Media: China curbs rivals to the digital yuan in the Olympic Village
China restricted payments using the Alipay and WeChat payment systems in the Olympic Village, where the digital yuan is being tested.
Media: China curbs rivals to the digital yuan in the Olympic Village
China restricted payments using the Alipay and WeChat payment systems in the Olympic Village, where the digital yuan is being tested.
Media: Mobile wallet for the digital yuan tops app-store charts
In the first week after launch, the pilot version of the mobile wallet for using the digital yuan topped the rankings of mobile apps in China.
Media: App Store and Google Play add mobile wallet for the digital yuan
China's authorities launched a pilot version of a mobile wallet for the digital yuan. The app is already available in the App Store and Google Play app stores.
Media: Chinese investors have not abandoned Bitcoin after tougher regulation
Chinese investors have not abandoned cryptocurrencies despite tighter regulation and the exit of two major platforms—Binance and Huobi—from the country. The South China Morning Post (SCMP) reports this.
China develops the world’s first AI prosecutor
Chinese researchers have developed an algorithm that can indict people for offenses using artificial intelligence. The AI prosecutor can press charges with 97% accuracy based on an oral description of the case.
Media: 20% of Bitcoin mining capacity remains in China
After the mining ban in China, local Bitcoin miners still generate up to 20% of the network's total hashrate. CNBC reports, citing experts.
China bars video platforms from posting videos about cryptocurrencies and mining
The China Netcasting Services Association (CNSA) banned its members from posting content promoting the trading of cryptocurrencies and mining. The restrictions primarily affect short-video services such as Douyin (the Chinese equivalent of TikTok).
Chinese court rejects claim for 278 BTC over ‘anti-social’ contract
A Beijing court found the bitcoin mining contract invalid and rejected the plaintiff's request for the defendant to pay 278 BTC, according to the court ruling.
Media: Alibaba and Huawei plan to enter the metaverse market
Alibaba registered in Beijing a subsidiary Yuanjing Shengsheng, which will test the gaming potential of the metaverse.
China urges international rules governing military AI
The world needs international rules governing the use of military artificial intelligence to prevent a new arms race and a global catastrophe. This was stated by Li Sun, China’s ambassador for arms control at the UN.
UK intelligence raises concerns about the digital yuan
The head of the Government Communications Centre (GCHQ), one of Britain's intelligence agencies, Jeremy Fleming warned of potential negative consequences of the global spread of China's CBDC for other countries, according to the Financial Times.
Chinese authorities flag NFT and metaverses as potential Ponzi schemes
Metaverses and NFTs may turn out to be bubbles, Ponzi schemes, or other forms of financial fraud. This is stated in the official blog of the Central Political and Legal Affairs Commission of the Communist Party of China.We use cookies to improve the quality of our service.
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