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Standard Chartered China provides digital yuan exchange services

Multinational banking giant Standard Chartered has begun offering exchange services for the digital yuan, helping to integrate China’s CBDC into the global financial system. Standard Chartered, a major multinational bank, has recently entered the growing realm of digital currencies by providing exchange services for China’s central bank digital currency (CBDC), the

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IBM brings ‘utility-scale’ quantum computing to Japan as China and Europe struggle to compete

IBM announced the completed installation of a 127-qubit quantum computing system at the University of Tokyo on Nov. 27. According to the company, this marks the arrival of the first “utility-scale” quantum system in the region.[Article] The University of Tokyo Completes Installation of 127-Qubit IBM Quantum Eagle Processorhttps://t.co/TrFAnEQ3wq— UTokyo |

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No civil protection for crypto in China, $300K to list coins in Hong Kong? Asia Express – Cointelegraph Magazine

Our weekly roundup of news from East Asia curates the industry’s most important developments. Hot week for Hong Kong exchanges  Hashkey Exchange — one of the first regulated crypto exchanges in Hong Kong — has announced insurance coverage for clients

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China announces criminal penalties for theft of digital assets including NFTs

The Chinese government has officially declared that the theft of digital collections, including NFTs, will be legally treated as property theft, signifying a significant shift in the nation’s approach to digital asset regulation. On Nov. 10, the Chinese government issued a significant statement regarding the legal status of digital collections, including

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China declares stealing digital collections like NFTs liable for criminal theft sentence

The Chinese government released a statement on Nov. 10 declaring that anyone stealing digital collections, such as nonfungible tokens (NFTs), will be subject to theft sentences.It outlines three views on the type of crime that theft of digital collections falls under, the first two classifying it as either data or

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China AI chip market finds expansion paths despite US export restrictions

The Chinese artificial intelligence (AI) chip market has been subject to ongoing export restrictions which imposed by the United States from October 2022, which prohibited the sale of certain U.S. products to China. The U.S. initially blocked the export of the highest level of chips produced by companies like Nvidia and

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English school turned BTC miner in China expands capacity with 220 new units

China-based BTC Digital announced the purchase of 220 new Bitcoin (BTC) mining units on Nov. 3, bringing its total number of machines to 2,174, with over 230PH/s of computing power. The new acquisitions are expected to become operational by the end of the month.The deal was made with “two unaffiliated

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