A recent ruling by the Shanghai Songjiang People’s Court has clarified that owning cryptocurrencies is not illegal in China. The …
Latest in China
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Global Adoption
China Classifies Crypto Transactions as Money Laundering in Update to AML Law
by Terron Goldby Terron GoldOn Monday, Chinese authorities explicitly recognized “virtual asset” transactions as a method of money laundering, marking the first instance in …
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Global Adoption
China, Kazakhstan Central Banks to Cooperate on Digital Currency
by Terron Goldby Terron GoldLast week China’s President Xi Jinping visited Kazakhstan.The Chinese government reported that the country supports Kazakhstan becoming a member of BRICS and President Xi …
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Global Adoption
Saudi Arabia Joins BIS & China Led Central Bank Digital Currency Project
by Terron Goldby Terron GoldSaudi Arabia has joined a China-dominated central bank digital currency cross-border trial, in what could be another step towards less …
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On May 17, the Hong Kong Monetary Authority (HKMA) announced an expansion of its role in the pilots for China’s central …
