China Crypto News

The Hong Kong banking industry looks to attract corporate crypto business in the wake of Operation Chokepoint 2.0.

The Hong Kong authorities said they were working on establishing a licensing regime for virtual asset service providers by June 2023.

It also comes during a time in which the People's Bank of China (PBOC) has banned the use of other cryptos, such as Bitcoin and Ethereum.

The Chinese billionaire's crypto scheme was also known as "Himalaya Coin."

During the year, Chinese regulators received over 59,000 complaints about NFT-related scams and price manipulations.

WeChat Pay currently has over 1 billion monthly active users and allows for CBDC payments only on certain apps.

Sun said regulations are healthy for the crypto sphere and added that TRON is willing to cooperate with the lawmakers on a global level.

DWF Labs reportedly purchased $10 million worth of CFX tokens from the project's team.

HT has reached its highest value since mid-December.

Alongside its surge in price, Conflux's foundation has burnt close to 500 Million CFX tokens in a bid to make it less inflationary.

The bank is planning to apply for a crypto license so it can offer its digital asset services to customers residing in Hong Kong. 

During the 2023 Spring Festival holidays, several Chinese cities launched roughly 200 activities and distributed nearly 180 million e-CNY.

The Cyberspace Administration of China (CAC) claimed that the Damus app includes content that is illegal in China.

Suzhou is aiming to launch 30 use cases by 2025 — primarily focusing on healthcare, tourism, city administration and education.

Justin Sun said that the U.S. was not the only major player in the crypto industry, advising the community to focus on other countries.

The NFT integration will allow over 200 million Little Red Book users to mint their profile pictures on the Conflux blockchain.

Hong Kong's Financial Secretary Paul Chan said that crypto regulation will follow similar framework as traditional finance.

The attacker used the investor's facial ID to unlock his wallet and transferred the funds to his own address.