Kyle Bass Urges US to Ban the Digital Yuan
China plans to use DCEP to spread its influence to rival countries, so the United States should ban its use. This was stated by Hayman Capital Management founder Kyle Bass.
Kyle Bass Urges US to Ban the Digital Yuan
China plans to use DCEP to spread its influence to rival countries, so the United States should ban its use. This was stated by Hayman Capital Management founder Kyle Bass.
China Holds Seminar on Cryptocurrencies for Police and Judges
Lawyers, representatives of law enforcement and the judiciary in the PRC held a seminar devoted to cryptocurrencies.
OK Group to Aid Police in AML Crackdown Using Blockchain
OK Group, the parent company of the cryptocurrency exchange OKEx, announced a collaboration with the Nanjing Public Security Research Institute to apply blockchain technology in anti-money-laundering operations.
US sanctions Chinese AI firms over Uyghur rights abuses
The US Department of Commerce has imposed sanctions on 14 Chinese tech companies for ties to human rights abuses against the Uyghur minority in Xinjiang. American companies are barred from doing business with them without a special license.
PBoC deems Bitcoin and stablecoins speculative instruments
Fan Yifei, deputy governor of the People's Bank of China, said that Bitcoin and stablecoins have become speculative instruments, posing risks to the security of the financial system and social stability.
Tencent deploys facial-recognition to curb underage gaming at night
The Chinese tech giant Tencent has rolled out the Night Patrol facial-recognition system to bar underage gamers from online games from 22:00 to 08:00. It will also prevent children from exceeding a daily limit of 90 minutes.
Chinese authorities shut down a crypto-related software company
The Department of Business Administration of the People's Bank of China (PBOC), the Beijing Financial Regulation Bureau, and the authorities of the capital's Huairou District closed a local software development company for cryptocurrency operations, according to a statement.
Opinion: China’s crackdown on miners is a boon for Canada
Diversification of Bitcoin mining centers due to the crackdown in China is good news for Canada. This view was expressed by Huram Shroff, head of the Dubai-based investment firm IBC Group.
Chinese developers outpace the United States in an international smart-city competition
Tech giants Alibaba and Baidu won the AI City Challenge, beating competitors from 38 countries. Chinese firms or universities took first and second places in all five categories, Wired reports.
China to trial digital yuan with restricted use cases
Authorities in Chengdu, the capital of Sichuan province, will distribute 12 million digital yuan ($1.85 million) among residents. A defining feature of this distribution is the programmable use cases of the CBDC.
Mike Novogratz: Exodus of miners from China will benefit the industry
The Galaxy Digital founder Mike Novogratz called the exodus of miners from China a 'major plus' for the cryptocurrency industry. In an interview with Bloomberg, he stated that the PRC's repressive policies will not hinder Bitcoin's development.We use cookies to improve the quality of our service.
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