Crypto Is Banned in China, but Binance Employees and Support Volunteers Tell People How To Bypass the Ban
Binance founder Changpeng “CZ” Zhao has touted the exchange’s know-your-customer systems, known as KYC, as a billion-dollar effort. Among other functions, they are supposed to stop customers that aren’t supposed to be on the platform, including residents of China.
Crypto Evening Briefing: More Than 80 Firms Express Interest in Establishing Presence in Hong Kong
As of end-February 2023, Invest Hong Kong has received expressions of interest from over 80 virtual asset-related Mainland and foreign companies in establishing their presence in Hong Kong.
Report: China Will Become a Metaverse Tech Leader During 2023
A report issued by Globaldata, a global consulting and data analysis company, predicts that China will become a leading country in metaverse tech during 2023. The firm believes that the development of other technologies like artificial intelligence (AI), virtual reality (VR), augmented reality (AR), and 6G will allow China to configure itself as a metaverse hub.
Crypto Morning Briefing: Coinbase Likely To Launch Global Crypto Trading Platform
Binance Converts Its BUSD in SAFU Funds to Other Stablecoins; China’s Fujian Province Has Processed $22bn Worth of Digital Yuan
China’s Fujian Province Has Processed $22bn Worth of Digital Yuan
Residents and firms based in China’s Fujian Province have reportedly processed almost $22 billion worth of digital yuan transactions to date – as the nation’s central bank digital currency (CBDC) continues to gather pace.
Crypto Evening Briefing: Houbi Cut Ties With Signature Bank and Silvergate Before Their Collapse
Huobi disclosed to Reuters that its customers’ funds remain unaffected by the recent banking crisis in the USA since it has previously transferred all its assets from Silvergate and Signature Bank to other monetary institutions.
China Regulator Says NFT-Related Complaints Skyrocketed in 2022
Amid the hype around non-fungible tokens (NFTs) in 2022, buyers in China flooded the nation’s main regulator with complaints about scams and price manipulation, with official complaints surging 30,000% to 59,700 from 198 in 2021. The report on NFTs comes a day before the World Consumer Rights Day in China.
Crypto Evening Briefing: OpenSea, ConsenSys Among Prized Crypto Startups With Shares Available at Big Discounts
Those startups include Alchemy, Blockchain.com, Chainalysis, Kraken, ConsenSys, Blockdaemon, CoinDCX and OpenSea.
Exploring the Chinese Crypto Token Narrative and Its Impact
The success of Chinese tokens will still depend on how well the teams behind these tokens can remain competitive and meet the needs of investors in China and elsewhere.
China’s Parliament Member To Propose NFT Regulation at ‘Two Sessions’
Non-fungible tokens (NFT) will soon come under the spotlight at China’s ongoing “Two Sessions” – the nation’s most important annual political gathering – with parliament member Feng Qiya set to propose a regulatory framework for NFTs.
