China News

China is on track with its central bank digital currency trial as final stages are ‘not very far away,’ says ex-PBoC governor. China is approaching the end of its multi-year digital yuan pilot as the “final stage is not very…

Multinational banking giant Standard Chartered has begun offering exchange services for the digital yuan, helping to integrate China's CBDC into the global financial system.

According to a Hong Kong Stock Exchange filing, Boyaa plans to purchase crypto over the next 12 months. Chinese publicly traded online game developer Boyaa Interactive is set to dive deep into the crypto market. In a recent filing with…

The fake Skype application is being heavily distributed on the Chinese internet, the SlowMist Security Team has learned. As many international marketplaces are inaccessible within China due to local regulations, bad actors are actively exploiting this gap, flooding the market…

The Chinese government has officially declared that the theft of digital collections, including NFTs, will be legally treated as property theft, signifying a significant shift in the nation's approach to digital asset regulation.

A Russian-speaking crypto ransomware gang LockBit has attacked ICBCFS arm in the U.S. Cryptocurrency ransomware gang LockBit has attacked the U.S. arm of the Industrial and Commercial Bank of China Financial Services (ICBCFS). Currently, it prevents the bank from settling…

U.S. Representatives Zach Nunn and Abigail Spanberger have introduced the CLARITY Act of 2023, a bill aimed at prohibiting federal officials from transacting with Chinese blockchain companies to safeguard national security interests.

Chinese official reveals details of its blockchain system for Currency Bridge, enabling atomic and cross-border payments with simultaneous forex settlement. 

Hong Kong's Securities and Futures Commission (SFC), the independent statutory body tasked with regulating the securities and futures markets, has released two circulars aimed at overseeing the tokenization of digital assets.

The initial phase of Hong Kong's central bank digital currency (CBDC) pilot has concluded, showcasing potential advancements in digital finance, though leaving uncertainties regarding its full implementation and technological direction.

Two China-tied brokers are planning to apply for a virtual asset service platform (VASP) license to offer services for retail clients. A new pair of financial entities with close ties to China plan to start offering crypto services in Hong…

The Hong Kong-listed company seems to be no longer interested in crypto as AI-related products generated more returns. Meitu, a Chinese software developing company, is reportedly ready to sell its cryptocurrency holdings “at the appropriate time,” roughly two years after…

A Chinese foreign exchange regulator official showed its support for the CBDC development, the digital yuan. Lu Lei, deputy administrator of the State Administration of Foreign Exchange (SAFE), explained to the CNA agency that some of the main features of…

China has launched its first industrial park dedicated to developing and applying the digital yuan, or e-CNY, in the city of Nanjing, Jiangsu province.

According to an Oct. 10 press release by the Nanchang People’s Court, the plaintiff was required to prove that Tether is a legally issued fiat currency to bring a necessary cause of action for judicial relief.

China Daily, affiliated with the Publicity Department of the Chinese Communist Party, has announced plans to develop its own metaverse and NFT platform.