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China

Chinese police expose $54M money laundering scheme involving USDT
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22 July, 2023

Chinese police expose $54M money laundering scheme involving USDT

A total of 21 suspects were arrested, with Chinese authorities seizing 40 mobile phones and nearly $30,000. All 21 individuals...
China updates draft rules governing generative AI platforms
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16 July, 2023

China updates draft rules governing generative AI platforms

The latest changes in the initial rules seek to control the use of AI platforms that are reportedly not in...
DBS Bank floats digital yuan offering for corporate clients in China
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11 July, 2023

DBS Bank floats digital yuan offering for corporate clients in China

DBS Bank backs the mass adoption of China's CBDC, laying plans to launch a new offering that would allow mainland...
China’s Jinan city accepts digital yuan as payment for bus rides
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9 July, 2023

China’s Jinan city accepts digital yuan as payment for bus rides

The pilot will run from July 1 until September 30 and is designed to enable administrators to test-run a full-scale...
China tightens rules in exporting metals used for AI chip-making
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8 July, 2023

China tightens rules in exporting metals used for AI chip-making

Export of certain gallium and germanium products requires a Chinese government-issued license with the addition of limits on the amounts...
China Mobile establishes metaverse alliance amid several big tech operations
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5 July, 2023

China Mobile establishes metaverse alliance amid several big tech operations

One of the alliance's objectives is to improve metaverse development in China; it also plans to create an investment fund...
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