Crypto lending invalidated by Chinese court in second landmark ruling
Plaintiff Mr. Ming will have no judicial relief to recoup his 80,000 Tether loan after its borrower defaulted. Go to Source
China
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Saudi Arabia and China collaborate on Arabic-based AI system
A university in Saudi Arabia has collaborated with two Chinese universities to create an Arabic-focused AI system called AceGPT. Go to Source
SEC continues to delay decisions on crypto ETFs: Law Decoded
The latest delays came two weeks before the second deadline for many applicants. Go to Source
Bitcoin gains legal recognition as digital currency in Shanghai China
A similar report from another Chinese court earlier in September recognized cryptocurrencies as virtual properties protected by law. Go to Source
mBridge CBDC project preparing for new members, launch of minimum viable product
The project now includes central and commercial banks of China, Hong Kong, Thailand and the UAE. Future new members were not identified. Go to Source
Digital Yuan app adds prepaid Mastercard VISA top-ups for tourists
The Digital Yuan app now allows tourists to top-up e-CNY wallets with Mastercard & VISA payment with ‘recharge first and use later’ option. Go to Source
China to build giant AI chip factory to bypass US sanctions: Report
Chinese scientists are reportedly looking into constructing massive facilities to locally manufacture technology necessary to create AI semiconductor chips. Go to Source
China suffers worst capital flight in years, but could it pump Bitcoin?
China’s capital outflows reached $49 billion in August, its highest in nearly eight years. Analysts are debating whether it could be a boon for Bitcoin and crypto. Go to Source
Hong Kong politician responds to Vitalik’s comments about crypto-friendliness
Johnny Ng of Hong Kong’s Legislative Council said he “sincerely invites” Vitalik Buterin to Hong Kong to better understand the situation regarding its crypto-friendliness. Go to Source
Alibaba launches its ChatGPT-like AI model for public use amid loosening restrictions in China
The launch comes just weeks after Chinese authorities began accepting applications for public-facing AI systems. Go to Source