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China
China's CBDC Transactions Reach $14B as Uptake Slows: Report
Transaction volume in e-CNY has only increased by 14% in 2022 from the end of last year compared with the 154% growth recorded in the last six months of 2021.
Justin Sun 'Optimistic’ About Crypto’s Return to China, Addresses Huobi Acquisition
The Tron founder joined “First Mover” to discuss his role on Huobi’s advisory board and why he’s hopeful the crypto exchange will someday be allowed back into mainland China.
Why Justin Sun Is 'Highly Optimistic' on China's Crypto Scene
Crypto and blockchain tech is "a world trend," Tron founder Justin Sun says. "There's not any country in the world that can be isolated." He discusses why he's optimistic on the outlook of crypto in China, following the country's crackdown.
Justin Sun on Huobi Being Acquired by About Capital
Tron Founder Justin Sun discusses the significance of Hong Kong-based About Capital acquiring crypto exchange Huobi Global. Plus, insights into decentralized stablecoin USDD, "advantages" of central bank digital currencies (CBDCs), how Binance competes against its rivals and his "highly optimistic" outlook for China's crypto scene.
Landmark CBDC Test Backed by China, Thailand and Hong Kong Deemed Success, BIS Says
The Bank for International Settlements (BIS) said a project involving multiple Asian central bank digital currencies (CBDC) has been deemed a success, facilitating over $22 million in foreign-exchange transactions. Josh Lipsky, Senior Director at Atlantic Council GeoEconomics Center, discuses CBDC progress in China and around the globe.
Chinese Investors Could Snap Up Cryptocurrencies as Yuan Slides, Hedge Fund Says
The currency fell to a 14-year low against the U.S. dollar early Wednesday.
'Decentralization Under Centralization': How Chinese Universities Teach Blockchain
President Xi wants China to be the world’s leader in blockchain technology but has banned its most popular uses. Students and faculty wonder whether universities can successfully teach blockchain with Chinese characteristics, and if graduates can find jobs. This story is part of CoinDesk's Education Week
Landmark International CBDC Test Deemed Success, BIS Says
Over $22 million in foreign exchange was aided via the pilot involving China, Thailand and Hong Kong, the Bank for international Settlements said
China Arrests 93 for Crypto-Related Money Laundering; Bank of America Says Crypto Is Acting as Risk Asset
Interpol has issued a Red Notice for Terraform Labs co-founder Do Kwon, according to a report from Bloomberg. Authorities in China's Hunan province arrested 93 people for allegedly laundering up to RMB 40 billion ($5.6 billion) using crypto. Digital assets continue to act as risk assets, falling as global interest rates rise, Bank of America (BAC) said in a research report Friday.