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China

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...
PBoC to onboard more provinces and cities to China’s CBDC platform
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19 July, 2022

PBoC to onboard more provinces and cities to China’s CBDC platform

Lan Zhou noted that the CBDC had an impressive level of adoption across the test sites—citing that as of May,...
Shanghai 5-year digital economy development plan includes NFTs, web3, metaverse
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19 July, 2022

Shanghai 5-year digital economy development plan includes NFTs, web3, metaverse

Shanghai's blockchain adoption plans include creating an innovation system with blockchain and promoting the development of its ecosystem with strong...
The CoinGeek Pulse Episode 94: Voyager files bankruptcy, DoJ goes after ‘crypto’ frauds, Meta shuts down Novi
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8 July, 2022

The CoinGeek Pulse Episode 94: Voyager files bankruptcy, DoJ goes after ‘crypto’ frauds, Meta shuts down Novi

Meta is shutting down its Novi wallet. The social media company is asking its users to withdraw their funds—either by...
Chinese tech giants join ‘self-discipline initiative’ to fight speculation on NFT marketplaces
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8 July, 2022

Chinese tech giants join ‘self-discipline initiative’ to fight speculation on NFT marketplaces

The "self-regulatory initiative" is led by the Chinese Cultural Industry Association, which was joined by China's largest tech firms, including...
China court says Tether stablecoin ‘should not be circulated’
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8 July, 2022

China court says Tether stablecoin ‘should not be circulated’

A Chinese court has ruled that local companies can’t pay their workers’ wages with USDT (aka Tether) because the government—like...
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