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China
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.
Chinese Authorities Arrest 93 for Crypto-Related Money Laundering
The suspects laundered as much as RMB 40 billion, according to Hengyang county police.
China to Extend CBDC Trial to Most Populous Province, Guangdong, Three Others: Report
The People's Bank of China plans to extend the trial of its e-CNY digital currency to Jiangsu, Hebei and Sichuan as well as Guangdong.
Tornado Cash Ban Will Aid China’s AI Goals
The U.S. government forcing blockchains to make transaction data public has dangerous geopolitical implications in the tech race against China.
JPMorgan: China’s Metaverse-Related Economy Could Reach $4T
The metaverse could triple China’s online-gaming market alone to $131 billion, the bank said.
