Crypto
Binance’s Biggest Market is China Despite Crypto Ban: Report
China accounts for 20% of Binance's worldwide trading volumes even though crypto trading is banned in the country since 2021.
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China
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China
Crypto
HashKey Acquires License to Offer Crypto Trading in Hong Kong
Hong Kong's first license to a cryptocurrency exchange under its new regulatory regime was awarded to HashKey.
Policy
Apple Removes AI Apps from Store in China as New Regulations Loom
Apple has removed more than 100 AI apps from its China App Store amid upcoming generative AI regulations.
FinTech
Chinese Visitors Can Now Pay With eCNY at Over 200 Hong Kong Shops
Bank of China (Hong Kong) Limited launched a digital yuan shopping festival on July 18 to expand CBDC payments and boost local consumption.
Crypto
Chinese Police Freeze $160M in Crypto Funds Using Court Order
Through a collaboration with a cryptocurrency issuer, Chinese police seized and confiscated $160 million in crypto tied to a gambling platform.
Crypto
China to Train 10,000 Engineers on Blockchain, AI, and Big Data
The municipal government of Beijing plans to train 10,000 blockchain and AI engineers.
Crypto
Retail Crypto Shops in Hong Kong Benefit from China’s Crypto Ban
Chinese investors are turning to Hong Kong's vibrant retail crypto shops to acquire cryptocurrencies amid the ban in the mainland.
Crypto
Stablecoins Better Suited for Yuan’s International Appeal, Not CBDCs: Circle CEO
Circle CEO believes a stablecoin pegged to a yuan could prove more effective in terms of internationalizing the country’s national currency.
Market Analysis
China Home to 15% of Asian Crypto Workforce: Report
China accounts for 15% of Asia's crypto workforce, despite its hostile approach toward the industry.
Best Stocks
Alibaba up 3.4% as China Completes Ant Group Probe with a $984M Fine
Alibaba shares spiked on Friday after Chinese regulators brought their crackdown on Ant Group to an end.
FinTech
DBS Launches Automated CDBC Settlement Platform for Merchants in China
Singapore's biggest bank DBS launched a solution that allows Chinese consumers to collect digital yuan payments.
Market Analysis
China Responds to US Chip Ban By Restricting Export of Critical Materials
Reacting to the US export controls on computer chips, China responds in kind.
Policy
How New AI Restrictions May Throw a Wrench in Nvidia’s Plans
In a new global AI race, the US is trying to keep a competitive edge through export controls.