Major Chinese VC Firm Launches Web3 Fund for Meta-Assets
GBA Capital, a Hong Kong VC firm, launched a $10 billion fund to invest in Web3 ...
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Tag: China
China Intensifies Crackdown on Crypto Use in Illegal Forex Trading
Chinese government continues to crack down on use of cryptocurrencies like Tether for illegal forex trading, ...
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China Drafts Regulations to Limit In-Game Tokens in Online Games
China has published draft guidelines proposing stricter regulation of the online gaming industry, including banning converting ...
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China is About to Rule Web3 and Here is Why
China has unveiled a new framework to advance web3 adoption and growth within the country, focusing ...
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Standard Chartered Launches Exchange for China’s Digital Yuan
Standard Chartered Bank will allow customers to exchange cash for China's central bank digital currency (CBDC), ...
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The Digital Yuan’s First Cross-Border Crude Oil Trade
The Shanghai Petroleum and Natural Gas Exchange (SHPGX) settled its first cross-border crude oil trade using ...
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U.S. Department of Justice Enforce Sanctions Against Several Chinese Crypto Wallets Linked to Illegal Drug Dealing
The U.S. Department of Treasury has imposed sanctions on Chinese chemical companies and individuals involved in ...
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Weibo Purges 80 Top Crypto Influencers Amid China Crackdown
Weibo has removed the social media accounts of 80 prominent crypto influencers. The China-based social media ...
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China Pushes Payment Apps to Adopt Digital Yuan Ahead of Major Financial Revolution
China's central bank official, Changchun Mu, urges local payment apps to align with the advancements in ...
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Chinese Court Report Clarifies Legal Status of Virtual Assets Despite Nationwide Ban
A recent report from a People's Court in China reveals that virtual assets like cryptocurrency are ...
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