Policy


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35 Chinese Banks Add Digital Yuan to Apps as Lenders Prepare for Adoption: Report

Another 94 banks plan to access the CBDC via a clearing platform.

Customers at a coffee shop in Beijing can use the digital yuan to pay.

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Shenzhen PBoC Launches Crypto Trading 'Clean-Up': Report

China's central bank vowed earlier in August to keep high pressure on crypto trading.

People's Bank of China

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Beijing Signals Yearslong Tech Crackdown as Investors Reevaluate China Bets

China's tech crackdown extends far beyond crypto.

People's Bank of China's headquarters in Beijing

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Korean Crypto Exchanges Paid $14.7M to Banks for Name Verification Services: Report

Exchanges have to set up partnerships with banks for real-name verification by Sept. 24.

Seoul, South Korea

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PBoC Says It Will Keep High Pressure on Crypto Trading

China's central bank holds that crypto trading brings financial risk to the economy, and said it will continue a crackdown on the industry.

People's Bank of China

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Huobi Shuts Down Beijing Entity Amid Crypto Crackdown

The company said it's an old entity that isn't in use anymore.

Huobi OTC

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Beijing City Blockchain Touts Interoperability With File Storage Product

The city's government plans to unite data that's spread out among its departments.

Chain

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China Unveils Cryptography Research Center to Support Digital Yuan

The institute will be used to develop applications of the technology in an effort to boost security for China's central bank digital currency.

cryptography image

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China Releases First Carbon Offset on Ant Group Blockchain: Report

Tianjin, known for its heavy industry and oil refineries, issued China's first blockchain-based carbon offset, as the country builds up its national carbon trading platform.

Oil refinery