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China

Russia eyes use of digital ruble in transacting with China
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4 October, 2022

Russia eyes use of digital ruble in transacting with China

As the U.S. fortifies its grip on the global financial system, Russia targets to give sanctions-hit countries an opportunity to...
Bank of International Settlement wraps up mBridge cross-border CBDC pilot
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2 October, 2022

Bank of International Settlement wraps up mBridge cross-border CBDC pilot

A month-long CBDC pilot program involving Hong Kong, Thailand, China, and the United Arab Emirates ends with millions in cross-border...
China’s Gansu province warns against BTC mining in national data centers
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1 October, 2022

China’s Gansu province warns against BTC mining in national data centers

The province has been cracking down on block reward miners for the past year and issued the warning amid mega...
Chinese university renames engineering department after metaverse, sets up new major
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30 September, 2022

Chinese university renames engineering department after metaverse, sets up new major

In an attempt to put China at the forefront of tech development, a local university opens a course focusing on...
China’s law enforcement busts $5M virtual currency money laundering ring
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29 September, 2022

China’s law enforcement busts $5M virtual currency money laundering ring

Ninety-three people allegedly tied to money laundering in China face jail time as authorities widened the crackdown on illegal gambling...
China expands CBDC testing to 4 new provinces as adoption rates skyrocket
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24 September, 2022

China expands CBDC testing to 4 new provinces as adoption rates skyrocket

China is embracing the adoption of its digital yuan, as seen in the record-breaking number of citizens piloting the CBDC,...
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