The US Treasury’s OFAC has blacklisted cryptocurrency wallets linked to illegal fentanyl trade in China, involving $3.8 million across Bitcoin, Ethereum, and…
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China
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CryptoNews
Chinese Yuan-Backed Stablecoins Could Help Internationalize Currency, says Circle CEO
by David Perryby David PerryCircle CEO suggests China should consider using CNY-backed stablecoins to promote the internationalization of its currency, emphasizing their potential effectiveness over CBDCs.…
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The NFT market of China received warnings on Monday from The Supreme People’s Procuratorate of China stating that there are a lot…
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Blockchain
China Telecom and Conflux Unveils ‘Blockchain-Empowered’ SIM Card, Revolutionizing Mobile Security
by Stew Laneby Stew LaneBlockchain technology has revolutionized the tech world in recent years, with its unparalleled flexibility and the multitude of features it provides. Now,…
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Digital currencyCBDC
Chinese Officials Give Residents $26 million in CBDC as a Present to Welcome the Spring Festival
by Stew Laneby Stew LaneOn this joyous occasion of the Spring Festival, China is allocating a generous sum of $26 million in Central Bank Digital Currency…