Proposals to a United Nations group reportedly show China wants digital IDs and real-world punishments for actions that occur in the Metaverse.
Category: beijing
Auto Added by WPeMatico
From Beijing to Tokyo, Asian nations get active in crypto regulation: Law Decoded, May 22–29
Lawmakers in Japan have decided to enforce stricter Anti-Money Laundering measures to trace cryptocurrency transactions from June 1.
Powered by WPeMatico
Beijing releases white paper for web3 innovation and development
Hong Kong’s crypto regulations coinciding with the white paper released in Beijing pique interest.
Powered by WPeMatico
China Pushes Digital Yuan for Wage Payments in Changshu
Powered by WPeMatico
Hong Kong Judge Rules Crypto Assets as ‘Property,’ Following Similar Rulings Worldwide
Powered by WPeMatico
Saudi Arabia Strengthens Bond With China by Joining SCO Bloc as Dialogue Partner
Powered by WPeMatico
Beijing announces two-year Metaverse innovation and development plan
The Metaverse development plan requires various municipalities to track NFT technology trends and integrate metaverse into education and tourism.
Powered by WPeMatico
Tencent shuts down NFT platform as gov policy makes it impossible to thrive
While NFTs are not banned in China like cryptocurrencies, the government has warned against fraud risks associated with the nascent sector.
Powered by WPeMatico
Chinese police busts illegal crypto mining farm, seizes 190 miners
Guangdong province’s Development and Reform Commission confiscated 190 crypto mining machines estimated to be worth 5 million yuan.
Powered by WPeMatico
China’s share in Bitcoin transactions declined 80% post crackdown: PBoC
China has carried out multiple crypto crackdowns and enforced numerous bans on crypto markets since 2013, however, Chinese traders have always found a way to bypass these bans.
Powered by WPeMatico