Salary payments in USDT stablecoin ruled as illegal in the Chinese court
Tether USDT stablecoin cannot be used for salary payments, a Chinese court ruled, citing the country’s blanket ban on all types of crypto transactions.
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Deribit and OKX attract significant traffic from China despite a blanket ban: Report
Recent geographical traffic data highlights that Chinese traders continue to access centralized exchanges despite a regulatory risk.
Residents of 3 Chinese cities paying taxes and charges with digital yuan
China has expanded its central bank digital currency pilot program to include the payment of tax, stamp duty and social security.
China-based regulatory and trade associations target NFTs in latest risk notice
“We solemnly call on consumers to [...] be vigilant and stay away from NFT-related illegal financial activities,” said the associations.
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.
Tencent files for patent related to virtual concerts in Metaverse
Chinese tech colossus Tencent has continued its foray into the metaverse after filing a patent for virtual concerts, flying in the face of warnings from Chinese banks and regulators.
Here’s how much digital yuan used at Olympics, according to PBoC
Foreign users tend to use hardware e-CNY wallets more at the Olympics, while domestic users mainly go for software wallets.
Crypto at the Olympics: NFT skis, Bitcoin bobsledders and CBDC controversy
Bitcoin and nonfungible tokens are all over the Olympics this year while China’s CBDC is there too amid a controversial rollout.
Chinese food delivery giant joins CBDC efforts
The cumulative transactions in e-CNY have reached 87.57 billion yuan ($13.68 billion) until now.
China’s central bank releases pilot version of digital yuan wallet
The "e-CNY (Pilot Version)" app was made available for download on the Chinese Android and Apple app stores on Tuesday.