Regulation
China officially labels crypto mining as ‘obsolete’
China’s top economic planning body has officially designated crypto mining as “obsolete,” reinforcing government efforts to stamp out the industry entirely. Fast facts
Ningwei Qin
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Regulation
Archived coverage · Forkast crypto archive
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Regulation
China’s digital yuan wallet gets 16 million downloads in debut week
China’s pilot e-CNY wallet application, currently available in a dozen major cities, topped 16 million downloads in the first week after its launch, according to two data providers. Fast facts
Ningwei Qin
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Regulation
PayPal confirms exploring USD-backed stablecoin for payments
Payments giant PayPal confirmed it is exploring its own stablecoin after evidence of such a project was found in its iPhone app’s code. Fast facts “We are exploring a stablecoin; if and when we seek to move forward we will of course, work closely with relevant regulators,” PayPal’s Senior Vice President of Crypto and Digital […]
Lachlan Keller
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Regulation
Race to be crypto hotspot heats up in Miami, New York
What’s behind the crypto cheerleading by U.S. mayors? Are their city coins savvy moves — or will the bespoke crypto end up worthless?
Jocelyn Yang
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Regulation
China’s largest food delivery platform Meituan accepts e-CNY payment
Hong Kong-listed Chinese food delivery giant Meituan, which occupies 70% of the market share, on Wednesday started to accept digital yuan for payments, as tested by Forkast.News. Fast facts Users first need to link their wallets to Meituan in the e-CNY app; then they can pay for an order by selecting digital yuan in the […]
Ningwei Qin
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Regulation
Tax authorities recover US$9M from India’s biggest crypto exchanges
Some of India's largest crypto exchanges, including WazirX, blame ambiguity in the regulation of cryptocurrencies for missed tax payments.
Monika Ghosh
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Regulation
Amid riots over fuel prices, Kazakhstan government resigns
Since China's crypto bans, Kazakhstan has become a popular destination of energy-intensive crypto mining companies.
Jeanhee Kim
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Regulation
China’s digital yuan app now publicly accessible, one step closer to launch
But e-CNY adoption remains an issue, with mobile payment platforms such as Alipay and WeChat Pay already ubiquitous.
Timmy Shen
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Regulation
CBDCs and the year that may reshape crypto markets
Top blockchain and crypto news: CBDCs at the crossroads. A token gesture from Samsung. NFTs survive in China.
Forkast.News
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Regulation
Crypto is presidential election campaign issue for South Korea
In South Korea, a new presidential administration will be chosen in March. Here’s where the four major candidates stand on Korea's booming virtual asset space.
Danny Park
