China Plans a National Strategy for the Development of the Web3 Industry
China announced its commitment to provide clarity on its Web3 strategy, with a special focus on the development of new business models such as non-fungible tokens
china (Latest Publications)
Binance Employees Help Users Bypass KYC in China; CNBC Report
Amidst China’s crackdown on cryptocurrency, the world’s largest crypto exchange by volume and assets, Binance, has been banned from operating within the country. However, Binance employees
China Projects the Idea of an Asian Digital Currency to Reduce Reliance on the US Dollar
Researchers from the think tank in China have proposed the idea to introduce an Asia-wide digital currency in the future. The idea was proposed by China
Chinese CBDC Transaction Volume Breaches $14B Mark: Report
The Chinese Central Bank Digital Currency (CBDC), e-CNY, has become the largest adopted CBDC in the world surpassing nearly $14 billion, or 100.04 billion yuan transactions
CBDC may be Used as Settlement Tool Between Russia and China
A senior Russian senator said that after establishing a digital rouble early next year, Russia intends to utilize the currency in mutual settlements with China as it
China Warns Bitcoin Value Could Drop to Zero
The crypto market is currently plagued with a persistent bearish pattern. Bitcoin has touched $17K, sending shockwaves in the entire market. However, speculators in China have
WeChat Plans to Ban Crypto and NFT-Related Accounts
WeChat is China’s alternative to popular social media platforms, like Messenger and WhatsApp. Recently, WeChat has taken steps forward and has decided to ban any accounts
Shenzhen Will Give Away 15 Million Digital Yuan to Local Residents via WeChat Raffle
In a move to further promote CBDC, the Chinese government has announced plans to give citizens of Shenzhen digital yuan. A district in Shenzhen’s Futian district
According to the PBC the Global Share of Bitcoin Transactions in China Has Dropped From 90% To 10%
China is one of the countries that has gone to great lengths to prohibit and criminalize the use of cryptocurrencies. In a recent article, the People’s
China-backed BSN to launch introduce infrastructure to support NFTs
China wants to cash in on the NFT hype but wants to stay far away from cryptocurrencies such as Bitcoin [BTC].
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