China Archives - Page 2 of 15

Chinese Central Bank, Others to Test CBDC-Based Cross-Border Payments

February 23, 2021

The Digital Currency Institute, the People’s Bank of China’s digital currency wing, and the central bank of the United Arab Emirates have joined other Asian monetary regulators in a central bank digital curre...

Japan Raises Concerns Over China Blacklist On Overseas Casino Tourism Destinations

February 22, 2021

The Japanese government has refrained from commenting following a question from House of Representatives member Kenji Eda regarding concerns that Japan’s first integrated resort developments could see the nat...

Chinese City Suzhou to Distribute $5 Million in Digital Yuan

February 5, 2021

China is extending its digital yuan trial yet again as the city of Suzhou has announced the lottery to distribute 30 million yuan (around $5 million) among the residents in digital fiat. The city government ...

China Set To Expand Blacklist Of Overseas Casino Tourist Destinations

January 27, 2021

China’s Ministry of Culture and Tourism is preparing to expand a “blacklist” of overseas tourist destinations it says are attracting Chinese tourists for gambling activities. Chinese state-run news agency Xi...

Nasdaq-Listed Crypto Firm Accused Of Defrauding Investors With Fake Bitcoin Mining Business

January 24, 2021

A class-action lawsuit was filed on Wednesday in the Southern District Court of New York against Bit Digital Inc., its CEO Min Hu, and CFO Erke Huang. Bit Digital, a holding company listed on Nasdaq under th...

Beijing To Hold Pilots To Promote Country’s CBDC

January 24, 2021

Beijing to hold pilots to promote country's CBDC. According to a report on Sunday from Chinese state media outlet Global Times, Beijing's mayor said the capital will hasten development of "demonstration zones...

Shanghai Starts Construction Of E-Sports Centre

January 12, 2021

Shanghai starts construction of Esports centre. In a bid to become the leader in competitive gaming, Shanghai has started the construction of an e-sports arena. The site, known as the Shanghai International ...

PBoC Introduces Physical Card Wallet To Test Digital Yuan

January 10, 2021

PBoC introduces physical card-wallet to test digital yuan. According to news reported on January 5 by Tencent News, employees at Shanghai Jiao Tong University School of Medicine’s Tongren Hospital used the di...

Selected Shenzhen Residents Will Receive Lottery ‘Red Envelopes’ With Digital Yuan

January 4, 2021

Selected Shenzhen residents will receive lottery 'red envelopes' with digital yuan. The city of Shenzhen is offering its citizens the opportunity to register to participate in a municipal lottery as of last w...

Shenzhen Announces 20 Million Digital Yuan Giveaway

January 4, 2021

Shenzhen, one of the most populous cities in China announced that its residents will be able to receive 20 million digital yuan, worth nearly $3 million as a gift. Shenzhen joins Suzhou to test the real-life ...