China Has 700+ Blockchain Companies, According to Industry Study

The China Electronic Information Industry Development announced that Chinese blockchain enterprises exceed 700, with over 500 relevant investments reported. China Electronic Information Industry Development (CCID) announced on Oct. 27 that there are over 700 blockchain enterprises in China, with over 500 relevant investments reported. China sees aggressive blockchain development According to a collective study conducted […]

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Libra Might Become Unrecognizable by Navigating Regulatory Concerns

Libra considering the use of fiat-pegged stablecoins for its basket while navigating through a wave of negative criticisms from regulators. Amid the regulatory storm facing Libra, the project’s hierarchy is looking to change one important detail of the payment system: using fiat-pegged stablecoins rather than a token supported by a basket of national currencies. The Libra Association […]

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China: Forex Regulator Warns Against Illegal Crypto Cross-Border Flows

China’s foreign exchange regulator has warned that emerging markets need to muscle in on cryptocurrency-enabled illegal cross-border capital flows. China’s foreign exchange regulator has warned that emerging markets need to muscle in on cryptocurrency-enabled illegal cross-border capital flows. Sun Tianqi, the chief accountant of China’s State Administration of Foreign Exchange (SAFE), made the remarks at […]

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China Studying How Blockchain and AI Can Be Used in Forex

China is reportedly looking into the application of blockchain to cross-border financing, with particular attention devoted to risk management applications. China is looking into the application of blockchain and Artificial Intelligence (AI) to cross-border financing, Reuters reports on Oct. 27. Blockchain in risk management Lu Lei, the deputy head of the Chinese regulator State Administration […]

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