Nvidia’s H20 AI Chip for China to Hit the Market in Q2 2024
Nvidia is preparing to launch its H20 AI chip for China in the second quarter of 2024 after facing setbacks. The H20 chip is one of the three China-focused chips Nvidia developed to comply with the U.S. AI chip ban regulations. Nvidia, the U.S. chipmaker company, is set to start mass production of its H20 […]
China to Intensify Crackdown on Use of Crypto for Illegal Forex Trading
China is advocating for stringent regulations against illicit foreign exchange trading employing USDT to step up the crackdown on cryptocurrency. According to a South China Morning Post report, China appears to be ready to crack down on cryptocurrencies. In a recent statement, the Supreme People’s Procuratorate (SPP) and State Administration of Foreign Exchange (SAFE) highlighted […]
China Cracks Down on Gaming Crypto Tokens with New Regulations
China’s GAPP has released a draft of new regulations for the online gaming industry, including a ban on converting game tokens into fiat or physical goods. The move reflects China’s strict stance on digital currencies in gaming. China’s General Administration of Press and Publication (GAPP) has unveiled a draft of new regulations for the online […]
Chinese Ministry to Implement Blockchain-based Identity Verification
The Chinese Ministry of Public Security intends to implement RealDID, a blockchain-based identity verification platform, to authenticate the actual names of its citizens and keep personal data and identity credentials safe. The Chinese government is collaborating with the Blockchain Service Network (BSN), a Chinese blockchain firm, to organize an event on December 12. A press […]
Taiwan Central Bank Concludes Wholesale CBDC Study
The Central Bank of Taiwan has concluded a feasibility study regarding introducing wholesale central bank digital currency (CBDC) and is further deliberating on the matter. The central bank will continue to work on platform design while soliciting input from academicians and business professionals, Deputy Governor Mei-lie Chu stated on December 7. Chu described Banking 4.0, […]