Chinese Law to now protect Bitcoin Virtual Asset With Economic Value

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Chinese court declares Bitcoin has economic value

The Shanghai High People’s Court declared that Bitcoin has a “particular economic worth” and is a digital asset safeguarded by Chinese law, adding to the country’s volatile cryptocurrency scene. Accor...

Bitcoin as Virtual Asset in China: Protected by Chinese Law – Coinpedia – Fintech & Cryptocurreny News Media

China has recently banned financial institutions and payment companies from providing services to cryptocurrency transactions. Saying that financial institutions, including banks, and online payments ...

Chinese high court rules Bitcoin has economic value and is legally protected

China’s controversial cryptocurrency landscape has taken a new twist after the Shanghai High People’s Court ruled that Bitcoin has a ‘certain economic value’ and is a virtual asset protected by the co...

Shanghai High Court Declares Bitcoin Virtual Asset With Economic Value Protected by Chinese Law – Regulation Bitcoin News

The Shanghai High People’s Court has declared bitcoin to be a virtual asset protected by Chinese law. The court notes that the cryptocurrency has economic value. Bitcoin Is Property Protected by Law i...

Waymo, Cruise, Chinese Firms Expand Robotaxi Service Areas; It’s On

AutoX shows off the size of their robotaxi fleet in Shenzhen AutoX Waymo announced today they would, as promised, expand their service in the suburbs of Phoenix into the downtown area, accepting appli...

The Challenge Of Defining ‘Mutual Respect’

South Korea’s new President Yoon Suk-yeol shakes hands with former President Moon Jae-in upon his arrival to his inauguration ceremony at the National Assembly on May 10, 2022 in Seoul, South Ko...

USD/CNY forecast as the Chinese yuan meltdown continues

The Chinese yuan is going through its worst devaluation since 2018 as signs of economic slowdown emerge. The USD/CNY has risen in the past five straight weeks and is currently trading at the highest l...

Hong Kong’s ‘Patriots’ Select Former Security Chief As City’s Leader

John Lee, the former security chief who oversaw the government’s crackdown on pro-democracy protests in 2019, was elected unopposed as Hong Kong’s new leader on Sunday. Lee garnered 1,416 votes in his...

Chinese Tech Giants Quietly Retreat From Doing Business With Russia

HONG KONG—Chinese tech companies are quietly pulling back from doing business in Russia under pressure from U.S. sanctions and suppliers, despite calls by Beijing for companies to resist overseas coer...

Chinese EV Maker Nio Plans Another Secondary Listing in Singapore

Nio has confirmed its intention to carry out a third listing in Singapore, in addition to its US and Hong Kong listings. Chinese electric vehicle carmaker Nio (NYSE: NIO) announced on Friday that it i...

Chinese Ride-hailing Giant Didi Under Investigation by SEC for $4B US IPO

The SEC deciding to probe the Didi IPO is another regulatory problem for the company, added to cybersecurity investigations back in China. Didi (NYSE: DIDI) stated in its annual report that it is unde...

Is China In Decline?

TOPSHOT – A picture of Chinese President Xi Jinping is seen on a large screen during a Cultural … [+] Performance as part of the celebration of the 100th Anniversary of the Founding of the...

Chinese Citizens Get Virtual Yuan As Part Of The CBDC Tests

The Chinese government issued 10 million digital Yuan to Shenzhen residents in October 2020. The red packets might have been used in fewer than 5,000 retailers in that promotion, yet they were used in...

3 major Chinese cities Residents are now paying taxes and charges with digital yuan 

Residents in 3  China’s major cities have begun paying taxes, stamp duty, and social security contributions in digital yuan, the country’s central bank digital currency. China’s central bank has expan...

Residents of 3 Chinese cities paying taxes and charges with digital yuan

Residents in three major Chinese cities have begun paying tax, stamp duty and social security premiums using the country’s central bank digital currency (CBDC) — the digital yuan (e-CNY).  According t...

As A Part Of CBDC Testing Chinese Residents Receive Digital Yuan

Shenzhen residents are all set to receive digital Yuan worth $2.29 million as part of the Central Bank Digital Currency (CBDC) testing. The Chinese government will be giving these 15 million Yuan in C...

Is the Chinese Cryptocurrency H Coin a Scam?

Lisa Chen, a Chinese immigrant living in Australia, wired about $20,000 into an overseas bank to invest in what was known as Himalaya Coin or H Coin, which was a new brand of cryptocurrency designed t...

Chinese cities accept CBDC for tax payments 1

TL; DR Breakdown Cities in China accept CBDC for tax payments China set to test digital yuan at Asian Games Chinese cities airdrop digital yuan to residents The thought process behind creating Central...

Chinese tech firm’s 890 per cent debut on Nasdaq underlines appetite for IPOs amid China’s efforts to defuse audit, delisting tensions

Ostin Technology, a low-key technology company, made an electrifying debut as the first Chinese stock offering in the US since February, underlining strong appetite even as regulatory officials remain...

Chinese sports brand LI-NING to enter the NFT marketplace by featuring BAYC #4102

Recently, LI-NING’s official Weibo stated “Invited Bored Ape Yacht Club, a famous family from Web3.0, number#4102 BAYC, as the fashion store manager of the LI-NING pop-up store”. According to the info...

Bilibili Becomes Second Major Chinese Tech Firm To Allow NFT Trade Among Users 

Bilibili, a Chinese video streaming platform that is quite popular among Gen Z, has allowed the trade of NFTs between users. The platform entered into the NFT field in January, with NFTs that are them...

Tiktok Parent ByteDance Follows Meta’s Footsteps Down Risky Path Toward The Metaverse

A TikTok logo is seen displayed on a smartphone with a ByteDance logo on the background. Sheldon Cooper/SOPA Images/LightRocket via Getty Images What Meta, the parent company of Facebook, is trying to...

Chinese court rules marketplace guilty of minting NFTs from stolen artwork

A court in the Chinese city of Hangzhou issued a one-of-a-kind judgment against a nonfungible token (NFT) marketplace for allowing a user to create (or mint) NFTs of stolen artwork. As reported by Sou...

BAYC #4102 NFT Image to Feature on Chinese Sportswear Brand Li Ning Clothing

18 mins ago | 2 mins read Editors News CryptoSlam reports that collection sales had risen by 95.6 percent in the last 24 hours. NFT trading is still allowed in China, despite the country’s lack of cle...

Pinduoduo, Alibaba Lead Chinese ADR Decline Amid Lockdown Woes

(Bloomberg) — U.S.-listed Chinese stocks look set to open in the red on Monday as expanded Covid lockdown measures in major cities sparked concerns over the country’s economic growth outlook. Mo...

Chinese stocks and yuan fall as Beijing braces for Shanghai-like lockdown

Mainland Chinese indexes turned red and led the drop-off, as Asian markets fell sharply on Monday, April 25. The Shenzen Component Index fell 6.08% to 10,379.28, while the Shanghai Composite Index dec...

Stock Futures, Oil Prices and Chinese Shares Fall

U.S. stock futures fell, oil prices declined and Chinese stocks suffered their worst selloff in more than two years as Beijing sticks to its zero-Covid strategy while faced with increasing cases in ma...

Beijing closer to a deal on audits of Chinese companies listed on US exchanges

As Washington and Beijing clash on fronts ranging from defence and human rights to trade and diplomacy, they might be making headway in one area: accounting. Over the past several weeks, Beijing has s...

NBA China CEO Among Eight New Members To Join Elite Chinese American Group

Famed Chinese American architect I.M. Pei, who passed away at 102 in 2019, was a co-founder of the … [+] Committee of 100. (Photo by Michael N. Todaro/FilmMagic) FilmMagic The Committee of 100, ...

Private Chinese Online Retailer Stuns Apparel World With $100 Billion Valuation

LONDON, ENGLAND – MAY 23: Georgia Toffolo attends SHEIN Summer Pop Up Preview Evening on May 23, … [+] 2019 in London, England. (Photo by David M. Benett/Dave Benett/Getty Images for SHEIN...

China’s ‘Zero-Covid’ Crackdown Threatens Global Economy

Chinese President Xi Jinping attends the 16th G20 Leaders’ Summit via video link in Beijing, capital of China, Oct. 31, 2021. Yue Yuewei/Xinhua via Getty Images When Group of 20 officials meet t...