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China

China’s banking regulators issue warning against NFTs
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18 April, 2022

China’s banking regulators issue warning against NFTs

The three watchdogs warned against including securities as underlying commodities for NFTs, using digital currencies to pay for them, or...
China doubles digital yuan pilots as it targets upcoming Asian Games
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12 April, 2022

China doubles digital yuan pilots as it targets upcoming Asian Games

China’s central bank plans to expand the pilot to Xiamen, Fuzhou, Tianjin, and cities in Zhejiang province, which will be...
WeChat suspends NFT accounts to ‘avoid speculation in digital assets’
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3 April, 2022

WeChat suspends NFT accounts to ‘avoid speculation in digital assets’

In a statement, WeChat said that official verified accounts could display digital collectibles, but secondary sales are banned due to...
Shanghai police bust $16M digital currency pyramid scheme
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19 March, 2022

Shanghai police bust $16M digital currency pyramid scheme

A digital asset pyramid scheme that allegedly defrauded over RMB 100 million from 60,000 Chinese investors has been busted by...
China seizes 190 illegal miners disguised as EV charging station
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12 March, 2022

China seizes 190 illegal miners disguised as EV charging station

Authorities in Guangzhou cracked down on the mining farm, which consumed over 90,000 kWh but managed to remain hidden by...
China central banker urges for regulatory changes to accommodate digital yuan
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11 March, 2022

China central banker urges for regulatory changes to accommodate digital yuan

An official from Nanjing city wants the law amended to clarify the digital yuan’s position in the payment system, including...
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