China


Finance

JD.Com Says It's Accepting China's Digital Yuan for Latest Lottery

Chinese e-commerce firm JD.Com says it has become the first online platform to accept the nation's central bank digital currency.

yuan, reminbi

Policy

Ringleaders of PlusToken Scam Jailed for Up to 11 Years

Fourteen operators of the giant PlusToken scam have been sentenced in China to up to 11 years in prison.

shutterstock_654932839

Markets

Chinese Authorities Have Seized a Massive $4B in Crypto From PlusToken Scam

Cryptocurrencies worth billions of dollars have been seized during the police crackdown on the PlusToken Ponzi scheme in China.

Chinese policeman

Policy

China's Xi Asks ASEAN Nations to Join in Building of 'Digital Silk Road'

Xi Jinping pushed for digitally enhanced trade among Southeast Asian nations in a keynote at the China-ASEAN Expo on Friday.

Chinese President Xi Jinping

Policy

China's State-Sanctioned Blockchain Project BSN Adds Polkadot, Oasis, Bityuan to Network

China’s state-sanctioned blockchain infrastructure provider BSN is adding cross-chain protocol Polkadot, decentralized cloud data startup Oasis and China-based project Bityuan to its network.

Great Wall of China

Policy

US Intelligence Chief Raises Concerns With SEC Over China's Crypto Dominance: Report

U.S. intelligence chief John Ratcliffe was reportedly seeking clearer regulation around digital currency.

John Ratcliffe, U.S. Director of National Intelligence

Markets

OKEx to Resume Withdrawals Before Nov. 27, Offers New Compensation Programs

OKEx will compensate those users who have been frustrated by its suspension of withdrawal service.

OKEx will launch new compensation and reward programs to keep those users who intend to leave the exchange after the withdrawal service resumes.

Tech

China to Hold Second Lottery Trial of the Digital Yuan

A lottery in Suzhou will additionally trial the offline feature of the digital yuan, per a Monday report.

yuan, china

Markets

China's Xi Asks G20 Countries to Be ‘Open and Accommodating’ to CBDCs

In a wide-ranging speech, Xi said the G20 “needs to discuss developing standards and principles for central bank digital currencies.”

Chinese President Xi Jinping

Policy

Goldman Sachs Expects Digital Yuan to Reach 1B Users Within 10 Years

Goldman Sachs predicts China’s digital yuan will attract 1 billion users within a decade, helping China’s commercial banks compete with fintech companies.

The yuan, China's national currency.