Tag: China

With the rise of cryptocurrencies showing no signs of slowing down, the growth of central bank digital currencies (CBDC) appears to be another trend on the ascendancy. Will 2022 prove to be a red-letter year for CBDC adoption?

The China Banking and Insurance Regulatory Commission (CBIRC) has said banking and insurance firms should strengthen investment management of pension funds.

A hacker that goes by the name of ChinaDan claims they have obtained 23 terabytes of data on one billion Chinese nationals and billions of case records from Shanghai police.

The People’s Bank of China (PBOC) is set to expand a pilot of a digital yuan across a range of new locations following the success of the initial program.

The People Bank of China (PBOC) has said it is postponing the introduction of new rules that firm up cash withdrawal and deposit scrutiny due to technical reasons.

China-based Dowsure Technologies has raised $20m from a Series B financing round that was led by an undisclosed global strategic investor.

Fenbeitong, a China-based corporate spend startup, has collected $140m in its Series C+ funding round.

The Federal Communications Commission (FCC) has revoked China Unicom Americas’ licence due to ‘serious national security concerns’.

Cross-border payments firm Thunes has revealed plans to substantially speed-up its expansion in Greater China as it deepens its global operational footprint.

China State Administration of Foreign Exchange has reportedly fined Tenpay, which is owned by Tencent Holding, for foreign exchange rules violations.