Key Takeaways In a significant development, a People’s Court in China has issued a comprehensive report that dives deep into the legal aspects of virtual assets, reshaping the nation’s stance on cryptocurrencies. This development comes amidst China’s sweeping ban on…
Key Takeaways A former government official in China has been sentenced to life imprisonment for engaging in corrupt activities, including running a sizable Bitcoin mining operation, along with unrelated charges of corruption. Xiao Yi, a former member of the Jiangxi…
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The Fuzhou Mawei People's Procuratorate has found a man guilty of buying Tether USD for a friend for 94,988 ($13,067) Chinese Yuan.
The Financial Supervisory Commission (FSC) and Money Laundering Control Act have apparently received an application from Binance.
The payment solution is exclusively available to corporate clients of DBS Bank China, allowing them to collect e-CNY from their customers and conduct automated settlements of the digital currency into their CNY bank deposit accounts.
Tether, the stablecoin issuer, did partially back its stablecoin with Chinese stocks for a while, despite refusing to confirm it at the time.
Beijing has published a white paper to encourage innovation and grow the Web3 industry.
Beginning in May 2023, Changshu city officials will be paid their entire salary in digital yuan.
Reportedly, the tax authority had fined Bitmain about 25 million Chinese yuan ($3.7 million). As per local media reports, a notice regarding the tax violation was sent to Bitmain in August 2022
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