The demand for hazardous assets, such as Bitcoin, has seen a considerable increase recently due to rising global hyperinflation and the fear of a worldwide banking catastrophe. In mainland China, the trading of cryptocurrencies has been illegal since 2017, and the ownership of digital assets such as Bitcoin was made illegal in 2021. Despite this, … Read more
Kaiko, a French company that provides statistics on the crypto market, will relocate its base from Singapore to Hong Kong to take advantage of the better opportunities available in the future center for Web3 enterprises. It was revealed in an interview with Ambre Soubiran, the Chief Executive Officer of Kaiko, that the company would be … Read more
The Moscow Credit Bank in Russia is responsible for the most recent noteworthy event: issuing a blockchain-based promissory note denominated in Chinese yuan. According to the current exchange rate, this service is the first of its kind to be offered anywhere in the country and comes with a bank guarantee of more than 100 million … Read more
Key Takeaways An investigation into possible instances of money laundering was initiated when a local bank noticed an uptick in deposits reaching more than 10 million yuan. The entire amount of money the Chinese government seized is equal to $18.6 million USD. The Chinese authorities have arrested 63 persons on suspicion of utilizing cryptocurrencies to … Read more
There were 105 websites that were taken down because they promoted the marketing of virtual currencies, published explainers on cross-border currency speculation, and pushed explainers on mining virtual currencies. Weibo and Baidu, two of the largest social media platforms in China, have each terminated 12,000 fraudulent accounts that promoted the purchase of virtual money. Users … Read more