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China

China expands digital yuan pilot for SME loans to trigger widespread usage
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23 May, 2023

China expands digital yuan pilot for SME loans to trigger widespread usage

Banking officials state that relying on CBDCs for SME loans can ensure "the authenticity and credibility of the closed-loop circulation...
China: Residents warned vs investing in NFTs amid rising interest
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21 May, 2023

China: Residents warned vs investing in NFTs amid rising interest

Non-fungible tokens are subject to illicit vices like unauthorized fundraising, scams, and price manipulations that put investors at risk, according...
Fuzhou lures Web3 firms with incentives to set up shop in the city
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20 May, 2023

Fuzhou lures Web3 firms with incentives to set up shop in the city

After baring its metaverse ambitions, China is now focusing on fortifying its Web3 ecosystem, with Fuzhou leading the way by...
China moves ahead with national blockchain center launch to broaden talent pool
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17 May, 2023

China moves ahead with national blockchain center launch to broaden talent pool

The director of the new National Blockchain Technology Innovation Center remarked that the institute would equip up to 500,000 specialists...
China’s top court declares digital currencies can be used to settle debt
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13 May, 2023

China’s top court declares digital currencies can be used to settle debt

The Supreme Court will only enforce such contracts if they were made before September 2017 when China banned ICOs, and...
China arrests man accused of spreading ChatGPT-generated fake news: report
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12 May, 2023

China arrests man accused of spreading ChatGPT-generated fake news: report

This is the first time Chinese authorities have arrested an individual over the use of artificial intelligence (AI) platforms like...
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