China
Huobi Plans Return to US Months After Shuttering China Business
The company will focus on asset management instead of an exchange business.
Kazakh Authorities Bust 202MW of Illegal Crypto Mines
The Central Asian country has struggled to meet electricity demand, particularly after miners flocked there from China.
China Casts Long Shadow Over Hong Kong's Once-Vibrant Crypto Industry
The city's regulators are looking to finally provide some clarity. Will it be enough to retain crypto companies leery of China's growing sway?
Bitcoin Rally Past $44K Stalls on Low Volume
Bitcoin rallied above $44,000 on low volume before retreating as Russia said it was receptive to a diplomatic solution to tensions on the Ukraine border. OKX Director of Financial Markets Lennix Lai shares insights into crypto trading patterns in China and wider Asia despite thin volumes, the correlation between the markets and Russia-Ukraine tensions and views on NFTs.
Bandai Namco Plans IP Metaverse; Russia’s Crypto Flip
UN approves Chinese NFT standard. Japan’s Bandai Namco to create IP metaverse. Russia U-turns on crypto, but will it last? We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
PBOC Pushes E-CNY Standardization; CoinDCX Hits 10M Users
China’s central bank works on E-CNY standardization. India’s excitement for crypto grows despite tax. Are memecoins becoming more than a joke? We’ll have more on those stories — and other news shaping the cryptocurrency and blockchain world — in this episode of The Daily Forkast.
Sen. Toomey Sounds Warning About China’s Digital Yuan as Olympics Start
The country is using the Winter Olympics in Beijing as an international test of its central bank digital currency (CBDC).
India’s 30% Crypto Tax Proposal Explained
Indian Finance Minister Nirmala Sitharaman announced the nation’s budget Tuesday, revealing it will tax digital assets at a 30% rate and launch a digital rupee by 2023.
Could Central Bank Digital Currencies Threaten Privacy?
The adoption of China’s digital yuan is expanding ahead of the Beijing Winter Olympics, despite some analysts warning central bank digital currencies (CBDCs) could threaten consumer privacy. CoinDesk’s David Morris shares insights into the path towards a digital dollar and privacy considerations.
GameFi Faces Regulatory Headwinds in Major Asian Markets
As cryptocurrency investors look to GameFi as the industry’s latest vertical, experts warn gaming and crypto’s most important markets will provide regulatory challenges for the industry.
