China
Kazakhstan’s Crypto Miners Face New Regulations After Contributing to Power Shortages
Crypto mining could help push the country’s transition into green energy.
China’s Xi Cements Power With Historic Communist Party Resolution
President of China Xi Jinping has issued a new historic resolution to cement his leadership as the head of the Chinese Communist Party (CCP) going forward. The only other leaders who have pushed through such resolutions on the party’s history are Mao Zedong and Deng Xiaoping.
Huobi Global to Expel Singapore Users, Citing Local Regulations
The exchange is looking to expand overseas to make up for lost Chinese users.
Bank of China Reveals Machine That Converts Foreign Currency to Digital Yuan: Report
The machine requires a passport, but not a bank account.
Ethereum Hits New All-Time High, South Korea Says NFTs Are Not Virtual Assets
Ethereum kicks the week off at an all-time high. China’s Meten Holding Group pivots from tutoring into crypto mining. South Korea says NFTs are not virtual assets. We’ll have more on those stories and other news shaping the cryptocurrency and blockchain world in this episode of "The Daily Forkast."
Crypto Exchange Huobi Global to Move Spot Trading Services to Gibraltar
The exchange believes that operating under a licensed entity will appeal to institutional investors.
mBridge Reveals 15 Use Cases and 22 Heavyweight Participants
Goldman Sachs, HSBC, Société Générale, and China’s biggest state-owned banks are part of the project.
Huobi Focuses on Expansion, Sponsors Contest to Send One Winner Into Space
The Chinese blockchain company is celebrating its eighth anniversary with a space flight contest and an industry forum featuring former Fed Chairman Alan Greenspan.
China’s CBDC Has Been Used for $9.7B of Transactions
Some 140 million people have opened wallets for the “eCNY.”
