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China
China Launches Smart-Contract Functionality on Digital Yuan Through E-Commerce App Meituan
Through the smart contract, users can win part of a daily prize of $1,312 for using the digital yuan.
China's Digital Yuan Used to Buy Securities for the First Time: Report
Last week, the country also added a function to its e-CNY payment app that allows users to make payments offline.
China Includes Digital Yuan in Cash Circulation Data
The People’s Bank of China included the country's digital currency in calculations of the amount of currency in circulation in December for the first time, with e-CNY representing 0.13% of cash and reserves held by the central bank. "The Hash" panel discusses what this means for the adoption of central bank digital currencies (CBDC).
China Includes Digital Yuan in Cash Circulation Data for First Time
The digital yuan, e-CNY, represented 0.13% of cash and reserves held by the central bank.
China Is Launching a State-Backed NFT Marketplace: Report
China is launching its first state-backed non-fungible token (NFT) marketplace, according to a report by the Chinese state media outlet China Daily. It's the latest sign of the country embracing a technology that has occupied a legal gray area. "The Hash" panel discusses China entering the NFT scene and what this means for the state of crypto.
China to Launch First National ‘Digital Asset’ Marketplace
While trading digital collectibles has been popular among Chinese collectors through heavily regulated marketplaces, this is the country’s first official foray into NFTs.
Chinese Police Arrest 63 People Accused of Laundering $1.7B Using Cryptocurrency
The illicit funds were converted into tether and then laundered by people around the world.
What China's Protests Mean for Crypto
Protests have swept across China as demonstrators take to the streets in opposition of tighter lockdown restrictions. CoinDesk Executive Director of Global Content Emily Parker discusses the ongoing demonstrations and what it means for the crypto markets and the global economy.
Bitcoin, Ether Higher Despite BlockFi Filing for Bankruptcy
Major cryptos are jumping despite crypto lender BlockFi filing for bankruptcy protection and ongoing protests in China over Covid-19 restrictions. Floating Point Group Co-Founder and CEO John Peurifoy discusses the price actions and broader market outlook as the FTX contagion continues to spread.