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China

Chinese police crack down on digital yuan fraud ring
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18 November, 2021

Chinese police crack down on digital yuan fraud ring

Local authorities received a report from a woman who claimed she had been defrauded through a well-orchestrated digital yuan scam.
Beijing earmarks $37M funding for blockchain platform, computing center
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15 November, 2021

Beijing earmarks $37M funding for blockchain platform, computing center

The "Beijing Municipal Experimental Blockchain Platform" project aims to store information of residents and city facilities and manage government affairs...
ASIC maker Canaan sues chip developer Highsharp over patent infringement
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11 November, 2021

ASIC maker Canaan sues chip developer Highsharp over patent infringement

Canaan wants $14 million from China’s Highsharp, a chip developer which has partnered with AGM Holdings, the newest entrant in...
Chinese police seize $62M in ETH and FIL from Filecoin mining scammers
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11 November, 2021

Chinese police seize $62M in ETH and FIL from Filecoin mining scammers

Police in the city of Xuzhou has taken down an alleged ring of scammers associated with Filecoin miner maker IPFSUnion,...
PBoC: 10% of Chinese citizens have used digital yuan with $10B in transactions
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9 November, 2021

PBoC: 10% of Chinese citizens have used digital yuan with $10B in transactions

The Chinese central bank revealed the figures at a recent event, adding that there are now 10 million corporate accounts...
Laos targets $194M in revenue from block reward miners
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5 November, 2021

Laos targets $194M in revenue from block reward miners

Laos has licensed six block reward miners, and according to one government official, they should bring in close to $200...
China close to releasing national blockchain standards, official reveals
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3 November, 2021

China close to releasing national blockchain standards, official reveals

An official at China’s national standardization agency has revealed that blockchain standards have been drafted and await approval to debut...
Beijing joins digital currency pilot testing with e-CNY enterprise zone
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2 November, 2021

Beijing joins digital currency pilot testing with e-CNY enterprise zone

An e-CNY enterprise zone is to be launched by the Municipal Administrative Center of Beijing to explore the digital renminbi...
China urges US companies to accept digital yuan
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27 October, 2021

China urges US companies to accept digital yuan

The digital yuan pilot started in Shanghai with 270 McDonald's branches accepting central bank digital currency as payment, although reports...
China’s tax agency asks gov’t to impose digital currency taxes
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26 October, 2021

China’s tax agency asks gov’t to impose digital currency taxes

The agency published a piece in an official tax newspaper, urging the government to start taxing digital currencies, even though...
US overtakes China in terms of digital currency hash power
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25 October, 2021

US overtakes China in terms of digital currency hash power

According to Cambridge Centre for Alternative Finance’s BTC mining map, US overtook China as the country with the majority of...
China’s top economic planner calls for public feedback on mining ban
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25 October, 2021

China’s top economic planner calls for public feedback on mining ban

The top state planning agency in China is seeking public opinion on block reward mining, a month after it listed...