According to a recent study, the Chinese government has recognized the new threat that cryptocurrencies provide in terms of assisting drug trafficking. Chinese news source Nncc626 reported on June 23 that the authorities classified a shift in the flow of drug money from online bank transfers to cryptocurrencies as a new phenomena in the 2021
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Marathon announced earlier this month that it had been stockpiling or “hodling” Bitcoin since October 2020. The corporation had roughly 9,941 BTC on June 1, 2022. Despite data suggesting that the price of Bitcoin (BTC) has dropped to the point where it is no longer profitable for the ordinary miner, Marathon Digital Holdings says it
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By 2025, the Supreme People’s Court of China has asked the Chinese legal system to use blockchain technology to connect courts across the country. In a paper release on Wednesday, the Supreme Court states that blockchain can be to verify and share judicial data, legal documents, and reports. According to the document, there are approximately
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According to a local newspaper, authorities in China’s Rong County, Zigong City, recently punished eight people suspected of coordinating the MDC virtual currency pyramid scheme. According to the article, the case was prosecuted by the Rong County People’s Procuratorate and took ten months to complete after the MDC’s 12 key members were arrested. The MDC
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Residents in three major Chinese cities have begun paying taxes, stamp duty, and social security contributions with the digital yuan, the country’s central bank’s digital currency (e-CNY). According to a domestic news article, a number of government entities in Zhejiang province, which is located just south of Shanghai, are currently conducting real-world trials involving citizens
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Bilibili, a popular video streaming platform among China’s Generation Z, unveiled a batch of Ethereum-based non-fungible tokens (NFTs) for sale outside of China on Thursday. The NFTs, according to Bilibili, will be a collection of auto-generated characters with various traits. Such as faces, clothing, skin tone, headwear, and items carried in the characters’ hands. Bilibili
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