China proposes to bring its social credit system to the metaverse: Report
Proposals to a United Nations group reportedly show China wants digital IDs and real-world punishments for actions that occur in the Metaverse.
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Beijing releases white paper for Web3 innovation and development
The release of the white paper coincides with new digital asset regulations in Hong Kong, raising further interest in China’s stance toward the crypto industry.
Beijing announces two-year Metaverse innovation and development plan
The Metaverse development plan requires various municipalities to track NFT technology trends and integrate metaverse into education and tourism.
Tencent shuts down NFT platform as gov policy makes it impossible to thrive
While NFTs are not banned in China like cryptocurrencies, the government has warned against fraud risks associated with the nascent sector.
Chinese police busts illegal crypto mining farm, seizes 190 miners
Guangdong province’s Development and Reform Commission confiscated 190 crypto mining machines estimated to be worth 5 million yuan.
China’s share in Bitcoin transactions declined 80% post crackdown: PBoC
China has carried out multiple crypto crackdowns and enforced numerous bans on crypto markets since 2013, however, Chinese traders have always found a way to bypass these bans.
Bitcoin network’s carbon emission jumped 17% after China ban: Report
The research report blamed the increase of Bitcoin's carbon footprint on the China mining ban and claimed Chinese miners were more renewable energy focused.
Bitmain signs 500MW joint venture with sustainable BTC miner Merkle Standard
Sustainable Bitcoin mining gets a boost from the joint venture between mostly hydro-powered BTC miners Merkle Standard and infrastructure provider Bitmain.
Shanghai includes metaverse in its development plan
Shanghai’s five-year plan calls for the use of a metaverse in public services, businesses, entertainment and industrial manufacturing.
China Censors Crypto-Themed Short Videos Shared Online
An industry organization controlled by the Chinese government has updated a list of topics users of video-sharing apps should avoid. Crypto-related content is now among the entries along with traditional…