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China

Chinese tourists visiting Hong Kong can now use digital yuan to pay in select stores
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28 July, 2023

Chinese tourists visiting Hong Kong can now use digital yuan to pay in select stores

The move, which began on July 18, follows the launch of a digital yuan shopping festival organized by the Bank...
China: Shanghai unveils plan to improve economy using blockchain, metaverse, CBDCs
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27 July, 2023

China: Shanghai unveils plan to improve economy using blockchain, metaverse, CBDCs

Shanghai’s plans target the development of key sectors, the protection of the environment, and improving the management of operations using...
China eyes cross-border trade with Singapore as CBDC nears $250B transactions
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26 July, 2023

China eyes cross-border trade with Singapore as CBDC nears $250B transactions

Apart from integrating a new wave of cross-border functionalities in its digital yuan, China is looking to drive adoption rates...
Metaverse association tasked to promote industry growth in China’s Zhejiang
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25 July, 2023

Metaverse association tasked to promote industry growth in China’s Zhejiang

The metaverse association kicked off operations with 91 local metaverse companies with plans to increase the size of its members...
Beijing plans to train 10,000 engineers in blockchain and other emerging technologies every year
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23 July, 2023

Beijing plans to train 10,000 engineers in blockchain and other emerging technologies every year

Details from the Beijing Digital Technology Skills Talent Training Implementation Plan will be extended to other innovative technologies like artificial...
Chinese police expose $54M money laundering scheme involving USDT
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22 July, 2023

Chinese police expose $54M money laundering scheme involving USDT

A total of 21 suspects were arrested, with Chinese authorities seizing 40 mobile phones and nearly $30,000. All 21 individuals...
China updates draft rules governing generative AI platforms
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16 July, 2023

China updates draft rules governing generative AI platforms

The latest changes in the initial rules seek to control the use of AI platforms that are reportedly not in...
DBS Bank floats digital yuan offering for corporate clients in China
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11 July, 2023

DBS Bank floats digital yuan offering for corporate clients in China

DBS Bank backs the mass adoption of China's CBDC, laying plans to launch a new offering that would allow mainland...
China’s Jinan city accepts digital yuan as payment for bus rides
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9 July, 2023

China’s Jinan city accepts digital yuan as payment for bus rides

The pilot will run from July 1 until September 30 and is designed to enable administrators to test-run a full-scale...
China tightens rules in exporting metals used for AI chip-making
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8 July, 2023

China tightens rules in exporting metals used for AI chip-making

Export of certain gallium and germanium products requires a Chinese government-issued license with the addition of limits on the amounts...
China Mobile establishes metaverse alliance amid several big tech operations
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5 July, 2023

China Mobile establishes metaverse alliance amid several big tech operations

One of the alliance's objectives is to improve metaverse development in China; it also plans to create an investment fund...
Shanghai eyes nearly $7B from metaverse investment in culture, tourism sectors
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2 July, 2023

Shanghai eyes nearly $7B from metaverse investment in culture, tourism sectors

Following initiatives from neighboring cities, Shanghai is building its metaverse ambitions under a recently published roadmap focusing on revitalizing its...