Category: China
Auto Added by WPeMatico
Digital Yuan Now Used to Complete Car Prepurchase Payments
Chinese government plans for blockchain-based identity verification
The Chinese Ministry of Public Security plans to implement a blockchain-based identity verification system that it claims will help keep personal data and identity credentials safe.
AI regulations in global focus as EU approaches regulation deal
Concerns over potential misuse of AI have prompted the U.S., U.K., China, and the G7 to speed up regulation of the technology, though Europe is already way ahead.
Canaan secures new financing as revenue falls 55% in Q3
Despite a downturn in its bottom line, the company has secured a deal with an institutional investor to potentially raise $125 million in capital.
More foreign banks join China’s CBDC pilot trials
A total of four foreign banks have integrated China’s e-CNY CBDC thus far.
Bitcoin traders’ bullish bias holds firm even as BTC price dips to $37K
BTC’s correction reveals a disconnect between pro traders’ confidence and retail investors’ skepticism amid regulatory shifts.
IBM brings ‘utility-scale’ quantum computing to Japan as China and Europe struggle to compete
Experts predict the global quantum computing sector will grow from about $930 million in 2023 to $6.5 billion by 2030, but some global markets may be better poised for growth than others.
Can blockchain supply the guardrails to keep AI on course?
Some believe that hybrid blockchains with both private and public aspects can solve AI’s black-box problem.
Cambodian digital currency bakong amps up use case with Alipay agreement
The CBDC-like bakong provides digital payment services in riel and the U.S. dollar. It has been steadily extending its regional scope.