China | ForkLog

ForkLog 20 27.05.2022

STEPN to discontinue service for users in mainland China

The STEPN team said it would close the earning feature for users in mainland China via its Move-to-Earn app.

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ForkLog 15 12.05.2022

Shanghai court recognises Bitcoin as property protected by law

The High Court of Shanghai classified Bitcoin as a virtual asset with economic value protected by law.

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ForkLog 43 28.04.2022

How the social credit system works — China’s digital dystopia

We explain the Chinese social rating system, which provides moral and material benefits to people with a good reputation and turns 'low-ranked' citizens into outcasts.

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ForkLog 11 27.04.2022

Chinese NFT marketplace found liable for issuing a stolen token

A Hangzhou court ruled in favour of the copyright infringement claim against BigVerse, the operator behind the NFTCN platform, according to SCMP.

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ForkLog 13 11.04.2022

China regulator to scrutinise recommendation algorithms of tech giants

The Cyberspace Administration of China will review the operation of recommendation algorithms of tech giants such as ByteDance and Tencent.

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ForkLog 27 08.04.2022

The Paper Dragon: Can the digital yuan become the world’s leading reserve currency

Against the backdrop of dollar inflation and sanctions against Russia, experts are discussing more actively possible changes to the global monetary system. ForkLog has analysed how justified the talk of the 'death' of the dollar is and whether the Chinese yuan, specifically its digital version, could take the place of the main reserve currency.

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ForkLog 10 07.04.2022

WeChat joins the e-CNY testing programme.

The WeChat communication system, owned by the Chinese tech giant Tencent, has joined the testing of the digital yuan. Users of the app in the pilot programme regions can use the instrument as a payment method.

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ForkLog 20 03.04.2022

China to expand digital yuan testing program

The People's Bank of China will expand pilot testing of the digital yuan to an even larger number of cities. The regulator noted the rise in CBDC transactions and the success of the experiment during the 2022 Winter Olympics.

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ForkLog 11 21.03.2022

China’s internet giants revise NFT platform policy

NFT marketplaces owned by Ant Group and Tencent updated their terms of use amid concerns about government crackdowns and lack of regulatory clarity. On WeChat, accounts of several platforms were removed for this reason, according to QQ News.

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ForkLog 11 08.03.2022

Ethereum-mining GPUs Based on Mobile Processors Appear in China

Custom GPUs that bypass Nvidia's mining limiter using a mobile processor appeared on the China-based marketplace Goofish.

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ForkLog 16 25.02.2022

China tightens criminal liability for fundraising in cryptocurrencies

The Supreme People's Court of China has amended the legal provisions on illegal fundraising, tightening criminal liability.

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ForkLog 11 24.02.2022

Chinese police dismantle cryptocurrency pyramid scheme and seize $5.4 million in XRP

In Gansu province, law enforcement officers arrested seven organizers of a multilevel financial pyramid and seized more than 8.46 million XRP (~$5.4 million).

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