China-based regulatory and trade associations target NFTs in latest risk notice
“We solemnly call on consumers to […] be vigilant and stay away from NFT-related illegal financial activities,” said the associations. Go to Source Powered by WPeMatico
People’s Bank of China
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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. Go to Source Powered by WPeMatico
Tencent files for patent related to virtual concerts in Metaverse
Chinese tech colossus Tencent has continued its foray into the metaverse after filing a patent for virtual concerts, flying in the face of warnings from Chinese banks and regulators. Go to Source Powered by WPeMatico
Here’s how much digital yuan used at Olympics, according to PBoC
Foreign users tend to use hardware e-CNY wallets more at the Olympics, while domestic users mainly go for software wallets. Go to Source Powered by WPeMatico
Crypto at the Olympics: NFT skis, Bitcoin bobsledders and CBDC controversy
Bitcoin and nonfungible tokens are all over the Olympics this year while China’s CBDC is there too amid a controversial rollout. Go to Source Powered by WPeMatico
Chinese food delivery giant joins CBDC efforts
The cumulative transactions in e-CNY have reached 87.57 billion yuan ($13.68 billion) until now. Go to Source Powered by WPeMatico
Chinese police unearth multi-million dollar DeFi rug pull
The Chizhou police arrested eight people from different provinces in December and froze assets worth millions. Go to Source Powered by WPeMatico
China’s central bank releases pilot version of digital yuan wallet
The “e-CNY (Pilot Version)” app was made available for download on the Chinese Android and Apple app stores on Tuesday. Go to Source Powered by WPeMatico
Chinese companies embark on a metaverse trademark race
Despite the Chinese central bank’s proposal to monitor metaverse and NFTs, companies such as Tencent and Huawei are pursuing metaverse-related trademarks. Go to Source Powered by WPeMatico
Chinese crypto ban poses no threat to local industry media, sources say
Chinese crypto media are reportedly keeping a low profile on their websites and are focusing on growing communities on Twitter and Telegram. Go to Source Powered by WPeMatico
