Regulation
Chinese mining rig maker Canaan reports record-high earnings
China may be banning crypto mining activities, but rig makers appear to be spared from the clampdown.
Timmy Shen
Lens
China
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Compliance Challenges
ICBC agrees to Federal Reserve risk compliance measures
As global markets continue to watch the Evergrande debt crisis nervously, Chinese bank branch agrees to U.S. risk management measures.
Jeanhee Kim
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Regulation
China pledges to raid state-owned entities for crypto mining activities
China has yet again reiterated its determination to crack down on the cryptocurrency mining sector and revealed today that authorities will focus on state-owned entities engaging in virtual currency mining. Fast facts Wei Meng, a spokesperson of the National Development and Reform Commission (NDRC), the country’s top economic planner, said at a press briefing today […]
Timmy Shen
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Regulation
China sees another digital yuan fraud case
Chinese police have busted yet another tele-fraud case related to e-CNY money laundering as the country continues to test the digital currency.
Timmy Shen
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Regulation
Taiwan has a chance to develop crypto amid China’s clampdown, Filecoin Foundation director says
As crypto projects are relocating from China to friendlier shores, it represents ‘huge opportunity’ for Taiwan.
Timmy Shen
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Regulation
China ousts former official for supporting crypto mining, corruption
A former Chinese official has been expelled from the Communist Party of China for “serious violations of discipline and law” as he was found to introduce and support cryptocurrency mining activities, in what may be the first time for China’s anti-graft watchdog to expel an official over crypto mining. Fast facts The country’s anti-corruption watchdog […]
Timmy Shen
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Regulation
Digital yuan use surges across China with 140 million wallets as officials deny timetable for launch
China’s soft rollout of the first major economy’s central bank digital currency (CBDC) continues apace. Yi Gang, governor of the People’s Bank of China, and Mu Changchun, director of the Digital Currency Research Institute of the bank, reported that the average weekly transaction volume of e-CNY is growing by 3 billion yuan (US$469 million) and […]
Ningwei Qin
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NFTs and Art
‘Double Eleven 2021: Common Prosperity’ — how an NFT project examines Chinese tech giants’ dominance
In a 48-second, computer-generated 3D animation, ROK uses a decentralized format to offer an ironic take on China’s internet giants crowding to host the shopping holiday.
Jocelyn Yang
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Blockchain Basics
For China, quantity of blockchain patent applications not necessarily quality: report
The greatest number does not mean the greatest significance, analytics firm PatSnap says.
Timmy Shen
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Economic Impacts
Crypto markets shudder as Evergrande fears re-emerge
As speculation continues over the fate of the Chinese property development giant, crypto markets were not spared the downturn over fears of its potential collapse.
Lachlan Keller
