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China

Beijing bares 2-year metaverse development plan
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28 August, 2022

Beijing bares 2-year metaverse development plan

China’s capital of Beijing sets up an ambitious metaverse technology adoption strategy that aims to showcase its rich culture and...
In China, cities start piloting e-CNY payment in public transport systems
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27 August, 2022

In China, cities start piloting e-CNY payment in public transport systems

China's CBDC adoption is moving ahead as planned, with several cities testing a new electronic payment method that lets users...
China: Bank testing e-CNY smart contract-enabled school fee payment in Sichuan
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21 August, 2022

China: Bank testing e-CNY smart contract-enabled school fee payment in Sichuan

The product is coming first to the city of Chengdu and will be developed by the Digital Research Institute, the...
Shanghai exchange Hotbit suspends services as authorities probe ex-employee
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14 August, 2022

Shanghai exchange Hotbit suspends services as authorities probe ex-employee

Hotbit says that police are investigating an ex-employee for criminal conduct and that its funds have been frozen for this,...
The CoinGeek Pulse Episode 99: Tornado Cash sanctioned, Hodlnaut halts withdrawals, NFTs on Instagram
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12 August, 2022

The CoinGeek Pulse Episode 99: Tornado Cash sanctioned, Hodlnaut halts withdrawals, NFTs on Instagram

U.S. Department of the Treasury's Office of Foreign Assets Control said that cybercriminals regularly used Tornado Cash to launder money...
Chinese municipal bank issues first digital yuan loan holding IP as collateral
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9 August, 2022

Chinese municipal bank issues first digital yuan loan holding IP as collateral

The Rural Commerce Bank of Zhangjiagang, located in China's Suzhou province, has issued the first-ever digital yuan loan backed by...
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