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China

China’s digital yuan sees dismal adoption in Hong Kong
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7 March, 2023

China’s digital yuan sees dismal adoption in Hong Kong

Despite a renewed push by the Chinese central bank to woo users in Hong Kong, only 625 hard wallets were...
Courts losing patience with crypto’s ‘it’s Chinatown’ defense
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27 February, 2023

Courts losing patience with crypto’s ‘it’s Chinatown’ defense

U.S. District Judge Kenneth Marra found ‘The Ren Project’ in civil contempt after it failed to reply to a ‘show...
Tencent reshuffles metaverse department amid rumors of disbandment
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21 February, 2023

Tencent reshuffles metaverse department amid rumors of disbandment

Tencent remains mum over rumors of plans to dissolve its XR unit but confirms that a "personnel reshuffle" would take...
China eyes industrialization of blockchain tech with new research hub in Beijing
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14 February, 2023

China eyes industrialization of blockchain tech with new research hub in Beijing

BABEC, one of the institutions behind China's ChainMaker, was selected to run the National Blockchain Technology Innovation Center in Beijing...
Lunar New Year sees $26M in digital yuan given out to trigger CBDC adoption: report
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9 February, 2023

Lunar New Year sees $26M in digital yuan given out to trigger CBDC adoption: report

Regional Chinese governments have handed out over 180 million yuan ($26.5 million) during the Chinese Lunar New Year, aiming to...
China’s Communist Party sets ambitious goals for the digital yuan in 2023
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8 February, 2023

China’s Communist Party sets ambitious goals for the digital yuan in 2023

Officials of the Chinese Communist Party (CCP) in Suzhou are eyeing a massive usage spike of the digital yuan in...
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