China


Policy

BRICS Will Create Payment System Based on Digital Currencies and Blockchain: Report

For some time now, the BRICS grouping has been making efforts to reduce its reliance on U.S. dollars in settlement.

(Christiann Koepke/Unsplash)

Markets

Bitcoin Is Hitting All-Time Highs Around the World

The U.S. economy and its dollar has enjoyed relative strength over the past few years.

(NASA/Unsplash)

Opinion

China Never Completely Banned Crypto

Despite government crackdowns and widespread reports that crypto is outlawed in China, crypto trade is still very much alive. How is that possible?

Crowds walk below neon signs on Nanjing Road, Shanghai, China. (Getty Images)

Markets

Bitcoin Unphased by China's Stimulus Plan

Hong Kong's Hang Seng Index and the CSI 300 both responded to Beijing's plan to reboot China's domestic stock market, but bitcoin remains in the red.

16:9 Crop: Shanghai, China (Li Yang / Unsplash)

Policy

China's Illegal Crypto Activities Are Taking Place in Laundromats and Cafes: WSJ

Physical trading is most popular in China's inland, as places further from the coast are generally poorer so local governments are preoccupied with other matters, WSJ reported.

Laundromat (Skitterphoto/Pixabay)

Policy

China Vows to Clarify Web3, NFT Development Path

Moving forward, China’s Web3 strategy would encourage the development of new business models such as NFT and accelerate the innovative application of Web3, the Ministry of Science and Technology said.

16:9 Crop: Shanghai, China (Li Yang / Unsplash)

Policy

China to Verify Citizens' Identities With New Blockchain-Based Platform

The announcement follows a government rule change to require social media influencers to display their real names.

(Pixabay)

Finance

Standard Chartered China Offering Exchange Services for Digital Yuan

The bank will give customers access to the digital RBM's interconnection platform, offering recharge and redemption.

Standard Chartered (Shutterstock)

Policy

U.S. Bill Proposes Outlawing Government Use of China-Made Blockchains and Tether's USDT

Government officials would no longer be able to use networks developed by China that power crypto transactions, according to a new bipartisan bill.

US Capital building (Matt Anderson/Getty Images)

Policy

Crypto at the Center of $300M Fraud Case in China

21 people were sentenced in a case involving converting 'dirty' USDT to RMB.

China renminbi bills (Moerschy/Pixabay)