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China: Authorities arrest 63 people linked to digital asset money laundering ring
Chinese authorities, acting on a tip-off, launched a massive-scale raid that led to the arrest of 63 people allegedly tied...
Court in China grants legal protection on NFTs in landmark case
The Chinese court placed digital collectibles in the category of virtual property, likening it to the “selling of digital goods...
China’s foreign exchange agency seeks tighter control over the digital asset industry
China's foreign exchange bureau says there is a need to regulate and classify the digital asset sector to improve the...
China’s State Council warns against metaverse fever
The State Council issued a warning via the state-backed Economic Day that the metaverse might not be fit for some...
Wuhan removes NFTs from metaverse plans amid regulatory trouble in China
The revised document revealed that Wuhan harbors ambitious plans to build at least two metaverse industrial estates before 2025.
China’s digital yuan wins big in cross-border pilot but potential pitfalls threaten efforts
China's adoption rates of its digital yuan have soared since its introduction, but privacy concerns and a gloomy economic outlook...
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