China’s Currency Woes to Weigh on Bitcoin: Crypto Observer
Measures taken by the People’s Bank of China to cushion yuan against the stock market slide could weigh over bitcoin’s price.
China
China’s Illegal Crypto Activities Are Taking Place in Laundromats and Cafes: WSJ
Physical trading is most popular in China’s inland, as places further from the coast are generally poorer so local governments are preoccupied with other matters, WSJ reported.
Bitcoin’s ‘De-Dollarization’ Narrative Loses Ground As USD Tightens Its Grip on International Transactions
The crypto market’s de-dollarization expectations look premature as the greenback remained the preferred currency in international transactions in 2023, veri show.
China Vows to Clarify Web3, NFT Development Path
Moving forward, China’s Web3 strategy would encourage the development of new business models such as NFT and accelerate the innovative application of Web3, the Ministry of Science and Technology said.
China to Verify Citizens’ Identities With New Blockchain-Based Platform
The announcement follows a government rule change to require social media influencers to display their real names.