China


Markets

China Proposes Global Rules for Monitoring CBDCs

China is leading major nations in the development of a CBDC but the digital yuan project has raised concerns.

People’s Bank of China

Policy

Fed Chair Powell: Digital Dollar Would Need Stronger Privacy Than Digital Yuan

“The lack of privacy in the Chinese system is just not something we could do here,” Powell told a House committee.

Federal Reserve Chairman Jerome Powell

Markets

Shanghai-Backed Conflux Blockchain Wants to Bring DeFi to China

The company told CoinDesk that even though ICOs and fiat-to-crypto trading are not allowed in China, crypto-to-crypto trading is not banned.

Conflux co-founders Ming Wu and Fan Long

Policy

State of Crypto: What’s Next for the OCC?

The OCC published a number of crypto-friendly pieces of guidance last year. The next head of this banking regulator could undo this work.

President Joe Biden should nominate a new head for the Office of the Comptroller of the Currency in the coming weeks.

Policy

How China’s Digital Yuan Could Go Global

China has been quietly testing platforms where the digital yuan can be freely traded with other fiat currencies.

yuan and usd

Tech

Ant Group Leads China-Dominated 2020 List of Blockchain Patent Holders

The only non-Chinese firm in the rankings, IBM, came fourth in terms of number of patents.

Ant Group and Alibaba founder Jack Ma

Markets

Blockchain Gets First Mention in China's 5-Year Policy Plan

China’s 14th five-year plan outlines the country’s economic priorities and stressed that technology will play an increasingly important large role.

Chinese President Xi Jinping

Markets

NFT Art Craze Spreads to China

The exhibition titled “Virtual Niche—Have you ever seen memes in the mirror?” will run from March 26 until April 4 in Beijing before moving on to Shanghai.

China dragons

Policy

Weibo Suspends Huobi, Binance, OKEx Accounts After Bitcoin Surge

Chinese social media app Weibo suspended the official accounts of four major crypto exchanges: Huobi, Binance, OKEx and MXC.

(Binance CEO Changpeng Zhao/CoinDesk)

Markets

Bitmain Accused of Illegally Hiring Engineering Talent in Taiwan

Prosecutors claim more than 100 engineers were poached by the bitcoin mining company.

bitmain