China

April 12, 2024

Fraud victims want China to recover $4.3B worth of Bitcoin seized by UK police

Victims of an investment fraud scheme orchestrated by an electronics company in China are seeking to recover $4.3 billion worth of Bitcoin with the assistance of […]
April 01, 2024

Chinese gov’t launches public blockchain infrastructure platform with Conflux Network

The Chinese government has initiated a new public blockchain infrastructure platform spearheaded by Conflux Network. This platform, named the “Ultra-Large Scale Blockchain Infrastructure Platform for the […]
February 27, 2024

Chinese ministry posts warning about fake digital yuan app

An allegedly fake digital yuan app has been uncovered, as reported in a post on WeChat attributed to the Chinese Ministry of Industry and Information Technology. […]
December 29, 2023

China calls for crackdown on Tether stablecoin in illegal forex trading

China’s Supreme People’s Procuratorate has warned that using Tether as a medium of exchange between local and foreign currency is illegal.   Chinese authorities are taking […]
December 22, 2023

China proposes ban on converting game tokens to fiat currency

The General Administration of Press and Publication of China aims to restrict the scope of activities related to in-game tokens.   The General Administration of Press […]
October 13, 2023

China opens industrial park for digital yuan CBDC development in Shenzhen

The government is incentivizing new residents to come develop payment solutions, smart contracts, hard wallets and promotions for the digital yuan.   On October 11, China […]
September 26, 2023

Digital yuan app adds prepaid Mastercard, Visa top-ups for tourists

The e-CNY app now allows tourists to top-up their wallets using Mastercard and Visa payments with a “recharge first and use later” option.   Tourists who […]

China to build AI chip factory as global semiconductor race intensifies

Chinese scientists are reportedly considering constructing massive facilities to manufacture the technology necessary to create AI semiconductor chips locally.   China aims to construct factories for […]
September 04, 2023

Bank of China: Platforms must provide digital yuan retail payment option

In the short term, e-commerce platforms can integrate the CBDC through QR codes.   As China’s digital yuan, a central bank digital currency (CBDC), undergoes technological […]

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