China
China Vows to Clarify Web3, NFT Development Path
Moving forward, China’s Web3 strategy would encourage the development of new business models such as NFT and accelerate the innovative application of Web3, the Ministry of Science and Technology said.
China to Verify Citizens' Identities With New Blockchain-Based Platform
The announcement follows a government rule change to require social media influencers to display their real names.
Standard Chartered China Offering Exchange Services for Digital Yuan
The bank will give customers access to the digital RBM's interconnection platform, offering recharge and redemption.
U.S. Bill Proposes Outlawing Government Use of China-Made Blockchains and Tether's USDT
Government officials would no longer be able to use networks developed by China that power crypto transactions, according to a new bipartisan bill.
Crypto at the Center of $300M Fraud Case in China
21 people were sentenced in a case involving converting 'dirty' USDT to RMB.
Crypto Miners Lobby U.S. Lawmakers to Counter Environmental 'Misunderstanding'
Dozens of mining firms came to Washington to steer the policy narrative away from negative environmental claims and make a case for mining as an economic and security boon.
PetroChina Completes First International Crude Oil Trade in Digital Yuan: Report
PetroChina bought 1 million barrels of crude oil settled in e-CNY at the Shanghai Petroleum and Natural Gas Exchange
Chinese Firms Used Crypto Payments to Run Fentanyl Network, U.S. Claims in Charges
The U.S. Department of Justice charged eight companies with illegal drug production, distribution and sales of precursor chemicals, saying they used cryptocurrency to move money.
Chainalysis: Hong Kong and China’s OTC Markets Remain Active Despite Crypto Winter
East Asia represents almost 8.8% of all transactions globally, a report from the research firm says.
Huobi Denies Reports of Executive Arrests as Stablecoin Reserves Sink
Nansen data shows that crypto exchange Huobi’s stablecoin reserves dipped by 33% in the last week, with traders withdrawing $49 million in stables. This comes as a spokesperson for Huobi denied reports that several executives were arrested in China over the weekend. "The Hash" panel discusses the latest developments at Huobi and the state of crypto regulation in China.
