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China Warns Citizens of Consequences for ‘Facilitating’ Crypto Trades


A Chinese ministry has warned citizens of the severe consequences of “facilitating” crypto transactions on behalf of other people. The nation has exacted two sweeping crackdowns on crypto, one in 2017, and the other in 2021. The first crackdown mainly targeted crypto exchanges, forcing most...

IMF Working on Platform to Support CBDC Cross-Border Interoperability


The International Monetary Fund (IMF) is working to develop a platform that would serve as an interoperability layer for central bank digital currencies (CBDCs), allowing for settlements among different countries. According to statements from IMF Managing Director Kristalina Georgieva, this would...

China Pilots Power- and Network-free CBDC Metro Payments


The Chinese city of Quingdao will pilot an electricity- and network-free digital yuan public transport payments solution, marking another national first for the central bank digital currency (CBDC). The news comes as another city in the pilot zone announced it will give away some $140,000 of CBDC...

China and Malaysia to Research AI for Blockchain Applications in Trade


Blockchain developers from Malaysia will be working with Chinese colleagues to utilize artificial intelligence (AI) in foreign trade. The collaboration, which is part of a China-led international research program, aims to speed up cross-border transactions. Malaysia and China to Conduct AI Research...

Chinese Banks Roll Out More Digital Yuan Wealth Management Options


Chinese banks will let their customers pay for more wealth management products using the digital yuan, as the nation’s central bank digital currency (CBDC) continues to branch out. Per the Chinese media outlet Financial Report Network (via Stockstar), the state-owned China Construction Bank (CCB)...

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