China’s Trademark Office Grants Approval for NFT and Virtual Asset Trademarks

In a significant move highlighting China’s recognition of the growing importance of virtual assets, the Chinese Trademark Office has recently approved several marks related to NFTs and metaverse goods and services. This development showcases the country’s commitment to embracing the…

Hong Kong Widens Testing of China’s Digital Yuan to Additional Banks

In the era of rapid digitalization, financial landscapes around the world are evolving at a pace never seen before. One of the most intriguing developments in recent times is China’s exploration of its digital currency, the Digital Yuan, commonly known…

Bank of China’s BOCI and UBS Tokenized Securities in Hong Kong

In a significant stride towards the digitalization of finance, BOCI has successfully issued CNH 200 million in fully digital structured notes. This marks the first instance of a Chinese financial institution issuing a tokenized security in Hong Kong. The product…

China Has A $3.9 Billion Bitcoin Stash Despite Hostile Crypto Stance

The Chinese government is a crypto whale, according to Ki Young Ju, co-founder of CryptoQuant, despite its hostile stance toward the sector. Young Ju claims that China has seized $6 billion worth of cryptocurrencies from the PlusToken scam in 2019,…

China Ranks Top 10 in the World’s Crypto Adoption

China, the second largest economy in the world, has returned to the top 10 countries in terms of crypto adoption according to The 2022 Geography of Cryptocurrency Report, a report done by Chainalysis.   The Red Dragon dropped to 13th place…

Japan Follows China’s Footsteps by Preparing for Digital Currency

Japan is getting ready to unveil its digital currency on both the public and private sectors. Japan’s moves follow in the footsteps of China and other jurisdictions that have made similar moves in the recent past. The Chinese have been…

17 Million tourists Verify Health through Blockchain as Chinese tourism bounces back

Mainland tourism in China is back thanks to Blockchain-based health records. This report is according to Blockchain consortium FISCO BCOS. Tourism has fallen flat thanks to COVID-19 globally, with great tourist destinations like France, China, Kenya and Tanzania seeing their…

Chinese Insurance Firms are use Blockchain Technology to Process Coronavirus Claims

Chinese local news outlet, the South China Morning Post reported on Sunday February 9 that Insurance firms in China are using the Blockchain to manage Coronavirus-related claims. The report said that Chinese online mutual aid platform Xiang Hu Bao added…

Top Chinese Newspaper Features a Bitcoin Headline

Crypto twitter erupted Monday after report a crypto headline on Monday’s edition of the official state run publication of the people’s republic of china, Xinhua. The paper reportedly featured an article tilted ‘Bitcoin; The First Successful Application of Blockchain technology’.…

Chinese Regulator: Libra must Abide to Regulations or get Banned

A Chinese senior regulator is of the opinion that Libra must be made to abide to international foreign exchange regulations or “it should be banned”. Sun Tiangi Chief accountant of China’s State Administration of foreign exchange (SAFE), made the comments…