China

Chinese Ministry Releases Plans to Integrate Blockchain in Development Process

Plans to overcome these shortcomings were issued on September 21 by the two major Chinese MinistriesThe Ministry of Industry and Information Technology...

China-Japan in Race to Development of CBDC

China had already started conducting pilot runs for its Digital Yen in April 2020Japan too has decided to join the race and...

CBIRC Instructs Regulatory Authorities to rack Blockchain and Distributed Ledger

China Banking and Insurance Regulatory Commission (CBIRC) recently shared plans for global regulations on crypto assetsAll financial businesses should be licensed and...

China’s Alibaba Group Launches First Domestic Public Welfare Blockchain Standard Technology

On September 5, ‘Charity Chain Technology and Application Specification’ group standard was launched by Alibaba Charity Foundation.This project is the first domestic...

Chinese Bank Disables Digital Yuan Wallet After Brief Activation Draws Public Attention

China Construction Bank (CCB) opened up a wallet service for China’s central bank digital currency to public users, but disabled it soon...

China’s Digital Yuan in the 2022 Winter Olympic Games

China has been conducting extensive tests on digital currency and it plans to use it during the 2022 Beijing Winter Olympics scheduled.The...

Crypto Assets Worth $50 Billion Transferred from China in the Past Year

As per a Chainalysis report, over $50 billion worth of cryptocurrency has moved from China-based digital wallets to...

Two Blockchain Projects Selected Under New Information Consumption Demonstration projects by Chinese Ministry

MIIT has selected about 100 projects across the country and all these selected projects will receive greater policy support by the MIIT.Huang...

Asia to Lead in Digital Payments Growth, Especially BTC

In the past two years,  e-wallet users have increased to a gigantic number of 2.1 billion from 500 million.According to the report,...

Federal Board Accepts of Working on Digital Dollar

Lael Brainard, Governor of Federal Board in a webcast commended that US is under the process of building the digital currencyThe United...