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E-CNY use widens in Chinese schools; Terra faces audit

A hydropower plant in China has been fined for illegally powering crypto mines. Meanwhile, South Korean auditors plan on auditing Terra and other crypto exchanges.

Welcome to The Daily Forkast – May 25, 2022 – presented by Megha Chaddah.

Coming up on today’s show:

A hydropower plant in China’s Hubei province fined for powering crypto mining.

Elsewhere in China, officials expand the use of digital yuan on school campuses.

And finally, South Korean regulator to audit Terra and related financial businesses.

We’ll have more on those stories — and other news shaping the cryptocurrency and blockchain world — in this episode of The Daily Forkast May 25.