Search Results for: BEIJING

Beijing Authorities Warns Institutions Not to Get Involved with Crypto

Beijing’s local authorities in China have issued a new risk warning on cryptocurrency trading activities. The Beijing Local Financial Supervision Administration, the Business Management Department of the People’s Bank of China, the Beijing Banking and Insurance Regulatory Bureau and the Beijing Securities Regulatory released further measures to ask firms not to engage in crypto businesses.  … Continue reading Beijing Authorities Warns Institutions Not to Get Involved with Crypto

Huawei and Beijing Municipal Government Develop Blockchain-Based Data Directory System

Telecoms giant Huawei has joined hands with the Beijing Municipal Government to create a blockchain-powered directory system. It is aimed at addressing the headache of weak applications, scattered coordination, and data sharing in various departments, according to local media outlet Jintai News.  Optimizing the business environment The blockchain directory aims to optimize the organization of … Continue reading Huawei and Beijing Municipal Government Develop Blockchain-Based Data Directory System

China's Digital Yuan to be Made Available to Visitors During 2022 Beijing Winter Olympics

The People’s Bank of China (PBoC) has confirmed plans to make its Digital Currency Electronic Payment (DCEP) system available to foreign athletes and visitors at the Beijing Winter Olympics in 2022. Per to a CNN report, Li Bo, a deputy governor of the People’s Bank of China, affirmed this while speaking at China’s Boao Forum … Continue reading China's Digital Yuan to be Made Available to Visitors During 2022 Beijing Winter Olympics

$6.2 Million Worth of Digital Yuan is Officially Piloted in Beijing

The Chinese digital renminbi is officially piloted in the capital of China-Beijing. The Chinese government plans to issue a total of $6.2 million worth of digital currency to Beijing residents through a lottery, totaling 40 million RMB. According to the Beijing Local Financial Supervision and Administration Bureau, residents of the Chinese capital can apply for a … Continue reading $6.2 Million Worth of Digital Yuan is Officially Piloted in Beijing

WeChat Offers Digital Yuan Payments Ahead of Beijing Winter Games

WeChat has become compatible with payments using the digital yuan ahead of the Beijing Winter Olympics, owner Tencent Holdings said. The move by Tencent comes at a time when the Chinese government plans to test its digital yuan around Olympic venues next month when the Games begin. From the perspective of Tencent, whose business strategy … Continue reading WeChat Offers Digital Yuan Payments Ahead of Beijing Winter Games

Digital Yuan Transactions Overtakes Visa during Beijing Winter Olympics

At the opening ceremony of the 2022 Winter Olympics in Beijing, the number of transactions using the digital yuan greatly exceeded Visa, according to a Wall Street Journal reported on Wednesday. At the time of the Beijing Winter Olympics, the Olympic Village, athletes and tourists can use cash, Visa cards or digital yuan for transactions. Many … Continue reading Digital Yuan Transactions Overtakes Visa during Beijing Winter Olympics

Beijing Launches Two-Year Metaverse Development Plan

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Beijing Releases Web 3.0 Innovation and Development White Paper (2023) at Zhongguancun Forum

On May 27, 2023, the Beijing Municipal Science and Technology Commission and the Zhongguancun Science and Technology Park Management Committee unveiled the “Beijing Web 3.0 Innovation and Development White Paper (2023)” at the parallel forum of the Zhongguancun Forum titled “Web 3.0: Future Development of the Internet Industry.” The release of the White Paper aims … Continue reading Beijing Releases Web 3.0 Innovation and Development White Paper (2023) at Zhongguancun Forum

Beijing's Chaoyang District to Invest RMB 100 Million Annually to Foster Web 3.0 Ecosystem

In the Web 3.0: Future Internet Industry Development Forum held today at Zhongguancun, Yang Hongfu, the director of Zhongguancun Chaoyang Park Management Committee, announced a significant development plan. Starting this year, Beijing’s Chaoyang District will invest at least RMB 100 million annually into the development and growth of the Web 3.0 industry ecosystem. This investment … Continue reading Beijing's Chaoyang District to Invest RMB 100 Million Annually to Foster Web 3.0 Ecosystem

Yonghui, Hema among supermarkets singled out by China's food safety watchdog for breaches

  Photo by Fancycrave on Unsplash Market regulator highlights 11 cases where supermarkets and online platforms sold food products that did not meet national food safety standards Zen Soo   Celia Chen   China’s market regulator has highlighted 11 cases of supermarkets and online platforms selling food products that did not meet national food safety standards, some of which are … Continue reading Yonghui, Hema among supermarkets singled out by China's food safety watchdog for breaches

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