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China

China proclaims Web3 policy, hails new opportunities, downplays surveillance
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22 December, 2023

China proclaims Web3 policy, hails new opportunities, downplays surveillance

China's MIIT replied to a proposal submitted during the First Session of the 14th Chinese People's Political Consultative Conference in...
China to implement blockchain-based identity verification system
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20 December, 2023

China to implement blockchain-based identity verification system

China leverages blockchain technology for digital identity verification, introducing RealDID for citizen control and privacy, and advancing the national data...
Taiwan’s central bank completes CBDC feasibility study
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15 December, 2023

Taiwan’s central bank completes CBDC feasibility study

Taiwan is exploring a digital New Dollar with a completed central bank digital currency proof-of-concept, aiming to streamline payments, enhance...
China, Singapore launch digital yuan cross-border payments pilot for tourists
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14 December, 2023

China, Singapore launch digital yuan cross-border payments pilot for tourists

The Monetary Authority of Singapore and People's Bank of China have signed the MOU to allow Chinese and Singaporean tourists...
China’s digital yuan pilot gathers steam
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9 December, 2023

China’s digital yuan pilot gathers steam

The future of CBDC transactions is on the horizon as more banks onboard China's digital yuan pilot, exploring various use...
China 3-year Action Plan involves deploying metaverse in key sectors of the economy
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7 December, 2023

China 3-year Action Plan involves deploying metaverse in key sectors of the economy

China reveals a Three-Year Action Plan to integrate the metaverse, emphasizing cultural, educational, and entertainment sectors, aiming to set global...
OpenAI applies for GPT-6, GPT-7 trademarks in China: report
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5 December, 2023

OpenAI applies for GPT-6, GPT-7 trademarks in China: report

The ChatGPT maker also applied for GPT-4 and GPT-5 in April and July, respectively, despite not being allowed to offer...
Alibaba shuts down quantum computing unit to focus on AI research
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3 December, 2023

Alibaba shuts down quantum computing unit to focus on AI research

Alibaba is closing its quantum computing lab to focus on emerging technologies like generative AI—this move lays off 30 employees...
Digital yuan’s merchant fee removal worries point-of-sale manufacturers
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26 November, 2023

Digital yuan’s merchant fee removal worries point-of-sale manufacturers

China's digital yuan rollout prompts concerns among point-of-sale manufacturers about potential earnings decline, leading the PBoC to explore incentives for...
China national data agency to spur digital economy and AI aspirations
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22 November, 2023

China national data agency to spur digital economy and AI aspirations

The new agency will take over some of the roles of the Cyberspace Administration of China, as some experts question...
Stealing NFTs in China is criminal offense
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16 November, 2023

Stealing NFTs in China is criminal offense

With the uptick in theft crimes involving digital collections, including NFTs, an evaluation of the characteristics of the tech was...
China AI security requirements target developers launching products
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14 November, 2023

China AI security requirements target developers launching products

China's new AI security guidelines set strict data use rules for developers, emphasizing ethical sourcing and independent audits pre-launch.