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China

Bank of International Settlement wraps up mBridge cross-border CBDC pilot
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2 October, 2022

Bank of International Settlement wraps up mBridge cross-border CBDC pilot

A month-long CBDC pilot program involving Hong Kong, Thailand, China, and the United Arab Emirates ends with millions in cross-border...
China’s Gansu province warns against BTC mining in national data centers
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1 October, 2022

China’s Gansu province warns against BTC mining in national data centers

The province has been cracking down on block reward miners for the past year and issued the warning amid mega...
Chinese university renames engineering department after metaverse, sets up new major
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30 September, 2022

Chinese university renames engineering department after metaverse, sets up new major

In an attempt to put China at the forefront of tech development, a local university opens a course focusing on...
China’s law enforcement busts $5M virtual currency money laundering ring
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29 September, 2022

China’s law enforcement busts $5M virtual currency money laundering ring

Ninety-three people allegedly tied to money laundering in China face jail time as authorities widened the crackdown on illegal gambling...
China expands CBDC testing to 4 new provinces as adoption rates skyrocket
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24 September, 2022

China expands CBDC testing to 4 new provinces as adoption rates skyrocket

China is embracing the adoption of its digital yuan, as seen in the record-breaking number of citizens piloting the CBDC,...
Beijing bares 2-year metaverse development plan
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28 August, 2022

Beijing bares 2-year metaverse development plan

China’s capital of Beijing sets up an ambitious metaverse technology adoption strategy that aims to showcase its rich culture and...
In China, cities start piloting e-CNY payment in public transport systems
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27 August, 2022

In China, cities start piloting e-CNY payment in public transport systems

China's CBDC adoption is moving ahead as planned, with several cities testing a new electronic payment method that lets users...
China: Bank testing e-CNY smart contract-enabled school fee payment in Sichuan
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21 August, 2022

China: Bank testing e-CNY smart contract-enabled school fee payment in Sichuan

The product is coming first to the city of Chengdu and will be developed by the Digital Research Institute, the...
Shanghai exchange Hotbit suspends services as authorities probe ex-employee
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14 August, 2022

Shanghai exchange Hotbit suspends services as authorities probe ex-employee

Hotbit says that police are investigating an ex-employee for criminal conduct and that its funds have been frozen for this,...
The CoinGeek Pulse Episode 99: Tornado Cash sanctioned, Hodlnaut halts withdrawals, NFTs on Instagram
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12 August, 2022

The CoinGeek Pulse Episode 99: Tornado Cash sanctioned, Hodlnaut halts withdrawals, NFTs on Instagram

U.S. Department of the Treasury's Office of Foreign Assets Control said that cybercriminals regularly used Tornado Cash to launder money...
Chinese municipal bank issues first digital yuan loan holding IP as collateral
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9 August, 2022

Chinese municipal bank issues first digital yuan loan holding IP as collateral

The Rural Commerce Bank of Zhangjiagang, located in China's Suzhou province, has issued the first-ever digital yuan loan backed by...
PBoC to onboard more provinces and cities to China’s CBDC platform
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19 July, 2022

PBoC to onboard more provinces and cities to China’s CBDC platform

Lan Zhou noted that the CBDC had an impressive level of adoption across the test sites—citing that as of May,...