Crypto Evening Briefing: Hong Kong’s Losses to Crypto Scams Doubled to $217M Last Year
Losses from crypto scams in Hong Kong amounted to 1.7 billion Hong Kong dollars ($216.6 million) last year, surging 106% from a year before, according to the local police.
JD.com & Bank of China Join Mainland China-Hong Kong Digital Yuan Pilot
Major business players are joining the Hong Kong-Mainland China “cross-border” digital yuan pilot – including the e-commerce giant JD.com and the Bank of China.
Crypto Evening Briefing: Japanese Banks to Test Stablecoins on ‘Japan Open Chain’
Japan has taken a major step forward when it comes to stablecoins, with several notable banks testing stablecoin usage on Ethereum-compatible blockchains.
China’s Digital Yuan Initiative Gets Cold Reception From Hong Kong Visitors
Shenzhen city, China’s southeastern metropolis that connects the mainland to Hong Kong, has started to issue digital yuan hard wallets to Hong Kong tourists but demand has so far failed to meet expectations.
Chinese Tech Giants In Race To Launch ChatGPT Alternative
All the top Chinese tech giants are in a race to launch a ChatGPT alternative for Chinese internet users. The popularity of chatbots has attracted the attention of top tech giants around the world. Chinese tech firms Baidu, Alibaba, iFlytek and NetEase all have announced their version of AI Chatbots to compete with ChatGPT.
China Reportedly Approves Crypto Usage in Hong Kong, Details Inside
According to a report by Bloomberg published on 21 February, representatives from China’s Liaison Office, along with other officials, have attended Hong Kong’s crypto gatherings in the past few months. The meetings have been friendly, with officials checking on developments, asking for reports, and in some cases, making follow-up calls. The Liaison Office happens to be the top mainland body in the island city.
China’s Shenzhen City To Stamp Data Ownership on Blockchain
Data ownership registration should be preserved on chain for a minimum of 30 years, China’s Shenzhen government said in a draft proposal of its data property rights registration regime published on Monday.
Is Beijing Quietly Backing Hong Kong’s Crypto Ambitions?
Earlier on Monday, February 20, the news broke out that Hong Kong could allow retail players to trade big cryptocurrencies like Bitcoin and Ethereum ahead this year. A few hours later, crypto exchange Huobi announced that it is seeking a license to start a local exchange in Hong Kong. As Hong Kong makes the push to reestablish itself as the crypto hub in Asia, questions are arising about whether Beijing is quietly backing this move. Over the past few months, China’s Liaison Office representatives have been guests at Hong Kong’s crypto gatherings. (coingape)
Chinese Prosecutors Close Net on 40 Suspected Crypto Scammers
Up to 40 suspected crypto scammers are facing prosecution in China – with 10 already standing trial.
Crypto Evening Briefing: Do Kwon Tapped Hoard of 10,000 Bitcoin Via Swiss Bank; Judge Alludes to Possibility of SBF Bail Reversal
Shenzhen, China, has begun a retail-focused “cross-border” digital yuan pilot with Hong Kong. Japan will launch a pilot programme in April to test the use of digital yen.
