Shenzhen gives away free 30M digital yuan to attract consumer spending
The airdrop is a joint effort with Meituan Dianping, one of China's leading food delivery apps, according to a statement from Shenzhen authorities.
The airdrop is a joint effort with Meituan Dianping, one of China's leading food delivery apps, according to a statement from Shenzhen authorities.
A recent article detailed the situation surrounding the crash of UST and Terra and described it as a "black swan" event that wiped out over $42 billion of investors' money.
U.S. senators have proposed a bill that will prohibit application stores like Google and Apple from hosting apps supporting digital yuan as a payment method.
In the document it released on May 25, the Supreme People's Court of China outlined that the proposal could accelerate the transformation of the local judicial system.
According to a local news outlet, the court made the statement in a case reference book it shared via WeChat titled "Does Bitcoin Have Property? How to perform return delivery?"
The country is now testing the digital yuan—e-CNY—for use in payments of tax, stamp duty, and social security premiums with Zhejiang, a province in Eastern China, pioneering the effort.
An unknown user of NFT China marketplace has reportedly minted a copyrighted artwork of Ma Qianli, which features a cartoon tiger receiving a vaccine shot, according to local media outlets.
BSV Blockchain launched an online platform in China called the "CSDN Blockchain Engineer Qualification program," which aims to help bitcoin beginners learn how to store data in a Bitcoin network.
The three watchdogs warned against including securities as underlying commodities for NFTs, using digital currencies to pay for them, or direct NFT investment by banks.
China’s central bank plans to expand the pilot to Xiamen, Fuzhou, Tianjin, and cities in Zhejiang province, which will be hosting the Asian Games in September.
In a statement, WeChat said that official verified accounts could display digital collectibles, but secondary sales are banned due to their speculative nature.
A digital asset pyramid scheme that allegedly defrauded over RMB 100 million from 60,000 Chinese investors has been busted by police in Shanghai.