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Binance Accused by Chinese State Media of Operating Cryptocurrency Exchange in China

Binance Accused by Chinese State Media of Operating Cryptocurrency Exchange in China

Chinese state media has reported that Binance is still supporting local users trading cryptocurrency, despite China banning all exchanges in 2017.

Chinese Internet Giant Tencent on the Lookout for New Head of Digital Currency Group

Chinese Internet Giant Tencent on the Lookout for New Head of Digital Currency Group

Chinese internet giant Tencent, also the operator of messaging app WeChat has been reported that the company is looking to create a digital currency research group. Tencent released a statement to its employees, stating that the company is currently hiring a new head of the research group.

China’s CBDC Testing Expansions Exaggerated, Digital Currency Details Revealed

China’s CBDC Testing Expansions Exaggerated, Digital Currency Details Revealed

A source close to the matter said that China's CBDC pilot program "has not yet been expanded on a large scale," and the test is just "internal and closed.”

Tencent Uses Blockchain in Annual "99 Giving Day" Charity Campaign

Tencent Uses Blockchain in Annual "99 Giving Day" Charity Campaign

Chinese internet giant Tencent will use of blockchain technology in its annual internet charity campaign dubbed “99 Giving Day.”

TikTok and WeChat Get Banned From United States App Stores

TikTok and WeChat Get Banned From United States App Stores

From Sunday, TikTok and WeChat will no longer be available for download in United States App stores.

Binance Now Accepts Fiat Payments Through Alipay and WeChat

Binance Now Accepts Fiat Payments Through Alipay and WeChat

In light of advancing the company's market outreach, Binance CEO Changpeng Zhao confirmed on the 9th of October in a tweet that Binance now accepts Fiat payment through Alipay and WeChat.

Chinese Government Releases First-Ever Blockchain Application Blueprint, Continuing on its Major Tech Push

Chinese Government Releases First-Ever Blockchain Application Blueprint, Continuing on its Major Tech Push

The Chinese government has released its first-ever blockchain application blueprint regarding government services in the country. According to Beijing’s blueprint, 140 government services applications are already on blockchain and are divided into three categories, including data sharing and exchange, business collaborative processing, and electronic certificate and certificate storage.

China’s Central Bank’s DCEP is Trying to Make WeChat Pay and Alipay Redundant

China’s Central Bank’s DCEP is Trying to Make WeChat Pay and Alipay Redundant

Mu Changchun, the Director-General of the Institute of Digital Currency of China’s central bank, People’s Bank of China spoke at one of the panels at the Singapore Fintech Festival held at the Singapore Expo on Nov. 12 regarding the future of digital currencies.

Alipay Officially Bans All Bitcoin-Related Transactions

Alipay Officially Bans All Bitcoin-Related Transactions

Alipay, one of the most popular digital payment systems under China’s Alibaba group, officially stated that it would be banning all payment transactions related to Bitcoin and other cryptocurrencies.

China's Antitrust Agency Urged By the PBOC to Probe Alipay and WeChat Pay

China's Antitrust Agency Urged By the PBOC to Probe Alipay and WeChat Pay

In a move similar to the US antitrust hearing, the People’s Bank of China has prompted the nations top antitrust body to probe Alipay and WeChat

Alipay and WeChat Pay Could Be Casualties of China's Digital Yuan

Alipay and WeChat Pay Could Be Casualties of China's Digital Yuan

Still strategizing to curb the dominance of Alipay and WeChat Pay, the People’s Bank of China will be using its DCEP system to break the cashless payment duopoly.

China's Tencent Forms Alliance to Boost Blockchain Development in the Country

China's Tencent Forms Alliance to Boost Blockchain Development in the Country

China remains a pacesetter in the technological landscape. The Chinese government as well as Chinese companies are all in tandem with the fight to push for a whole new world of technological dominance. This developmental posture is also true of Tencent, one of China’s technologically focused firms that announced it has formed an industrial alliance that will help promote the development of blockchain technology. The alliance is set to recruit 100 members before the end of the year to create room for wider representation.

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