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Chinese Central Bank to Expand Digital Yuan Pilot in Hong Kong


The central People’s Bank of China says it plans to expand its “cross-border” digital yuan pilot in Hong Kong. Per a Weibo post from the media outlet Caixin, and a report from The Paper, the Deputy Governor of the PBoC Xuan Changneng said the bank wants to “deepen the cross-border e-CNY pilot”...

Underground Chinese Crypto Market Thriving + More Crypto News


Get your daily, bite-sized digest of crypto and blockchain-related news – investigating the stories flying under the radar of today’s news. In today’s edition: Underground Crypto Market in China is Thriving Aptos’ On-Chain Data Capabilities Expand with Integration of Dune, Nansen, and More...

China Proposes Digital Yuan’s Accelerated Adoption in Beijing and Shanghai


China authorities have proposed new policies to accelerate the adoption of digital yuan in designated districts in Beijing and Shanghai. According to Xinhua, China State Council’s General Office has announced a comprehensive reform initiative for Shanghai’s Pudong New Area, scheduled to...

Shanghai Court Issues Verdict in First Digital Yuan Money Laundering Case


A Shanghai court has issued a verdict for the first instance of money laundering using Chinese digital yuan and cryptocurrency, marking a significant legal precedent of crypto-related crimes in China. According to Shanghai Securities News, the Yangpu District People’s Court of Shanghai...

Chinese ‘Criminals Used Digital Yuan to Launder Money’ – Prosecutors


Source: dule964Adobe Chinese law enforcers say they have shut down a gang that was using digital yuan wallets to launder money. Per the media outlet The Paper, the gang was allegedly active in the Yuecheng District, in the municipality of Shaoxing, Zhejiang Province. The Shaoxing Public Security...

Number of Chinese CBDC-related Criminal Cases on the Rise


Source: blackday/Adobe China’s rapid CBDC progress is causing a rise in digital yuan-related criminal cases, including suspected fraud, identity theft, and phishing. Per the Shenzhen Securities Times, a Shanghai court this week convicted a group of criminals that exploited CBDC functions on an...

Gold Rush Continues – Central Banks Purchased 44 Tonnes in November


Krishan Gopaul, senior analyst of the World Gold Council, revealed that central banks kept adding gold to their reserves during November. According to public records and reports from the International Monetary Fund (IMF), central banks added 44t of gold to their coffers, with the Central Bank...

China Looks to Ramp up ‘Cross-border’ Digital Yuan Spending


Source: Keitma/Adobe Chinese bank chiefs are looking to start 2024 by driving up “cross-border” digital yuan spending. Per the Haikou Municipal Commerce Bureau (via Hainan News), the tourism hub of Haikou has begun issuing over $706,000 worth of “offshore tax-free coupons” for digital yuan-paying...

Chinese Chess Champ Stripped Of Title After Taking A Dump In A Bathtub


When you accomplish something big, like winning a major tournament, how do you celebrate? Maybe you jump around in excitement, salty rivulets streaming down your face in a rush of emotions. Maybe you pop a bottle of champagne and spray it around like an NFL player after the Super Bowl. Or,...

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