China

China Opens e-CNY Research Institute, Appoints First Expert Panel

China Opens e-CNY Research Institute, Appoints First Expert Panel

Last updated: April 19, 2024 01:31 EDT | 1 min read The e-CNY Research Institute has been inaugurated to support advancements of China’s central bank digital currency (CBDC). According to a recent report by MPayPass, institute was unveiled at the “2024 Second e-CNY Industry Sustainable Development Seminar” in Suzhou, where industry experts gathered to mark […]

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3 Reasons China Should Repeal Bitcoin Ban (Opinion)

3 Reasons China Should Repeal Bitcoin Ban (Opinion)

China’s economy grew 5.2% in 2023, but its stock market took a 10% tumble for the year. Meanwhile, some Chinese investors sought shelter in cryptocurrency despite the government’s Bitcoin ban. These brave souls were not unpatriotic, nor was their investment in Bitcoin against the fundamental principles of Chinese communism. In fact, they are on to

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China Looks to Ramp up ‘Cross-border’ Digital Yuan Spending

China Looks to Ramp up ‘Cross-border’ Digital Yuan Spending

Source: Keitma/Adobe Chinese bank chiefs are looking to start 2024 by driving up “cross-border” digital yuan spending. Per the Haikou Municipal Commerce Bureau (via Hainan News), the tourism hub of Haikou has begun issuing over $706,000 worth of “offshore tax-free coupons” for digital yuan-paying customers. Haikou is also known as Coconut City and before the

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China Asset Management Signs MoU with Hashkey Exchange to Promote Web3 in Hong Kong

China Asset Management Signs MoU with Hashkey Exchange to Promote Web3 in Hong Kong

Source: LT/Adobe China Asset Management’s Hong Kong branch has entered into a memorandum of understanding with Hashkey exchange and HamsaTech Hong Kong. The collaboration aims to jointly foster and develop Web 3.0 initiatives within the asset management sector in Hong Kong. Hong Kong Looks to Seize ‘Golden Opportunity’ of Web3 The importance of seizing the

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China Says Overseas Visitors Are Using e-CNY, Paying More Salaries with CBDC

China Says Overseas Visitors Are Using e-CNY, Paying More Salaries with CBDC

China Says Overseas Visitors Are Using e-CNY, Paying More Salaries with CBDC Source: amazing studio/Adobe Chinese officials say uptake for the digital yuan is rising among overseas visitors – while more citizens are receiving their salaries in CBDC wallets. Per the Hangzhou Daily, state-run banks in the Hangzhou Asian Games Village “welcomed delegations [athletes and

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