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China

China Mobile proposes metaverse regulation, triggers critics for privacy concerns
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25 August, 2023

China Mobile proposes metaverse regulation, triggers critics for privacy concerns

China Mobile suggests 'Digital Identity System' for metaverse plans that store and share personal data with authorities to keep virtual...
Sichuan’s ambitious metaverse plan to empower digital economy in 2 years
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23 August, 2023

Sichuan’s ambitious metaverse plan to empower digital economy in 2 years

The province of Sichuan in China outlines the ‘Sichuan Metaverse Industry Development Action Plan’ to improve and empower its digital...
China Digital Yuan usage dominated by enterprise and business
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21 August, 2023

China Digital Yuan usage dominated by enterprise and business

As China’s data shows, businesses and governments are interested in digital currencies, so focusing on legal compliance and enterprise usage...
China rolls out interim measures for safe AI usage, lessens restrictions
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20 August, 2023

China rolls out interim measures for safe AI usage, lessens restrictions

Chinese government has outlined new regulations that will standardize innovation in the sector mandating generative AI content to conform to...
Filecoin pyramid scheme sees China charges four in $83 million fraud
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19 August, 2023

Filecoin pyramid scheme sees China charges four in $83 million fraud

The defendants allegedly claimed to be mining FIL, the native token of the Filecoin network, but pocketed the money while...
Chinese law enforcement ramps up monitoring of Web3, AI crimes
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16 August, 2023

Chinese law enforcement ramps up monitoring of Web3, AI crimes

China is intensifying surveillance on Web3 and AI in a bid to prevent financial fraud, digital currency violations, and emerging...
Sam Bankman-Fried takes his prison pills, Ryan Salame takes the fifth
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15 August, 2023

Sam Bankman-Fried takes his prison pills, Ryan Salame takes the fifth

The U.S. prosecutors filed another superseding indictment accusing SBF of stealing “billions of dollars” from FTX customers while Salame invoked...
Hong Kong eyes digital currency interoperability with mainland China
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13 August, 2023

Hong Kong eyes digital currency interoperability with mainland China

To achieve its Web3 goals, Hong Kong seeks collaboration with mainland China through talent exchanges and digital currency service providers.
Shanghai rolls out implementation plan for blockchain integration by 2025
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9 August, 2023

Shanghai rolls out implementation plan for blockchain integration by 2025

Shanghai announces plans to integrate blockchain technology into its digital economy through implementation strategy, Web3 deployment, and the potential of...
Huobi, Tron reject China arrest rumors as stablecoin wars heat up
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8 August, 2023

Huobi, Tron reject China arrest rumors as stablecoin wars heat up

Following the weekend news, Justin Sun tweeted to reassure Tron and Huobi customers that he remained a free man, while...
Shanghai to launch blockchain hub connecting Hong Kong and Singapore by 2025
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8 August, 2023

Shanghai to launch blockchain hub connecting Hong Kong and Singapore by 2025

The government of Shanghai plans to launch a blockchain hub with Hong Kong and Singapore to improve city governance, public...
India, China show high levels of CBDC support: CFA Institute survey
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3 August, 2023

India, China show high levels of CBDC support: CFA Institute survey

CFA Institute reports that countries in the Asia-Pacific region showed the greatest support for launching CBDCs, while advanced economies eyes...