Reading Time: 2 minutes Beosin CMO Gao Ziyang did not misappropriate $45 million worth of police-seized bitcoin, according to the company News reports alleged that Gao had traded the fortune on OKEx when he was supposed to be disposing of it on behalf of the authorities...
Alibaba, the largest e-commerce company in China and the biggest blockchain patent holder was fined $2.8 billion for anti-trust activities by the Chinese government. The fine was imposed after the market monopoly investigation which indicated that Alibaba was punishing retailers for selling the same goods on other platforms. Alibaba is believed to be one of The post Biggest Blockchain Patent Holder Alibaba Faces...
Reading Time: 2 minutes The Chinese government could take action against coal- powered Bitcoin mining farms A recent report claimed that Bitcoin mining operations could undermine the country’s new carbon footprint targets Some areas have already started taking action...
Earlier today, the Bank of Japan (BOJ) announced that it began experimenting with the possibility of issuing its own central-bank digital currency (CBDC). The central bank first entertained the idea of a CBDC back in February. Now, the decision to ramp up their timeline coincides with other nations making strides in creating their own digital currency. China recently laid out its...
China recently proposed a set of global guidelines on central bank digital currencies (CBDC) earlier this Thursday, discussing potential uses and implications of a sovereign digital currency. With the coronavirus pandemic exposing inefficiencies in traditional payment systems, there has been a growing need to digitize legacy financial infrastructure. With the threat of cryptos toppling fiat’s power also looming closer, central...
China has proposed a set of global guidelines on Central Bank Digital...
The head of China's central bank digital currency (CBDC) research said in a business convention that complete anonymity is impossible. China Firm on "Controllable" Privacy of CBDC Mu Changchun, the Chinese head of the Digital Currency Institute, said that they would follow the policy...
A series of projects on the Binance Smart Chain inspired by violent incidents in Chinese and American history are testing the platform's decentralization limits. Tiananmen Square Immortalized on Binance Smart Chain An anonymous...
Reading Time: 2 minutes Meitu, a Chinese company that owns a hugely popular beautifying app, has bought tens of millions of dollars worth of cryptocurrency Meitu announced yesterday that it had bought BTC and ETH as a hedge in a “diversification” measure It is the first...
The Mongolian province of China has proposed a new regulation to ban Bitcoin & crypto mining along with steel, coke, and methanol production...
China and the UAE's central bank have joined a cross-border payment network called the "multiple CBDC (m-CBDC) bridge." Powering Cross-Border CBDC Payments The Digital Currency Institute (DCI) of the People's Bank of China (PBC) and the Central Bank of the United Arab Emirates (CBUAE) have joined m-CBDC, a payment...
It is not clear if the central bank consortium will use digital yuan for settlement.
The local branch will start operating from next month.
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