China to implement blockchain-based identity verification system
China leverages blockchain technology for digital identity verification, introducing RealDID for citizen control and privacy, and advancing the national data infrastructure.
China leverages blockchain technology for digital identity verification, introducing RealDID for citizen control and privacy, and advancing the national data infrastructure.
Taiwan is exploring a digital New Dollar with a completed central bank digital currency proof-of-concept, aiming to streamline payments, enhance security, while eyeing public input for a gradual rollout.
The Monetary Authority of Singapore and People's Bank of China have signed the MOU to allow Chinese and Singaporean tourists to utilize cross-border payments with digital currencies in both countries.
The future of CBDC transactions is on the horizon as more banks onboard China's digital yuan pilot, exploring various use cases that aim to improve the payments industry and cross-border transactions.
China reveals a Three-Year Action Plan to integrate the metaverse, emphasizing cultural, educational, and entertainment sectors, aiming to set global metaverse regulations.
The ChatGPT maker also applied for GPT-4 and GPT-5 in April and July, respectively, despite not being allowed to offer its services in China or Hong Kong.
Alibaba is closing its quantum computing lab to focus on emerging technologies like generative AI—this move lays off 30 employees and will be absorbed by Zhejiang University.
China's digital yuan rollout prompts concerns among point-of-sale manufacturers about potential earnings decline, leading the PBoC to explore incentives for CBDC compatibility amid market challenges.
The new agency will take over some of the roles of the Cyberspace Administration of China, as some experts question whether other government agencies will be as willing to surrender their data.
With the uptick in theft crimes involving digital collections, including NFTs, an evaluation of the characteristics of the tech was released, and the type of theft of digital collections falls under.
China's new AI security guidelines set strict data use rules for developers, emphasizing ethical sourcing and independent audits pre-launch.
With the new regulation released by the National Information Security Standardization Committee of China, AI developers are required to secure and evaluate in training their generative AI models.