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China

Tencent reshuffles metaverse department amid rumors of disbandment
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21 February, 2023

Tencent reshuffles metaverse department amid rumors of disbandment

Tencent remains mum over rumors of plans to dissolve its XR unit but confirms that a "personnel reshuffle" would take...
China eyes industrialization of blockchain tech with new research hub in Beijing
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14 February, 2023

China eyes industrialization of blockchain tech with new research hub in Beijing

BABEC, one of the institutions behind China's ChainMaker, was selected to run the National Blockchain Technology Innovation Center in Beijing...
Lunar New Year sees $26M in digital yuan given out to trigger CBDC adoption: report
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9 February, 2023

Lunar New Year sees $26M in digital yuan given out to trigger CBDC adoption: report

Regional Chinese governments have handed out over 180 million yuan ($26.5 million) during the Chinese Lunar New Year, aiming to...
China’s Communist Party sets ambitious goals for the digital yuan in 2023
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8 February, 2023

China’s Communist Party sets ambitious goals for the digital yuan in 2023

Officials of the Chinese Communist Party (CCP) in Suzhou are eyeing a massive usage spike of the digital yuan in...
China’s Hainan urges service providers to seek approval from regulators amid renewed interest in NFTs
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2 February, 2023

China’s Hainan urges service providers to seek approval from regulators amid renewed interest in NFTs

NFT firms in China are mandated to register before offering their products to the public—a move claimed will prevent the...
China: Upgraded digital yuan now with smart contract function
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24 January, 2023

China: Upgraded digital yuan now with smart contract function

Digital yuan's smart contract functionality was integrated into the food delivery app Meituan, allowing users of the digital yuan to...
China’s digital yuan deployed in securities trade for the first time
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20 January, 2023

China’s digital yuan deployed in securities trade for the first time

Soochow Securities has become the first Chinese firm to use the digital yuan in securities trading and providing technical and...
People’s Bank of China currency report now includes digital yuan
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16 January, 2023

People’s Bank of China currency report now includes digital yuan

Including digital yuan data in the final report is a clear statement of intent by the PBoC to move with...
Court in China rules blockchain-based P2E games are not protected by law
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8 January, 2023

Court in China rules blockchain-based P2E games are not protected by law

Play to earn games and their in-game assets do not have the same levels of investor protection as traditional investments,...
China in global lead with over 1,400 blockchain firms: report
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5 January, 2023

China in global lead with over 1,400 blockchain firms: report

A national white paper revealed that combined, China and the United States account for over half of all global blockchain...
Chinese Communist Party official pleads guilty to aiding BTC miners
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4 January, 2023

Chinese Communist Party official pleads guilty to aiding BTC miners

Xiao Yi was the CCP Secretary in the City of Fuzhou from ‘18 to ‘21, and during that time, he...
China’s CBDC wallet utilizes AliPay’s red packets to boost adoption amid stiff competition
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2 January, 2023

China’s CBDC wallet utilizes AliPay’s red packets to boost adoption amid stiff competition

To boost CBDC wallet adoption and keep up with the payments industry, the PBoC digitally incorporated China's age-old tradition of...