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China

China: Authorities arrest 63 people linked to digital asset money laundering ring
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16 December, 2022

China: Authorities arrest 63 people linked to digital asset money laundering ring

Chinese authorities, acting on a tip-off, launched a massive-scale raid that led to the arrest of 63 people allegedly tied...
Court in China grants legal protection on NFTs in landmark case
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10 December, 2022

Court in China grants legal protection on NFTs in landmark case

The Chinese court placed digital collectibles in the category of virtual property, likening it to the “selling of digital goods...
China’s foreign exchange agency seeks tighter control over the digital asset industry
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26 November, 2022

China’s foreign exchange agency seeks tighter control over the digital asset industry

China's foreign exchange bureau says there is a need to regulate and classify the digital asset sector to improve the...
China’s State Council warns against metaverse fever
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13 November, 2022

China’s State Council warns against metaverse fever

The State Council issued a warning via the state-backed Economic Day that the metaverse might not be fit for some...
Wuhan removes NFTs from metaverse plans amid regulatory trouble in China
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11 November, 2022

Wuhan removes NFTs from metaverse plans amid regulatory trouble in China

The revised document revealed that Wuhan harbors ambitious plans to build at least two metaverse industrial estates before 2025.
China’s digital yuan wins big in cross-border pilot but potential pitfalls threaten efforts
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1 November, 2022

China’s digital yuan wins big in cross-border pilot but potential pitfalls threaten efforts

China's adoption rates of its digital yuan have soared since its introduction, but privacy concerns and a gloomy economic outlook...
Hong Kong moving in different direction toward digital assets from mainland China
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25 October, 2022

Hong Kong moving in different direction toward digital assets from mainland China

Hong Kong is moving closer to its goal of becoming an international virtual assets center as it opens its gates...
Macau advances digital currency acceptance, but will casinos accept?
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21 October, 2022

Macau advances digital currency acceptance, but will casinos accept?

Macau is eyeing 'currency in digital format' as legal tender as digital payment adoption rises, and while merchants are expected...
China’s Tianjin province hikes electricity rates to root out miners
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19 October, 2022

China’s Tianjin province hikes electricity rates to root out miners

Tianjin is now the eighth province to hike the rates specifically targeting the miners, but they all insist it’s a...
China’s digital yuan crosses $14B mark, becomes most adopted CBDC globally
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18 October, 2022

China’s digital yuan crosses $14B mark, becomes most adopted CBDC globally

Amid privacy concerns, there has been a strong adoption of China's digital yuan, with transactions using the virtual currency exceeding...
Shenzhen leads China in terms of cross-border CBDC usage: report
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15 October, 2022

Shenzhen leads China in terms of cross-border CBDC usage: report

Shenzhen-based companies single-handedly accounted for $7.3 million in transaction volumes out of the $22 million made by the four participating...
Russia eyes use of digital ruble in transacting with China
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4 October, 2022

Russia eyes use of digital ruble in transacting with China

As the U.S. fortifies its grip on the global financial system, Russia targets to give sanctions-hit countries an opportunity to...