China could benefit from yuan stablecoin over its CBDC – Circle CEO
China may have banned the use of cryptocurrencies but stablecoins might have a role to play in the proliferation of its national currency. Go to Source Powered by WPeMatico
China
Auto Added by WPeMatico
China to require a license to release generative AI tools
Sources close to Chinese officials say the draft rules for AI developers have been updated to include obtaining a license prior to releasing generative AI systems. Go to Source Powered by WPeMatico
US lawmakers allege CCP connection in calling for SEC, DoJ investigation of Prometheum
Republican members of Congress stepped up their allegations of Prometheum’s ties to the Chinese Community Party, claiming potentially false or misleading statements to the SEC. Go to Source Powered by WPeMatico
Crypto Biz: Winklevoss slams Silbert, Twitter’s double-edged sword and more
This week’s Crypto Biz also explores Gemini’s fight with the Digital Currency Group (DCG) over user funds, new banking tools for the digital yuan, and OpenAI’s efforts to stop users from jumping paywalls. Go to Source Powered by WPeMatico
US reportedly plans to restrict China’s access to cloud computing services
Report says sources close to the situation have said U.S. officials plan to restrict Chinese companies’ access to cloud computing services as a security measure. Go to Source Powered by WPeMatico
Crypto-friendly DBS Bank launches digital yuan payment tool
Crypto-friendly bank DBS has conducted the first e-CNY transaction for corporate clients, involving a catering company in Shenzhen. Go to Source Powered by WPeMatico
China to tighten control on exports of AI chip-making materials
The Chinese government has announced that it plans to control the export of gallium and germanium products that are heavily used to produce semiconductors. Go to Source Powered by WPeMatico
U.S. considers tightening restrictions on AI chip exports
Officials in the U.S. are considering restricting the level of computing power on chips to lessen the flow of AI chips available in the Chinese market. Go to Source Powered by WPeMatico
How could the Chinese economic crisis impact Bitcoin and crypto?
Cointelegraph analyst and writer Marcel Pechman explains how China’s economic weakness and Turkey’s interest rate hikes could impact the cryptocurrency market. Go to Source Powered by WPeMatico
Crypto trading is an important part of the virtual asset ecosystem, says Hong Kong’s SFC chief
According to the CEO of Hong Kong’s Securities and Futures Commission, Julia Leung Fung-yee, incorporating virtual assets into the regulatory system was crucial after FTX bankruptcy. Go to Source Powered by WPeMatico