Places China

A new blog post by former IMF official tracked the history of offline CBDCs and why he thinks they should used worldwide to promote financial inclusion.

Chinese authorities also busted a money laundering operation in Fujian where criminals used the digital yuan to launder 200 million RMB.

RRMine considered Singapore as a choice destination due to its accommodating crypto policies and commitment to becoming a global crypto hub.

Due to having its assets frozen as a part of an ongoing investigation, crypto trading platform Hotbit announced it suspended all functions. The exchange said the services will go back to normal as soon as the assets are unfrozen.

The internet regulator vowed to crack down on online promotion of cryptocurrency to protect the financial interests of the people.

Heightening tensions between the U.S. and China, over Taiwan, coincide with market uncertainty and a local top for Bitcoin.

China is doubling efforts to increase digital yuan adoption and usage by creating tailor-made products for the currency.

Angry crowds gathered in Zhengzhou demanding access to their bank deposits. Some say self custody of Bitcoin is the answer.

The BoE proposes involving the use of retail banks and private payment providers as the "interface" for the digital pound.

The hacker reportedly gained access to the Chinese Shanghai police database stealing over 26 terabytes of personal data.

Shenzhen, Guangzhou, and Xiong'an New Area are reportedly gifting citizens roughly 90 million digital yuan in red packets to citizens in a bid to restart the economy following Covid-19.

Move to earn pioneer has announced that they will stop providing services to users in China on July 15

China's state-sponsored Blockchain Services Network is due for international roll out this summer. But some express concerns that it could be a spyware tool.

CCAF claims a significant amount of underground mining activity leveraging off-grid electricity and scattered small-scale operations is responsible for the BTC mining resurgence in China.

The digital yuan continues its expansion in China, adding 11 more cities and regions, totaling 23 cities, to the list of pilot test areas. Most notably, trials will begin in Guangzhou where the Asian Games will be held later this year.

Chinese official had previously stated that the NFT space was dominated by hype and urged government to regulate the space.

Yamaoka expressed his belief that China could create a currency bloc with the rise of its digital Yuan.

The Guangdong Province have been working fiercely towards rectifying virtual currency mining, and today they have raided a massive mining hub.