China

China proclaims Web3 policy, hails new opportunities, downplays surveillance
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22 December, 2023

China proclaims Web3 policy, hails new opportunities, downplays surveillance

China's MIIT replied to a proposal submitted during the First Session of the 14th Chinese People's Political Consultative Conference in...
China to implement blockchain-based identity verification system
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20 December, 2023

China to implement blockchain-based identity verification system

China leverages blockchain technology for digital identity verification, introducing RealDID for citizen control and privacy, and advancing the national data...
Taiwan’s central bank completes CBDC feasibility study
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15 December, 2023

Taiwan’s central bank completes CBDC feasibility study

Taiwan is exploring a digital New Dollar with a completed central bank digital currency proof-of-concept, aiming to streamline payments, enhance...
China, Singapore launch digital yuan cross-border payments pilot for tourists
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14 December, 2023

China, Singapore launch digital yuan cross-border payments pilot for tourists

The Monetary Authority of Singapore and People's Bank of China have signed the MOU to allow Chinese and Singaporean tourists...
China’s digital yuan pilot gathers steam
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9 December, 2023

China’s digital yuan pilot gathers steam

The future of CBDC transactions is on the horizon as more banks onboard China's digital yuan pilot, exploring various use...
China 3-year Action Plan involves deploying metaverse in key sectors of the economy
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7 December, 2023

China 3-year Action Plan involves deploying metaverse in key sectors of the economy

China reveals a Three-Year Action Plan to integrate the metaverse, emphasizing cultural, educational, and entertainment sectors, aiming to set global...
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