China


Markets

Chinese Investors Could Snap Up Cryptocurrencies as Yuan Slides, Hedge Fund Says

The currency fell to a 14-year low against the U.S. dollar early Wednesday.

Sliding yuan and property market woes may see Chinese investors move money to cryptocurrencies. (Tumisu/Pixabay)

Layer 2

'Decentralization Under Centralization': How Chinese Universities Teach Blockchain

President Xi wants China to be the world’s leader in blockchain technology but has banned its most popular uses. Students and faculty wonder whether universities can successfully teach blockchain with Chinese characteristics, and if graduates can find jobs. This story is part of CoinDesk's Education Week

(Rachel Sun/CoinDesk)

Policy

Landmark International CBDC Test Deemed Success, BIS Says

Over $22 million in foreign exchange was aided via the pilot involving China, Thailand and Hong Kong, the Bank for international Settlements said

(Twenty47studio/Getty Images)

Videos

China Arrests 93 for Crypto-Related Money Laundering; Bank of America Says Crypto Is Acting as Risk Asset

Interpol has issued a Red Notice for Terraform Labs co-founder Do Kwon, according to a report from Bloomberg. Authorities in China's Hunan province arrested 93 people for allegedly laundering up to RMB 40 billion ($5.6 billion) using crypto. Digital assets continue to act as risk assets, falling as global interest rates rise, Bank of America (BAC) said in a research report Friday.

Recent Videos

Policy

Chinese Authorities Arrest 93 for Crypto-Related Money Laundering

The suspects laundered as much as RMB 40 billion, according to Hengyang county police.

Changshá, capital de Hunan. (YunFengQ/Unsplash, editada por CoinDesk)

Layer 2

Best Universities for Blockchain 2022: Fudan University

An integration of university research with industry collaboration sets the No. 28-ranked school apart. This story is part of CoinDesk's Education Week.

Fudan University main campus building, Shanghai, China (Getty Images)

Layer 2

Best Universities for Blockchain 2022: Zhejiang University

The No. 24 school offered the first blockchain course in China. This story is part of CoinDesk's Education Week.

Zhejiang University (Getty Images)

Layer 2

Best Universities for Blockchain 2022: Chinese University of Hong Kong

The No. 20-ranked school helped build a blockchain based Covid-19 digital passport. This story is part of CoinDesk's Education Week.

Chinese University of Hong Kong University (Getty Images)

Layer 2

Best Universities for Blockchain 2022: Sun Yat-sen University

Collaborations with prominent industry players such as Tencent and Alibaba put this Guangzhou university at No. 16. This story is part of CoinDesk's Education Week.

Sun Yat-sen University (Wikimedia)

Layer 2

Best Universities for Blockchain 2022: Peking University

With more blockchain-related courses than any other school in mainland China, Peking University attains this year’s No. 13 spot. This story is part of CoinDesk's Education Week.

Peking University (Getty Images)