China Archives - FortuneZ

Beijing Court to Create Property Right Framework for ‘Digital Currencies’

August 11, 2021

The Beijing Financial Court has outlined its intention to protect the property rights of “digital currency” holders – but only if such “currencies” are “legally” recognized by the Chinese state. Speaking at ...

Weibo Bans More than 12 Crypto-Related Accounts amid China’s Crypto Crackdown

June 7, 2021

A number of cryptocurrency-related accounts were reportedly blocked on Weibo over the weekend. This is not the first time that crypto-related accounts have been suddenly closed on the China-based platform, wh...

Chinese Bitcoin Miners Remain Uncertain after Government’s Announcement

May 24, 2021

China is a dominant force in the global Bitcoin mining industry. The country accounts for nearly 70% of the global Hash Rate. The recent announcement by the Chinese government is spreading uncertainty among l...

Nervos And CMB International Launch $50M Blockchain, DeFi And NFT Fund

May 19, 2021

China’s leading blockchain network to fund startups willing to develop on it. The Nervos Foundation has announced the launch of a fund in collaboration with CMB International, a wholly-owned subsidiary of Ch...

Hong Kong To Expand Pilots For Cross-Border Use Of Digital Yuan

May 13, 2021

The first phase of tests for use of the China's central bank digital currency (CBDC) - digital yuan across borders has been successful, the Hong Kong Monetary Authority has said. The Digital Currency Institu...

Binance To Launch MicroStrategy, Apple And Microsoft Stock Tokens

April 26, 2021

Top crypto asset exchange Binance has announced it will list three new stock tokens over the coming week, following the launch of tokens tracking the performance of Tesla and Coinbase shares earlier this mont...

China Outlines Plans to Crack Down on Cross-Border Gambling

April 9, 2021

China’s Ministry of Public Security has outlined further plans to crack down on cross-border gambling crimes in an effort to “sustain the economic security and public stability of China.” The Minister of...

Peking University Launches Training Class for Esports Management Talents

March 8, 2021

China’s top educational institution, Peking University, announced that it has launched a three-month-long training class from Jan. 16 – April 11, targeting people who want to become management talents in the...

Macau Should Adjust The Ratio Of Contribution From Gaming To The Economy: Beijing

March 8, 2021

The National People’s Congress (NPC) and the Chinese People’s Political Consultative Conference (CPPCC) National Committee began their annual national sessions in Beijing last week, where they promptly remind...

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...