hong Kong’s digital currency firms see interest from Chinese banks after mainland ban

Business

Wahid Pessarlay

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30 March, 2023

Hong Kong’s digital currency firms see interest from Chinese banks after mainland ban

Hong Kong stakeholders disclosed that they view the recent interest of Chinese banks with enthusiasm, but the hopes of China...

Taiwan financial watchdog to oversee digital assets, but not NFTs

Business

Steve Kaaru

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22 March, 2023

Taiwan financial watchdog to oversee digital assets, but not NFTs

The Financial Supervisory Commission will reportedly be appointed as the industry watchdog in Taiwan this month, but the chairman says...

NFT-related complaints surging in China, consumer watchdog says

Business

Wahid Pessarlay

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19 March, 2023

NFT-related complaints surging in China, consumer watchdog says

Authorities pointed out that the 30,000% increase in NFT-related complaints in 2022 could be tied to the lack of government...

Digital dollar is the only way US can fight ‘China’s surveillance coin,’ ex-CFTC boss says

Business

Steve Kaaru

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15 March, 2023

Digital dollar is the only way US can fight ‘China’s surveillance coin,’ ex-CFTC boss says

Christopher Giancarlo, who served as the 13th chair of the Commodity Futures Trading Commission, has called for accelerated digital dollar...

China’s new powerful financial regulator could deal a big blow to digital assets

Business

Steve Kaaru

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14 March, 2023

China’s new powerful financial regulator could deal a big blow to digital assets

The Chinese government wants to consolidate three top insurance and financial regulators into one powerful entity that would also take...

China’s parliament member calls for NFT regulations at ‘Two Sessions’

Business

Wahid Pessarlay

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12 March, 2023

China’s parliament member calls for NFT regulations at ‘Two Sessions’

Feng Qiya, a member of parliament, says that the deliberations will cut through technological and regulatory aspects to unify China’s...

WeChat adds digital yuan to payment platform as People’s Bank of China pushes for wider adoption

Business

Wahid Pessarlay

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11 March, 2023

WeChat adds digital yuan to payment platform as People’s Bank of China pushes for wider adoption

WeChat is lending the central bank a hand to support China's CBDC ambition by integrating the e-CNY in WeChat Pay,...

China’s digital yuan sees dismal adoption in Hong Kong

Business

Steve Kaaru

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7 March, 2023

China’s digital yuan sees dismal adoption in Hong Kong

Despite a renewed push by the Chinese central bank to woo users in Hong Kong, only 625 hard wallets were...

Courts losing patience with crypto’s ‘it’s Chinatown’ defense

Business

Steven Stradbrooke

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27 February, 2023

Courts losing patience with crypto’s ‘it’s Chinatown’ defense

U.S. District Judge Kenneth Marra found ‘The Ren Project’ in civil contempt after it failed to reply to a ‘show...

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