The latest delays came two weeks before the second deadline for many applicants.
Chainalysis: Hong Kong and China’s OTC Markets Remain Active Despite Crypto Winter
East Asia represents almost 8.8% of all transactions globally, a report from the research firm says.
Bitcoin gains legal recognition as digital currency in Shanghai China
A similar report from another Chinese court earlier in September recognized cryptocurrencies as virtual properties protected by law.
mBridge CBDC project preparing for new members, launch of minimum viable product
The project now includes central and commercial banks from China, Hong Kong, Thailand and the UAE. Future new members were not identified.
Digital yuan app adds prepaid Mastercard Visa top-ups for tourists
The e-CNY app now allows tourists to top-up their wallets using Mastercard and Visa payments with a “recharge first and use later” option.
China to build giant AI chip factory to bypass US sanctions: Report
Chinese scientists are reportedly considering constructing massive facilities to manufacture the technology necessary to create AI semiconductor chips locally.
China suffers worst capital flight in years, but could it pump Bitcoin?
China’s capital outflows reached $49 billion in August, its highest in nearly eight years. Analysts are debating whether it could be a boon for Bitcoin and crypto.
Hong Kong politician responds to Vitalik’s comments about crypto-friendliness
Johnny Ng of Hong Kong’s Legislative Council said he “sincerely invites” Vitalik Buterin to Hong Kong to better understand the situation regarding its crypto-friendliness.
Alibaba launches its ChatGPT-like AI model for public use amid loosening restrictions in China
The launch comes just weeks after Chinese authorities began accepting applications for public-facing AI systems.
How senators plan on regulating AI: Law Decoded, Sept. 4–11
Senators Richard Blumenthal and Josh Hawley’s framework emphasizes that technology companies cannot rely on liability protections to shield them from legal actions.
AI usage on social media has potential to impact voter sentiment
The U.S. presidential election is nearing and with it comes the employment of technologies like AI on social media platforms to manipulate voter sentiment.
Ant Group launches a new blockchain brand for Web3 developers
The new entity, ZAN, will help the mother company shake off its affiliations with Web3 and proceed to the IPO.
Tencent unveils ChatGPT rival in China amid continuing US AI chip ban
Despite heavy government regulations and ongoing struggles with hardware sourcing, Tencent’s large language model has been released for business use in China.
80 Chinese crypto influencer accounts shut down in latest crackdown
The accounts had over 8 million in combined followers before they were removed.
Baidu CEO Robin Li says more than 70 AI models already released in China
The CEO of Chinese tech-giant Baidu said that since China’s new AI regulations have been in place over 70 AI models have been released in China with over 1 billion parameters.
Grayscale victory, SEC delays decision on Bitcoin ETFs: Law Decoded
Grayscale victory doesn’t help Bitocoin spot ETF approval on first deadline as SEC postpones decison to next deadline.
Bank of China: Platforms must provide digital yuan retail payment option
In the short term, e-commerce platforms can integrate the CBDC through QR codes.
US regulators deny blocking AI chip exports to Middle East
The U.S. Department of Commerce denied blocking AI chip sales to the Middle East and remained silent about whether the requirements were only imposed on specific countries.
China court declares virtual assets as legal properties protected by law: Report
Despite a blanket ban on cryptocurrencies imposed by Beijing in 2021, many Chinese courts over the years have established that virtual asset holders have property rights.
US officials extend export curbs on Nvidia AI chip to ‘some Middle Eastern countries’
U.S. regulators have told AI chip maker Nvidia and its rival AMD to curb exports of high-level semiconductor chips used to develop AI to certain Middle Eastern countries.