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Category: China

February 23, 2021

Major Asian banks unite to form ‘multiple’ CBDC pact on blockchain

Some of Asia's largest banking institutions are working together on a “multiple” CBDC project, designed to cross borders and navigate regulations easier than fiat.…
February 22, 2021

Ant-backed MYbank to help China expand digital yuan trial

Tencent-backed WeBank and Ant Financial-backed MYbank will reportedly be the first private banks to join China’s digital yuan pilot.…
February 19, 2021

Fortune 500 firm Geely to launch joint blockchain venture in China

A Swiss blockchain developer and Geely will provide enterprise blockchain solutions to clients, with a focus on digital identity, regtech and privacy enhancement technologies.…
February 17, 2021

Chinese bank tests biometric hardware wallet for digital yuan payments

Another Chinese banking institution has created a hardware wallet for the country’s central bank digital currency.…
February 16, 2021

Chinese lottery service 500.com acquires Bitcoin mining pool BTC.com

Chinese sports lottery service 500.com has entered a share exchange agreement to acquire maror Bitcoin mining pool BTC.com.…
February 16, 2021

Chinese lottery service 500.com acquires Bitcoin mining pool BTC.com

Chinese sports lottery service 500.com has entered a share exchange agreement to acquire maror Bitcoin mining pool BTC.com.…
February 12, 2021

Law Decoded: Of ICBMs, BTC and ETFs, Feb. 5–12

Exploring where national security meets securities offerings in this week's crypto news. Every Friday, Law Decoded delivers analysis on the week’s critical stories in the realms of policy, regulation and law.Editor's…
February 10, 2021

Baidu reportedly aims to address chip shortage plaguing gaming, crypto and cars

Baidu is reportedly planning to commercialize its chip technology by setting up a dedicated subsidiary backed by crypto-friendly venture capital firms.…
February 8, 2021

China releases final anti-monopoly rules targeting major tech and payments firms

China's market regulator finalizes rules that have been three months in the making. China has finalized new guidelines to aid in antitrust battle against tech giants. …
February 8, 2021

Chinese GPU miners reportedly bulk buying Nvidia laptops to mine Ether

Chinese GPU miners are apparently buying up Nvidia’s new GeForce RTX 30 laptops to set up ETH mining farms.…
February 8, 2021

Hardware wallet for digital yuan debuts in Xiong’an New Area

China’s first hardware wallet for the digital yuan supports dual offline payments without an internet connection.…
February 8, 2021

Digital yuan: China tops $17M in CBDC issued

TL;DR Breakdown: Beijing and Suzhou will distribute about $6 million digital yuan on Wednesday.In total, more than $17 million of the CBDC has been issued under test.…

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