Russian commodities firms are increasingly using cryptocurrencies to conduct transactions with their Chinese clients and suppliers due to several challenges and restrictions in traditional financial systems....
The Chinese government released its latest blockchain project titled “Ultra-Large Scale Blockchain Infrastructure Platform for the Belt and Road Initiative.” Spearheaded by Conflux Network, this project...
The official Shanghai Data Exchange has completed its inaugural digital asset issuance and transaction. Collaborating with local milk company Guangming, they issued a tradable limited digital...
The Ministry of Industry and Information Technology China has released a publication written in response to a proposal — Promoting the Development of web3 Industry —...
According to a published update, Boyaa Interactive, China’s largest board and card game company, plans to invest $100 million to acquire digital assets over the next...
In recent years, Eastern Asia, which was once a major hub for the cryptocurrency world, has undergone significant changes in its crypto landscape. The decline in...
The blockchain analytics firm suggests that recent advancements in the cryptocurrency industry in Hong Kong could boost the East Asian region’s crypto activity, which has stagnated...
Authorities in Hong Kong and Macau have recently announced arrests in connection with the alleged fraud involving JPEX, a crypto exchange. Additionally, they have stated that...
The Shanghai People’s Court, in a recent announcement, recognized Bitcoin as a unique digital currency in China, despite the country’s official ban on cryptocurrencies. A recent...
China Mobile, a state-owned telecommunications company, has put forth a proposal for a digital identity system to regulate activities within the metaverse. However, experts are raising...
In a surprising development, Shikongyun, one of China’s prominent companies, is facing allegations as local prosecutors have filed a lawsuit against the company for allegedly orchestrating...
The Shanghai government has issued new guidelines to encourage the adoption of blockchain, the metaverse, and digital yuan in various industries across the city. Market participants...
During the WEF’s Annual Meeting of the New Champions in China, Professor Eswar Prasad, author of “The Future of Money: How the Digital Revolution Is Transforming...
At the WEF’s Annual Meeting of the New Champions in China, Professor Eswar Prasad, author of “The Future of Money: How the Digital Revolution Is Transforming...
The US dollar became the king of global currency after World War II at the 1944 Bretton Woods Conference, where forty-four countries agreed to the creation...
For a long time, the global financial system has been dominated by central banks and commercial banks. The central banks issue money to the commercial banks,...
When it comes to establishing a business or introducing a technological product, recognizing the demographics you are targeting becomes crucial. This is because various cultures have...
During the Annual Meeting of the New Champions organized by the World Economic Forum in China, Jeremy Allaire, Co-Founder and CEO of Circle Internet Financial, made...
Bank of China, under its investment arm, BOCI, has issued the first Chinese tokenized notes in Hong Kong. According to UBS, BOCI issued CNH 200 million...
