China

China’s new powerful financial regulator could deal a big blow to digital assets
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14 March, 2023

China’s new powerful financial regulator could deal a big blow to digital assets

The Chinese government wants to consolidate three top insurance and financial regulators into one powerful entity that would also take...
China’s parliament member calls for NFT regulations at ‘Two Sessions’
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12 March, 2023

China’s parliament member calls for NFT regulations at ‘Two Sessions’

Feng Qiya, a member of parliament, says that the deliberations will cut through technological and regulatory aspects to unify China’s...
WeChat adds digital yuan to payment platform as People’s Bank of China pushes for wider adoption
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11 March, 2023

WeChat adds digital yuan to payment platform as People’s Bank of China pushes for wider adoption

WeChat is lending the central bank a hand to support China's CBDC ambition by integrating the e-CNY in WeChat Pay,...
China’s digital yuan sees dismal adoption in Hong Kong
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7 March, 2023

China’s digital yuan sees dismal adoption in Hong Kong

Despite a renewed push by the Chinese central bank to woo users in Hong Kong, only 625 hard wallets were...
Courts losing patience with crypto’s ‘it’s Chinatown’ defense
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27 February, 2023

Courts losing patience with crypto’s ‘it’s Chinatown’ defense

U.S. District Judge Kenneth Marra found ‘The Ren Project’ in civil contempt after it failed to reply to a ‘show...
Tencent reshuffles metaverse department amid rumors of disbandment
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21 February, 2023

Tencent reshuffles metaverse department amid rumors of disbandment

Tencent remains mum over rumors of plans to dissolve its XR unit but confirms that a "personnel reshuffle" would take...
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