The province has been cracking down on block reward miners for the past year and issued the warning amid mega data center construction in Western China.
In an attempt to put China at the forefront of tech development, a local university opens a course focusing on the metaverse under a new department named after the virtual world.
Ninety-three people allegedly tied to money laundering in China face jail time as authorities widened the crackdown on illegal gambling and heightened their monitoring of the digital asset sector.
China is embracing the adoption of its digital yuan, as seen in the record-breaking number of citizens piloting the CBDC, leading the PBoC to expand the trial to four more commercial hubs.
China’s capital of Beijing sets up an ambitious metaverse technology adoption strategy that aims to showcase its rich culture and promote tourism while pioneering innovations tied to blockchain.
China's CBDC adoption is moving ahead as planned, with several cities testing a new electronic payment method that lets users pay for their transport fares using digital yuan.
The product is coming first to the city of Chengdu and will be developed by the Digital Research Institute, the Chengdu Longquanyi District Education Bureau and Tianfutong Financial Services.
Hotbit says that police are investigating an ex-employee for criminal conduct and that its funds have been frozen for this, impacting its day-to-day operations.
U.S. Department of the Treasury's Office of Foreign Assets Control said that cybercriminals regularly used Tornado Cash to launder money amounting to more than US$7 billion since 2019.
The Rural Commerce Bank of Zhangjiagang, located in China's Suzhou province, has issued the first-ever digital yuan loan backed by intellectual property as collateral.
Lan Zhou noted that the CBDC had an impressive level of adoption across the test sites—citing that as of May, Chinese consumers had done a cumulative 264 million transactions amounting.