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China’s judicial blockchain platform has stored more than 2.6 billion pieces of evidence, a Supreme People’s Court spokesman said at a press conference on Thursday, according to a report by the local media Legal Daily.See related article: China has seen blockchain’s future and it doesn’t include cryptocurrencies Fast factsThe amount of
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The largest CBDC pilot in the world is going to
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But in order for Huobi to compete on a global scale, Sun said the exchange needs traction on its U.S. dollar-backed stablecoin, HUSD. Sun said one of his focus areas will be making USDD, the algorithmic stablecoin he created, one of the “settlement stablecoins” on Huobi. Source
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The monetary authorities of four jurisdictions in Asia have carried out tests with international settlements using state-issued digital currencies. Cross-border payments and foreign exchange transactions totaling over $22 million were made as part of the pilot project with the participation of the Bank for International Settlements. Asian Central Banks Pilot
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Russia is in the pilot phase of its central bank digital currency development (CBDC), and new reports indicate that the country could use its national digital currency to settle international trade.According to a report published in Reuters, Russia is reportedly planning to use the digital rouble for mutual settlements with
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The successful Ethereum upgrade to proof-of-stake consensus is receiving more backlashes from the market. Therefore, the Ethereum upgrade should produce only positive
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China accounts for 84% of all blockchain applications filed worldwide, according to the latest data shared by the country’s government official.China has steered clear of the cryptocurrency market. However, the Beijing government has been supportive of the underlying blockchain technology. The country has actively promoted the use of blockchain tech
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China’s Ministry of Industry and Information Technology (MIIT) claimed on Tuesday in a news conference that the country accounted for more than 84 percent of the world’s blockchain patent applications, despite the country’s ban on cryptocurrencies.See related article: Ant Group and Tencent obtain the most blockchain patents in China: reportFast
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Despite enforcing a major cryptocurrency ban one year ago, the Chinese government still protects local crypto investors as crypto is recognized as virtual property protected by the law.One of the world’s most hostile countries toward Bitcoin (BTC), China has not yet banned the possession of cryptocurrencies, according to David Lesperance,
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China’s legal market in “digital collectibles” is booming: Metaverse-focused information platform Gyroscope Finance estimates that as of June, 681 NFT trading platforms exist in China and that since March, 100 new platforms have been set up each month. But, all in all, “NFTs in China [are] not developed under the
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