Beijing News

Beijing’s consideration of a yuan-backed stablecoin could mark a new front in the global financial system, but experts say dollar dominance, liquidity and trust are high hurdles.

China’s plan to liquidate confiscated crypto through Hong Kong exchanges isn’t simply a policy — it’s to control global digital asset markets and outmaneuver the US.

China's capital city, Beijing, has launched a two-year plan to boost blockchain development and adoption across key industries.

Lawmakers in Japan have decided to enforce stricter Anti-Money Laundering measures starting June 1 to trace cryptocurrency transactions.

The release of the white paper coincides with new digital asset regulations in Hong Kong, raising further interest in China’s stance toward the crypto industry.

The Metaverse development plan requires various municipalities to track NFT technology trends and integrate the Metaverse into education and tourism.

While NFTs are not banned in China like cryptocurrencies, the government has warned against fraud risks associated with the nascent sector.

Guangdong province’s Development and Reform Commission confiscated 190 crypto mining machines, estimated to be worth 5 million yuan.

China has carried out multiple crypto crackdowns and enforced numerous bans on crypto markets since 2013, however, Chinese traders have always found a way to bypass these bans.

The research report blamed the increase of Bitcoin’s carbon footprint on the China mining ban and claimed Chinese miners were more renewable-energy-focused.

The new policy change aims to mitigate risks arising from digital currency fundraising and the absorption of funds from the public.

Sustainable Bitcoin mining gets a boost from the joint venture between mostly hydro-powered BTC miners Merkle Standard and infrastructure provider Bitmain.

"Do not accept any digital yuan," said Minnesota Representative Tom Emmer in a tweet aimed at Team USA athletes competing in China.

Shanghai’s five-year plan calls for the use of a metaverse in public services, businesses, entertainment and industrial manufacturing.

Beijing residents should apply to participate in the lottery until midnight on June 7.