China has inaugurated a digital yuan (e‑CNY) operations centre in Shanghai, a move aimed at accelerating the integration of its central bank digital currency (CBDC) into cross‑border and domestic payment networks, according to reports. … [Read more...] about China launches digital yuan operations centre as global ambitions intensify
China escalates crypto crackdown with new anti-money laundering regulations
China has intensified its regulatory scrutiny of cryptocurrency activities by formally classifying crypto transactions as a form of money laundering under updated anti-money laundering (AML) laws. This development marks a significant escalation in the country’s ongoing crackdown on digital assets, further tightening the noose around what Beijing views as a major financial risk. … [Read more...] about China escalates crypto crackdown with new anti-money laundering regulations
China sets its sights on the metaverse with ambitious three-year action plan
Marking a strategic leap into the next frontier of technology and economy, China has unveiled a comprehensive three-year action plan aimed at propelling its development in the rapidly evolving metaverse sector. … [Read more...] about China sets its sights on the metaverse with ambitious three-year action plan
Hong Kong to issue crypto exchange licenses and allow retail investors to trade coins
Crypto companies are making a comeback before the new regulation kicks in … [Read more...] about Hong Kong to issue crypto exchange licenses and allow retail investors to trade coins
Foreign visitors to China will be able to use the digital yuan without a local bank account
The Central Bank of China has published a whitepaper detailing the national digital currency and its technical data … [Read more...] about Foreign visitors to China will be able to use the digital yuan without a local bank account
China’s region tries to ban crypto mining farms
China’s Inner Mongolia region studies the initiative to limit high energy consumption activities, including crypto mining … [Read more...] about China’s region tries to ban crypto mining farms
China’s JD.com joins digital yuan testing
JD.com Inc. will become the first online retailer to add support for government-backed digital currency … [Read more...] about China’s JD.com joins digital yuan testing
China to launch the second digital yuan testing in Beijing
Chinese authorities expect the upcoming pilot project to become the biggest for new cryptocurrency and will resemble the earlier testing in Shenzhen … [Read more...] about China to launch the second digital yuan testing in Beijing