Last updated: May 3, 2024 20:48 EDT | 1 min read OpenAI’s ChatGPT’s absence in China has created a unique opportunity for a new wave of Chinese AI startups, each vying to fill the void and establish themselves as leaders in the generative AI space. Backed by major regional investors, these startups are developing advanced […]
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Last updated: February 26, 2024 02:34 EST | 1 min read Source: DALL·EThe Chinese Ministry of Industry and Information Technology (MIIT) has issued a warning about new fraudulent schemes involving counterfeit digital yuan applications. According to a recent social media post by the MIIT, these fake apps are designed to look like the official digital
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Image by Brian Yue, MidjourneyCriminals engaging in illicit operations through the use of blockchain technology and metaverse projects will face increased repercussions, China’s highest prosecutor said today. In a press conference hosted by the China’s Supreme People’s Procuratorate on February 23, spokesperson Li Xuehui highlighted a surge in cybercrime occurring within blockchains and the metaverse.
Chinese Prosecutors Promise Increased Punishment for Blockchain and Metaverse Crimes Read More »
Chinese official media has highlighted the growing concern over corrupt officials utilizing advanced methods to conceal and transfer illicit gains. This trend, marked by the use of cryptocurrencies and other digital mediums, was a central topic at the 2023 annual meeting of the China Integrity and Legal Research Association. China Faces New Wave of Crypto-Related
Chinese Officials Tackle Rising Crypto Corruption, Call for Enhanced Legal Measures Read More »
Rise in Chinese Banks Issuing Digital Yuan Corporate Loans Source: Vitalii/Adobe More Chinese banks are issuing loans in the digital yuan, the nation’s central bank digital currency (CBDC), as e-CNY corporate financing options diversify. Per Nanhai Net (via Hainan News), the latest development has taken place on the island province of Hainan, in the city
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