July 23, 2024
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Latest News

China’s tax officials have jumped on the NFT bandwagon

Tax bureaus in Shanghai and Chengdu have released tokens based on Tencent’s blockchain, indicating that more government agencies in China are embracing NFTs. On Friday, Shanghai will release 2,000 NFTs featuring its tax office mascot. On Tuesday, Chengdu’s tax office distributed 1,000 NFTs commemorating significant dates in China’s tax history. The changes occur as tax

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Blockchain News

China’s Central Bank Expands the Number of Pilot Cities for the Digital Yuan

The People’s Bank of China (PBOC) said on Saturday that it is expanding the number of pilot cities where its central bank digital currency (CBDC), the digital yuan, will be tested (e-CNY). Tianjin, Chongqing, Guangzhou, Fuzhou, Xiamen, and six cities in Zhejiang province will host the 2022 Asian Games in September as the new pilot

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Latest News

Fearing a government crackdown, China internet companies have removed NFT services

Because of a lack of regulatory clarity and a fear of government retaliation, China’s main social media platforms and internet behemoths have altered their policies to restrict or eliminate nonfungible token (NFT) platforms. WeChat, the Chinese social media giant, is said to have terminated numerous digital collectible platform accounts due to rule infractions. Xihu No.1,

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Latest News

At China’s Two Sessions, the term “metaverse” enters the government’s radar

At Saturday’s Two Sessions, China’s most important series of political meetings, the country set a three-decade low GDP growth target of 5.5 percent for 2022, but the bleak economic prognosis did not dampen the delegates’ intense metaverse discussion. For the first time, the metaverse was examined on a national scale at the Two Sessions. In

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Latest News

Locals and foreigners alike are not drawn to China Winter Olympic Digital Yuan

On Friday of last week, China launched its domestic digital yuan at the 2022 Beijing Winter Olympics, in an effort to demonstrate its worldwide competence. However, it appears that some residents, international visitors, and government officials are unimpressed with the digital token. At the Winter Olympic venues, the digital CNY (e-CNY) was not widely used,

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Latest News

In 2022, Guangzhou will progress digital yuan and blockchain experiments

Guangdong Province’s Government Report for 2022 predicts that Guangzhou. That’s, the province’s capital, will become a digital yuan testbed and a blockchain innovation application pilot hub in 2022. In September 2021, Guangzhou sought to become a new digital yuan pilot city.Guangzhou is a prominent city in the Greater Bay Area comprising Guangdong, Hong Kong, and

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Latest News

China plans to launch its own NFT infrastructure by Jan end, BSN confirms

According to one of its creators, a China state-backed blockchain network wants to introduce non-fungible token (NFT) infrastructure. That is unrelated to bitcoin by the end of this month. The intended NFT format will only enable Chinese yuan payments, according to He Yifan, CEO of Red Date Technology.Who’s a creator of the Blockchain-based Service Network

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Latest News

0.042 Bitcoin is demanded by hackers from a Chinese store

According to a Chinese media story, cybercriminals are holding a computer database at a supermarket in eastern China hostage. Now, seeking 0.042 Bitcoin, or US$1,832. It would be illegal for Ouranda store to make the payment because China outlawed all cryptocurrency-related transactions in September 2021. Which, includes those performed by crypto exchanges outside of China.

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Baidu, a Chinese tech giant, is launching its own Metaverse

Last year, Baidu, China’s most popular search engine, announced grandiose plans for its own metaverse. However, development began in 2020, and the business now estimates that it will take more than six years to complete. Last Monday, the internet behemoth’s self-proclaimed metaverse app, named XiRang, which translates to “Land of Hope” in Mandarin, went live.

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Latest News

China Bans NFTs Although Local Internet Giants Not Giving Up

China Regulatory Body are currently discussing major Internet companies about non-fungible tokens (NFTs) use. This is according to the Chinese crypto blogger Colin Wu. Furthermore, He reports that there’s currently a ban in China on NFTs.However, there’s no ban whatsoever on digital collectibles.“Exclusive: Chinese regulatory authorities are strengthening the supervision of NFTs…”“and have interviewed major

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