China’s Gansu province warns against BTC mining in national data centers
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.
Latest China News
Chinese university renames engineering department after metaverse, sets up new major
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.
China’s law enforcement busts $5M virtual currency money laundering ring
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 expands CBDC testing to 4 new provinces as adoption rates skyrocket
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.
Beijing bares 2-year metaverse development plan
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.
In China, cities start piloting e-CNY payment in public transport systems
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.
China: Bank testing e-CNY smart contract-enabled school fee payment in Sichuan
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.
Shanghai exchange Hotbit suspends services as authorities probe ex-employee
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.
The CoinGeek Pulse Episode 99: Tornado Cash sanctioned, Hodlnaut halts withdrawals, NFTs on Instagram
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.
Chinese municipal bank issues first digital yuan loan holding IP as collateral
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.
PBoC to onboard more provinces and cities to China’s CBDC platform
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.
Shanghai 5-year digital economy development plan includes NFTs, web3, metaverse
Shanghai's blockchain adoption plans include creating an innovation system with blockchain and promoting the development of its ecosystem with strong innovation capabilities and independent control.