Damus Mobile App Banned From China App Store
According to the Cyberspace Administration of China (CAC), the Damus app contains material that is illegal in China. Damus, a decentralized social network app, has been prohibited from running in mainland China due to suspicions that it contains content that is forbidden there. After being rejected several times, the mobile software, which is a decentralized […]
Former People’s Bank of China member urges China to reconsider crypto ban
Huang Yiping, a former central bank official said that the current crypto ban in China although beneficial might cause missed opportunities in the long run so he urges the nation to reconsider its stance on the crypto ban. As a former central bank official contacted the nation to evaluate its harsh crypto regulations, the concept […]
China plans return to crypto industry – Justin Sun
Tron founder Justin Sun through a series of tweets believes China is preparing a comeback to the crypto space with its new tax implementation on cryptocurrency transactions. On January 30, Justin Sun said in a series of tweets that China’s adoption of a tax on cryptocurrency transactions heralds a return to the cryptocurrency market. Despite […]
Over 1,400 Chinese companies active in blockchain industry
Despite partial crypto bans, the Chinese Government has included blockchain technology in official state development policy. A report titled “2022 Blockchain Whitepaper” was released by the government-owned China Academy for Information and Communications Technology (CAICT) on December 29. The document claims that there are presently more than 1,400 blockchain companies based in Mainland China. When […]
China’s CBDC wallet resorts to ages-old customs to boost adoption
China’s wallet app for its digital yuan central bank digital currency (CBDC) introduced a feature for users to send money. In an effort to draw in more users, China’s wallet app for its digital yuan central bank digital currency (CBDC) added a function that allows users to transmit money in an electronic equivalent of traditional […]