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China

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...
Chinese court ruling invalidates 2019 car sale contract settled with digital currency
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26 June, 2022

Chinese court ruling invalidates 2019 car sale contract settled with digital currency

Shanghai Fengxian People's Court said in its ruling that using the digital token instead of fiat money made the sales...
Tencent forms ‘extended reality’ unit to further metaverse development
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25 June, 2022

Tencent forms ‘extended reality’ unit to further metaverse development

The unit will be headed by Tencent Games Global's Chief Technology Officer Li Shen and will be part of the...
WeChat bans NFT and digital asset-related accounts—again
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24 June, 2022

WeChat bans NFT and digital asset-related accounts—again

WeChat has announced a ban on accounts related to Bitcoin and NFTs for the second time in three months, even...
Chinese block reward mining chip designer files for Nasdaq IPO with SEC
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19 June, 2022

Chinese block reward mining chip designer files for Nasdaq IPO with SEC

Nano Labs was founded by Jianping and Sun Qifeng, former executives of Canaan, which currently produces HTC chips used in...
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