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China

China bares CBDC upgrade; Australia’s Project Acacia underway
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20 November, 2024

China bares CBDC upgrade; Australia’s Project Acacia underway

In a bid to boost CBDC adoption, China steps up its game by upgrading its digital yuan hardware wallet, while...
China supreme court adds ‘virtual assets’ to anti-money laundering law
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21 August, 2024

China supreme court adds ‘virtual assets’ to anti-money laundering law

China's Supreme People's Court and the Supreme People's Procuratorate announced that under the new interpretation of the law, "virtual asset"...
Google searches for ‘onchain’ surge
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30 July, 2024

Google searches for ‘onchain’ surge

After hitting a new high in early June, Google searches for ‘onchain’ have stayed high as blockchain technology continues to...
UAE opts for US over China on AI collaboration
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23 June, 2024

UAE opts for US over China on AI collaboration

Omar Al Olama, the UAE’s Minister of State for AI, revealed the country’s stance in an interview, saying, “There is...
Big Chinese banks announce involvement in mBridge CBDC project
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18 June, 2024

Big Chinese banks announce involvement in mBridge CBDC project

The BIS announced that its mBrdige had entered the Minimum Viable Product stage and revealed that Saudi Arabia's central bank...
HSBC extends digital yuan services for corporate clients, eyes new use cases
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16 June, 2024

HSBC extends digital yuan services for corporate clients, eyes new use cases

With talks of the commercial rollout of the digital yuan just around the corner, HSBC has started offering corporate clients...
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