The high court of China’s southeastern Guangdong province has ruled cryptocurrency investment activities are not protected by law, further clarifying that crypto is not a legitimate currency in the mainland. See related article: China customs seizes 49 second-hand crypto mining rigs for export Fast facts The Guangdong high court on Tuesday listed a crypto-related virtual…
Dongguan customs in China’s southeast seized 49 second-hand Ant miners declared “shoe material” for export, at least the third seizure in February, state media reported on Monday. See related article: Kazakhstan busts 13 illegal Bitcoin mining farms amid power concerns Fast facts See related article: China to ‘outdate’ crypto mining industry with more restrictions
Foshan city of China’s southeastern province Guangdong launched a blockchain-based corporate social credit system with an automated credit rating function, state-backed media reported on Thursday. Fast facts See related article: Beijing budgets $37M for government affairs blockchain platform Foshan’s blockchain-based corporate social credit system rates enterprises into four credit levels using data from various sources. …
The Chinese State Council approved on Wednesday a plan to build computing and data hubs that use blockchain technology to secure data in four regions including the Greater Bay Area (GBA). Fast facts See related article: China writes blockchain and digital currency into nation’s future The four hubs are set to join four more approved…
China’s state-backed Blockchain-based Service Network (BSN) announced the addition of Neo’s Jiuquan Chain to its open permissioned blockchain ecosystem to support the legal issuance of non-fungible tokens (NFTs) in the mainland. Fast facts Jiuquan Chain, powered by China-based Neo, will run as one of the 10 BSN open permissioned blockchains, as part of the BSN…
Upcoming digital yuan trial to piggyback on Hong Kong’s popular Faster Payment System for smoother cross-border transactions.
China does not expect significant impact on its monetary system if the digital dollar were introduced, said Mu Changchun, director-general of the People’s Bank of China Digital Currency Initiative on Wednesday. He spoke at a panel organized by the Atlantic Council think tank to support the release of the International Monetary Fund’s report on central…
“Digital collectibles” issued by Shanghai Securities News are trading at least 13 times their original price on China’s largest second-hand trading platform, despite state media’s criticism of the non-fungible token (NFT) frenzy. Fast facts In China, the phrase “digital collectibles” is often used to avoid references to NFTs. The collectibles are now available on the…
Klaytn, a public blockchain platform under South Korean internet giant Kakao, has joined China’s Blockchain-based Service Network’s (BSN) international infrastructure. Fast facts Klaytn’s joins fellow public blockchains Ethereum, Solana, Tezos and Polkadot in BSN International, to become accessible to the 25,000 developers in the ecosystem. The BSN is a Chinese state-backed project that is split…