China Begins Hong Kong ‘Cross-Border’ Digital Yuan Pilot
Shenzhen, China, has begun a retail-focused “cross-border” digital yuan pilot with Hong Kong.
China Telecom and Conflux Network To Pilot Blockchain Enabled SIM Card in Hong Kong
Today China Telecom and Conflux Network announce a partnership to bring Blockchain SIM cards (BSIM) to market. The entry-level Web3 product will be the largest blockchain hardware product ever seen globally, involving the most users and applications. China Telecom will launch the first BSIM pilot program in Hong Kong later this year. This will likely be followed by pilots in key mainland China locations such as Shanghai.
How Does Blockchain Compare to China and India?
The analysis from Research and Markets forecasts that by 2025, the worldwide blockchain industry will be worth USD 39.7 billion, expanding at a CAGR of 67.3% from 2020 to 2025.
China’s International Blockchain BSN Spartan Gets New Push in Middle East, Africa
Red Date Technology, the developer of China’s state-backed blockchain infrastructure Blockchain-based Service Network (BSN), has partnered Dubai-based fintech firm Singularity Innovations to offer blockchain infrastructure services in the Middle East and Africa.
Chinese Government Launching National Blockchain Innovation Center
The Chinese government is setting up a national blockchain innovation center in Beijing to focus on industrial applications and major use cases of blockchain technology, particularly those related to the Chinese economy.
China to Set up National Blockchain Technology Research Center in Beijing
According to a local media report, China’s Ministry of Science and Technology has given the go-ahead to set up the National Blockchain Technology Innovation Centre in Beijing to run blockchain research and development.
Beijing Regulator Warns About NFT Speculation, Illegal Fundraising. Crackdown Coming?
Beijing’s market regulator warned that projects marketed in the country as non-fungible tokens (NFTs) or with metaverse-related concepts risk being involved in illegal fundraising or fraudulent activities. China banned cryptocurrency transactions in 2021, but has yet to spell out hard and fast rules for NFTs. That hasn’t stopped the country’s consumers from buying and trading what are known as “digital collectibles” in China, and many platforms offer such services. (forkast)
Chinese Liquor Giant Moutai Unveils NFTs Linked to Liquor Bottles
Chinese liquor giant Kweichow Moutai, one the largest Chinese companies by market capitalization, announced on Saturday the launch of its non-fungible tokens (NFT) collection that provides owners with rights to purchase limited edition liquor in the real world.
Chinese Cities Gives Away $26.6M in Digital Yuan To Drive Adoption
Multiple Chinese cities have reportedly launched initiatives to give away digital yuan (e-CNY) worth over $26.6 million to drive consumption during the Spring Festival.
China Doles out Millions in Digital Yuan in Bid to Boost Adoption: Report
Millions of dollars worth of China’s Central Bank Digital Currency (CBDC) has been handed out across the country over the Lunar New Year period in a bid to boost its takeup. According to a Feb. 6 report in the Global Times, an English-language outlet of the state-ran People’s Daily newspaper, around 200 “activities” for the e-CNY were launched across the country during the holiday period. These "activities" were made to “promote consumption” — the first of such since the government recently relaxed COVID-19 restrictions. (Cointelegraph)
