
China: Upgraded digital yuan now with smart contract function
Digital yuan's smart contract functionality was integrated into the food delivery app Meituan, allowing users of the digital yuan to automatically compete in a raffle draw.
Digital yuan's smart contract functionality was integrated into the food delivery app Meituan, allowing users of the digital yuan to automatically compete in a raffle draw.
Soochow Securities has become the first Chinese firm to use the digital yuan in securities trading and providing technical and structural assistance to the PBoC.
Including digital yuan data in the final report is a clear statement of intent by the PBoC to move with a full-scale launch of the CBDC.
Play to earn games and their in-game assets do not have the same levels of investor protection as traditional investments, according to the court ruling.
A national white paper revealed that combined, China and the United States account for over half of all global blockchain companies despite Beijing’s crackdown on Bitcoin.
Xiao Yi was the CCP Secretary in the City of Fuzhou from ‘18 to ‘21, and during that time, he aided miners through electricity assurance, capital aid, and subsidies.
To boost CBDC wallet adoption and keep up with the payments industry, the PBoC digitally incorporated China's age-old tradition of sending red packets, a scheme first introduced by AliPay.
Chinese authorities, acting on a tip-off, launched a massive-scale raid that led to the arrest of 63 people allegedly tied to a money laundering ring using virtual currencies.
The Chinese court placed digital collectibles in the category of virtual property, likening it to the “selling of digital goods through the internet.”
China's foreign exchange bureau says there is a need to regulate and classify the digital asset sector to improve the country's monitoring of illegal forex transactions.
The State Council issued a warning via the state-backed Economic Day that the metaverse might not be fit for some regions, cautioning its citizens against big metaverse bets.
The revised document revealed that Wuhan harbors ambitious plans to build at least two metaverse industrial estates before 2025.