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Chinese Authority Warns of Fake Digital Yuan App Scam

Chinese Authority Warns of Fake Digital Yuan App Scam

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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Chinese Prosecutors Promise Increased Punishment for Blockchain and Metaverse Crimes

Chinese Prosecutors Promise Increased Punishment for Blockchain and Metaverse Crimes

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.

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Chinese Officials Tackle Rising Crypto Corruption, Call for Enhanced Legal Measures

Chinese Officials Tackle Rising Crypto Corruption, Call for Enhanced Legal Measures

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

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Rise in Chinese Banks Issuing Digital Yuan Corporate Loans

Rise in Chinese Banks Issuing Digital Yuan Corporate Loans

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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