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Chinese Authority Warns of Fake Digital Yuan App Scam

The Ministry of Industry and Information Technology (MIIT) in China has issued a cautionary notice regarding new fraudulent activities revolving around counterfeit digital yuan applications. As per a recent MIIT...
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China’s National Prosecutor Takes Action Against Blockchain Cybercrimes

China’s top prosecutorial authority is intensifying its crackdown on the rising tide of cybercrimes, focusing on perpetrators who exploit blockchain and metaverse ventures for unlawful purposes. In a recent statement,...
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Chinese Prosecutors Promise Increased Punishment for Blockchain and Metaverse Crimes

Today, China’s highest prosecutor emphasized that criminals involved in illegal activities utilizing blockchain technology and metaverse projects will encounter more severe consequences. During a press briefing held by the Supreme...
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Car Buyers in China Now Can Pre-Pay with Digital Yuan Smart Contracts

Shenzhen, a city in China, has introduced digital yuan smart contracts for pre-paying for cars, in collaboration with the Agricultural Bank of China. Reported by the local newspaper Jing Bao,...
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Beijing Censors Crypto Mining Activities to Strengthen Energy Conservation

Beijing, China has intensified its efforts in the field of cryptocurrency mining as part of a comprehensive energy conservation plan. In a recent government announcement, the Beijing Municipal Development and...
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China Gears Up for Updated Crypto AML Laws: Report

China is reportedly taking steps to bolster surveillance within the expanding cryptocurrency sector by amending its anti-money laundering (AML) laws to encompass cryptocurrency transactions. A committee of executives, led by...
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Chinese Company Issues First $350 Million Tech Innovation Bond Raised in Digital Yuan

A Chinese infrastructure firm has effectively secured $350 million in digital yuan to fund its innovative technology bond. As reported by Shanghai Securities News, the Shandong Hi-Speed Group has launched...
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People’s Bank of China Stresses on Global Regulation for Crypto and DeFi Markets

China’s central bank has urged global financial authorities to regulate both the digital asset and decentralized finance (DeFi) markets, as stated in its recent financial stability report. Released on December...
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China pledges to accelerate the development of NFTs and decentralized applications despite the ban on cryptocurrency trading

China intends to encourage the development of non-fungible tokens (NFTs) and decentralized applications, as the country continues to leverage blockchain technology despite the ban on cryptocurrencies. The Ministry of Industry...
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Banks Flock to Chinese Digital Yuan Pilot – 60 Now Offer CBDC Wallets

Nine additional banks have recently joined China’s digital yuan pilot program, contributing to a total of 60 banks that now offer Central Bank Digital Currency (CBDC) wallets. The latest participants...
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