China
China's Top Prosecution Agency Says NFTs Have Crypto-Like Attributes
China's highest national agency responsible for legal prosecution has warned non-fungible token (NFT) digital collections share "the attributes of virtual assets," which are banned in the country. CoinDesk Executive Director of Global Content Emily Parker weighs in on the hype around NFTs in China and what the regulator's guidelines for the treatment of NFTs could mean for the broader crypto market.
China's Top Prosecution Agency Says Although Not Banned NFTs Have Crypto-Like Attributes
NFT collections, targeted in new published guidelines, have been gaining popularity in China since the country prohibited the trading of cryptocurrencies.
BNP Paribas Will Link Digital Yuan to Bank Accounts for Promoting CBDC Use: Report
BNP Paribas' corporate clients will be able to connect to China's e-CNY through a connection to the Bank of China's system
China's 'Credit Impulse' Is Picking Up. Here's Why It Matters to Bitcoin
Credit impulse, an indicator introduced by former Deutsche Bank economist Michael Biggs, measures the change in new credit issued as a percentage of the gross domestic product.
China’s Douyin App Takes Down Bitcoin Price Ticker Hours After It Went Live
Bitcoin prices showing up on Douyin seemed to be an indication that Beijing maybe warming up to crypto. However, the ticker being taken down immediately afterwards suggests otherwise.
Sam Bankman-Fried to Plead Not Guilty to Bribery, Campaign-Finance Charges: Reuters
The FTX founder previously pleaded not guilty to eight charges of fraud and conspiracy and is awaiting trial in October.
Binance Concealed Extensive Links to China for Years: Financial Times
According to the Financial Times, Binance hid the company's presence in China for several years, contrary to claims made by its executives that the crypto exchange left the country after a local crackdown on the industry in late 2017. "The Hash" panel discusses the latest on Binance amid continued regulatory scrutiny.
Sam Bankman-Fried Faces New U.S. Indictment Over Chinese Bribery Charge
A superseding indictment was shared on Wednesday morning. A Federal judge also approved new bail restrictions for the FTX founder.
Binance Employees, Volunteers Tell Users How to Bypass China’s Crypto Ban: CNBC
Some employees and support volunteers at crypto exchange Binance are helping customers in China and worldwide subvert Binance's controls to hide their country of residence or origin, according to a CNBC report. "The Hash" panel discusses the potential weaknesses in Binance's know-your-customer and anti-money-laundering efforts and the revelations about the state of crypto in China despite a ban on all crypto transactions.
Binance Users in China, Elsewhere, Evade KYC Controls With Help of 'Angels': CNBC
Some Binance employees and volunteers shared tips on forging bank documents, falsifying addresses or hiding the country of origin to secure a Binance debit card, CNBC reported, citing Binance-controlled Chinese-language chatrooms, whose messages it translated.
