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China

Chinese Criminal Gang Sentenced for Laundering Money with Digital Yuan

In an international scheme, a criminal syndicate in China has been convicted of money laundering utilizing digital yuan. As detailed in an Mpaypass report, the People’s Procuratorate of Yuecheng District,...
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Major Chinese Bank Offer Digital Yuan Users Carbon Credit Rewards

A significant Chinese financial institution, Industrial Bank, has unveiled a new incentive program aimed at promoting the usage of the digital yuan. According to reports from CICC Online, the bank...
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AI Predicts China Will Ban High-Energy Blockchains

China, renowned for its substantial presence in the worldwide cryptocurrency mining realm, is confronting the environmental consequences associated with its expanding blockchain sector. Amid mounting apprehensions regarding carbon footprints and...
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Top Chinese Law Firm Analyzes Digital Yuan AML Challenges

JunHe Law Firm from China has published a report focusing on the hurdles in anti-money laundering (AML) presented by the digital yuan. Partner Chen Xin of JunHe Law Firm has...
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Concerns Raised Over China’s Influence on US Bitcoin Mining Infrastructure

In the midst of escalating worries over national security and vulnerabilities in infrastructure, the spotlight is now on China’s involvement in the cryptocurrency realm. Traditionally, the United States has been...
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China Expands Digital Yuan Accessibility Through Hardware Wallet Integration

The Qingdao branch of the Bank of China (BOC) has unveiled a novel payment solution for Qingdao’s metro transit system, leveraging digital yuan hardware wallets. Reported by the local news...
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China’s Central Bank Publishes Digital Yuan Guide for Foreign Visitors

The People’s Bank of China, China’s central bank, has released a digital yuan service manual aimed at assisting foreign visitors in utilizing e-CNY for contactless payments. According to a report...
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China’s Shandong Province Introduces Digital Yuan Loan for Entrepreneurs

Shandong Province in China has initiated a digital yuan loan initiative aimed at supporting entrepreneurs, marking a significant move towards incorporating digital currency into local business operations. As reported by...
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BRICS to Develop Digital Currencies and Blockchain-Based Payment System

The BRICS nations are poised to establish a self-reliant payment system built on blockchain technology, integrating digital currencies to facilitate seamless and economical global transactions. Kremlin aide Yury Ushakov revealed...
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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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