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China

Shanghai Clearing House floats digital yuan services for commodity trading
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30 June, 2023

Shanghai Clearing House floats digital yuan services for commodity trading

One of the changes of the new regime is abolishing the 2022 “Guidelines for the Spot Clearing Business of Bulk...
Malaysia, China strike partnership to explore AI usage for cross-border blockchain-based applications
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26 June, 2023

Malaysia, China strike partnership to explore AI usage for cross-border blockchain-based applications

The research between China and Malaysia is part of China's government-to-government (G2G) initiative spearheaded by the Ministry of Science and...
Second iteration of cross-border CBDC pilot between China, Hong Kong falters
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24 June, 2023

Second iteration of cross-border CBDC pilot between China, Hong Kong falters

The CBDC pilot initiative hit a road bump following several user complaints, including the limited number of merchants accepting the...
China’s Nanjing City district unveils new metaverse ambitions
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18 June, 2023

China’s Nanjing City district unveils new metaverse ambitions

Nanjing City's metaverse roadmap will follow a three-year plan and leverage other innovative technology, including AI, NFTs, and cloud computing.
Standard Chartered, PwC see potential for programmable CBDCs in China’s Greater Bay Area
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10 June, 2023

Standard Chartered, PwC see potential for programmable CBDCs in China’s Greater Bay Area

The "Co-creating the future ecosystem with Central Bank Digital Currencies" white paper notes that China's Greater Bay Area is prime...
Expert views Hong Kong as China’s digital asset regulatory sandbox
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9 June, 2023

Expert views Hong Kong as China’s digital asset regulatory sandbox

Angelina Kwan, CEO of Stratford Finance and former Hong Kong SFC regulator, hinted that the new rules for digital exchanges...
SEC summons CZ, more Binance dirty laundry exposed
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8 June, 2023

SEC summons CZ, more Binance dirty laundry exposed

The summons to Changpeng Zhao and his Cayman-based Binance Holdings Ltd formally alerts the defendants that they have 21 days...
Paper critique: ‘The Birth of Crypto Place on the Blockchain’
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6 June, 2023

Paper critique: ‘The Birth of Crypto Place on the Blockchain’

An aspect of the paper that fails to analyze the technology correctly is a false determination that Bitcoin and related...
Beijing’s new Web3 white paper seeks to foster industry innovation
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1 June, 2023

Beijing’s new Web3 white paper seeks to foster industry innovation

Beijing’s white paper divides Web3 into four distinct areas: the infrastructure, interactive terminal, platform tool, and application layers.
China’s Nanjing launches metaverse platform to advance research and development
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31 May, 2023

China’s Nanjing launches metaverse platform to advance research and development

Former Vice Minister of Science and Technology Wu Zhong-ze claimed that Nanjing's metaverse platform would contribute to standards and guidelines...
China expands digital yuan pilot for SME loans to trigger widespread usage
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23 May, 2023

China expands digital yuan pilot for SME loans to trigger widespread usage

Banking officials state that relying on CBDCs for SME loans can ensure "the authenticity and credibility of the closed-loop circulation...
China: Residents warned vs investing in NFTs amid rising interest
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21 May, 2023

China: Residents warned vs investing in NFTs amid rising interest

Non-fungible tokens are subject to illicit vices like unauthorized fundraising, scams, and price manipulations that put investors at risk, according...