Category: China
Cryptocurrency China
All You Need to Know About China’s Digital Yuan
Also known as the digital renminbi, the digital yuan is a CBDC (central bank digital currency) developed and issued by the Chinese central bank. It…
Taiwan Central Bank is not in a Hurry to Launch a CBDC
The Central Bank of Taiwan has recently shared its stance regarding CBDCs. The Central Bank of the Republic of China makes note recently hinted at…
Hong Kong Central Bank Sets Up Committee to Explore Tokenization Market
Regulatory Agency HKMA and SFC working as regulatory authorities in Hong Kong have joined forces with HSBC and HashKey. The coalition has been formed in…
Mainland Chinese Investors Cannot Buy Hong Kong-Based Bitcoin ETFs
The citizens of Mainland China will not be able to purchase or seek exposure in Bitcoin ETFs approved by Hong Kong. Bitcoin and Ethereum ETFs…
KPMG Report: 39% of Canadian Institutional Investors have Exposure to Crypto Assets
KPMG Canada representative Kunal Bhasin recently claimed that increasing debt and inflation are two main reasons for crypto investments. The analyst noted that institutional investors…
Hong Kong Regulatory Authority Approves First Spot Bitcoin and Ethereum ETFs
The security regulator of Hong Kong has recently approved the first-ever Bitcoin and Ethereum ETFs. As mentioned in a recent report that in-kind creation model…
Dubai Financial Authority Introduces New Digital Asset Law
The Dubai International Finance Center (DIFC) is a special economic zone that resides more than 5000 workers. The DIFC administration recently announced new digital asset…
Former US President Donald Trump Changes his Stance on Bitcoin
The latest political trend on X has indicated a change of stance on crypto policy among one of the US presidential candidates. People on social…
Coinbase’s CFTC Probe Will Incorporate Bybit: Here’s Why
The ongoing regulatory scrutiny of the US crypto landscape has taken a significant twist after Coinbase received a subpoena from the Commodity Futures Trading Commission….
East Asia’s Economies’ Struggles Continue Amid China Crypto Ban – Report
Decline In Crypto Activities A recent report by the blockchain analytic firm Chainalysis indicates that China’s long-standing ban on cryptocurrency and its related activities has…
Binance CEO Downplays FUD, Assures On Exchange’s Financial Stability
The CEO of Binance, Changpeng Zhao, used a recent online gathering on the X platform (Twitter) to interact with the crypto community and respond to…
Chinese Court Recognizes Virtual Assets As Legal Properties
A recent development on the legal status of virtual assets has surfaced in China after thoroughly examining their attributes within the country’s criminal law. According…
Republican Lawmakers Probe SEC Chair Over Prometheum’s Approval
Republican US congressional committee members overseeing activities of the Securities and Exchange Commission (SEC) have increased scrutiny of the agency’s processes for approving the operations…
Hedge Fund Expert Reveals Why Bitcoin Will Be A Better Reserve Currency
With many countries indicating their readiness to develop a gold-backed digital asset as a store of value, James Lavish noted that BRICS nations are taking…
Rising Crypto-Related Crimes: Belarus To Suspend Crypto P2P Transactions
Reports suggest that the Ministry of Foreign Affairs in Belarus is considering banning peer-to-peer transactions involving assets like Bitcoin among its citizens. The recent development…
BTC Price Soars 36% Year-On-Year After China’s Crypto Warning
Despite the Chinese government’s efforts to convince its citizens that Bitcoin (BTC) would lose its value, their predictions have proven to be significantly inaccurate thus…
New York Attorney General Wants State Regulators To Oversee Crypto
Media sources report that the Attorney General of New York, Letitia James, recently introduced a bill to increase the New York Department of Financial Services’…
Hong Kong and Singapore Competing to Become Asian Crypto Capital
A recent study revealed that Hong Kong and Singapore rank among the best international crypto hubs. The two countries have adopted friendly policies and regulations…
Chinese Regulators Upgrading National Blockchain Standards By Next Year
A recent pronouncement from the Chinese regulators revealed that the country would prioritize improving the existing blockchain standards. The regulators will issue a new blockchain…
Binance Team Accused of Violating Chinese Crypto Laws
On March 23, the Chinese regulators accused the largest crypto exchange Binance of violating the crypto laws. China ranks among the top anti-crypto countries, and…
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