China
Yifan He: China, Blockchain and BSN – Part 1
While initially cautious about blockchain technology, China now has an over 80% share in blockchain patent applications worldwide. This shift in China’s strategy comes even though crypto currencies are frowned upon in the country. Even though crypto currencies are one of the most popular applications of blockchain technology globally, China has taken a different route as it develops Blockchain Base Service Network or BSN. How exactly does BSN work? Is it linked to existing public chains? Or is it developing in isolation? Is BSN China’s connection to global blockchains? And how does it operate without crypto currencies? What is NTT & how does one use it? Get the answer to all these questions & more in the latest episode of Word on the Block where Forkast’s editor in Chief Angie Lau talks to the man helping build BSN.
Why Justin Sun Is 'Highly Optimistic' on China's Crypto Scene
Crypto and blockchain tech is "a world trend," Tron founder Justin Sun says. "There's not any country in the world that can be isolated." He discusses why he's optimistic on the outlook of crypto in China, following the country's crackdown.
Justin Sun on Huobi Being Acquired by About Capital
Tron Founder Justin Sun discusses the significance of Hong Kong-based About Capital acquiring crypto exchange Huobi Global. Plus, insights into decentralized stablecoin USDD, "advantages" of central bank digital currencies (CBDCs), how Binance competes against its rivals and his "highly optimistic" outlook for China's crypto scene.
Landmark CBDC Test Backed by China, Thailand and Hong Kong Deemed Success, BIS Says
The Bank for International Settlements (BIS) said a project involving multiple Asian central bank digital currencies (CBDC) has been deemed a success, facilitating over $22 million in foreign-exchange transactions. Josh Lipsky, Senior Director at Atlantic Council GeoEconomics Center, discuses CBDC progress in China and around the globe.
China Arrests 93 for Crypto-Related Money Laundering; Bank of America Says Crypto Is Acting as Risk Asset
Interpol has issued a Red Notice for Terraform Labs co-founder Do Kwon, according to a report from Bloomberg. Authorities in China's Hunan province arrested 93 people for allegedly laundering up to RMB 40 billion ($5.6 billion) using crypto. Digital assets continue to act as risk assets, falling as global interest rates rise, Bank of America (BAC) said in a research report Friday.
China’s Non-Crypto Blockchain
China’s state-backed BSN pushes use of non-crypto blockchain outside mainland. Why is there a need for non-crypto blockchain? This story and other news shaping the cryptocurrency world in this episode of “The Daily Forkast.”
China’s World Metaverse Conference Underway in Beijing
China’s three-day World Metaverse Conference (WMC) kicked off Friday in Beijing against concerns over restrictive crypto policies in the country. “The Hash” hosts discuss how officials in China view the metaverse and the potential impact on the global crypto ecosystem.
