China proposes to bring its social credit system to the metaverse: Report
Reports emerging on August 20 reveal that China is contemplating the implementation of a system reminiscent of its existing social credit system within.
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Rise in Chinese Citizens Firms Using Digital Yuan to Pay Taxes
The adoption of China’s central bank digital currency (CBDC), the digital yuan, is gaining significant traction, with more Chinese citizens and firms utilizing.
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China’s Blockchain-based Project Threatens US $7T Dominance
In a bold move that could potentially reshape the landscape of global finance, China has unveiled its latest blockchain venture, the “mBridge” project,.
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Shaoxing Plans Major Digital Yuan Giveaway Ahead of Asian Games Showcase
The city of Shaoxing in China is gearing up for an Asian Games-themed digital yuan giveaway, aligning with the nation’s preparations for a.
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Top Lawmaker Suggests China and Russia’s CBDCs Are ‘Compatible’
A leading Russian lawmaker has expressed optimism about the compatibility of China and Russia’s Central Bank Digital Currencies (CBDCs) and their potential for.
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China is cracking down on crypto again
Chinese police appear to be stepping up their crackdown on cryptocurrency-related crime, according to the South China Morning Post. According to the report,.
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As Digital Yuan Hype Fades, China Must Find Fresh Institutional Use Cases
China’s e-CNY, the digital yuan, had once captured global attention as central banks, journalists, and politicians closely monitored its implications. The People’s Bank.
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China Looks to Add Digital Yuan Functionality to Social Security Cards
China is exploring a groundbreaking development that could propel the adoption of its central bank digital currency (CBDC), the digital yuan. According to.
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Brazilian President Lula da Silva Advocates for De-Dollarization at BRICS Summit
Brazilian President Luiz Inácio Lula da Silva has expressed his determination to address the de-dollarisation issue during the upcoming BRICS meeting. With a.
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This Is Why Russia Is Becoming a ‘Crypto Mining Hotspot’:Experts
Russia is emerging as a prominent crypto mining hub, with experts shedding light on the reasons behind its rise. According to reports, Russia.
