China

China Unveils $54.5B National Blockchain Implementation by 2029

China has unveiled a roadmap to a national blockchain infrastructure as part of its data governance strategy, and set a…

1 year ago

Cryptocy Clarified to Be Personal Property in China, Remains Barred For Businesses

A recent ruling by the Shanghai Songjiang People’s Court has clarified that owning cryptocurrencies is not illegal in China. The…

1 year ago

China Classifies Crypto Transactions as Money Laundering in Update to AML Law

On Monday, Chinese authorities explicitly recognized “virtual asset” transactions as a method of money laundering, marking the first instance in…

2 years ago

China, Kazakhstan Central Banks to Cooperate on Digital Currency

Last 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…

2 years ago

Saudi Arabia Joins BIS & China Led Central Bank Digital Currency Project

Saudi Arabia has joined a China-dominated central bank digital cy cross-border trial, in what could be another step towards less…

2 years ago

Hong Kong Expands Integration with China’s eCNY CBDC

On May 17, the Hong Kong Monetary Authority (HKMA) announced an expansion of its role in the pilots for China’s central…

2 years ago