China News and Articles

China's digital currency (CBDC) will not be able to become a fully anonymous financial instrument. The concept of a confidential crypto-yuan has effectively failed, said Mu Changchun, head of the Research Institute of the PRC's Central Bank. The expert outlined his position during a speech at the...

China’s President Xi Jinping personally decided to stop the world’s biggest-ever IPO after Ant Group’s creator and China's second-richest man Jack Ma talked against the country’s innovation-oppressive financial management and banking system. Ant Group was supposed to be launched on November...

VeChain is making progress out of China. VeChain (VET) rate went higher having a week of increases along with analysis with Chinese authorities based on a post-epidemic wellness reaction. On Wednesday VET grew 2%. Then, the cryptocurrency raised about 23%. Only 2 other top-30 assets NEM and...

The Chinese company Huawei has unveiled a smartphone with a built-in hardware wallet for China's central bank digital currency (CBDC). At a press conference on Friday, October 30, the company announced the release of the Huawei Mate 40 smartphone. Yu Chengdong, Huawei's general manager of consumer...

At the end of last week, the People's Bank of China presented the public with a digital currency regulation (CBDC) bill. Then the regulator announced that the final version of the document would be ready by the end of November. The bill states that the digital yuan will be recognized as the...

The partnership of Macau’s blockchain-based healthcare data structure and continental Chinese wellness regulations permitted travelling through the territories to start over. FISCO BCOS, a Chinese non-commercial blockchain organization informed that physical state notes checked via blockchain...

The People's Bank of China (PBOC), the country's central bank, has already conducted pilot digital currency transactions (CBDC) worth 1.1B yuan (~ $ 162 million). That was announced by the deputy head of the NBK Fan Yifei at the virtual conference Sibos 2020 organized by SWIFT. As of the end of...

China ceases rumours of real estate trades with digital yuan. It is sure now that the statements with reference to digital yuan being used to purchase estate are false. From the moment of its appearance, being extremely popular digital yuan has attracted a lot of of users. At the moment, China’s...

Several Chinese state-owned banks have begun testing a digital yuan storage and transmission service (CBDC). According to Reuters, the crypto wallet is being tested in major cities of the Middle Kingdom, including Shenzhen. Earlier it became known that the People's Bank of China has completed the...

Against the background of the rise in the price of Ethereum to $330, Chinese miners became interested in mining the second-largest cryptocurrency in terms of capitalization. However, their plans were in jeopardy due to a shortage of video cards and an increase in their cost, writes 8btc. As a local...

According to Chinese media reports, the Beijing government is to publish a newsletter reflecting the use of blockchain tech in government services in China. According to him, government services are already using 140 apps running on the blockchain. Apps fall into three categories: data interchange,...

China offers another crypto project aimed against the leadership of the US dollar in international payments. Chinese leaders intend to create a cryptocurrency for East Asia to reduce dependence on the US dollar and strengthen trade ties in the region. According to Nikkei Asia, ten members of the...

The People's Bank of China can launch digital currency (CBDC) based on the country's existing payment foundation. So says Glen Wu, head of the Ledger Vault office in the Asia-Pacific region. He emphasized that the Chinese authorities could take such a step so that people would not notice the...

Over-the-counter crypto trader Sun Xiaoxiao on Friday, June 5, announced on his Weibo page that his bank accounts had been frozen. According to Sun, this is due to an investigation by the police about cryptocurrency transactions related to illegal activities. He claims that these measures could...

Chinese Internet giant Tencent is going to allocate 500 billion yuan ($70 billion) for about five years to develop IT infrastructure. It is reported by Reuters. The funds will go towards the implementation of cybersecurity, AI, and cloud computing. Other spheres include blockchain, data centers,...

A bill on the inheritance of Internet property, including cryptocurrency, has recently been submitted to the Chinese government. Proponents of the adoption of such a document emphasize that the conditions for amending civil law on inheritance are already ripe. That was reported by local media,...

Shen Nanpeng, a member of the Chinese People’s Political Consultative Conference and Managing Partner of Sequoia Capital, has invited the government to issue stablecoins backed by a basket of fiat currencies. This is reported by Cryptobriefing. He came up with this initiative during a council...

Chinese law enforcement officers arrested a group of scammers who impersonated employees of the Huobi cryptocurrency exchange. Local news outlet Jinse reports that police detained 12 people. These people, through various cryptographic groups on WeChat, spread calls to invest in some kind of...