Tag: China

The policies include a series of cash benefits to attract metaverse-related companies to set up shop in the city. The capital of China’s Henan Province, Zhengzhou, on May 24, announced a series of policy proposals designed to provide support for metaverse companies operating in the region. As part of these initiatives, the municipal government intends to establish…

The platform aims to consolidate the resources of academic institutions and enterprises in China, and bolster research efforts in areas related to the metaverse. On May 22, Nanjing, the capital city of China’s eastern Jiangsu province, inaugurated the China Metaverse Technology and Application Innovation Platform to advance metaverse research and development across the country. The…

While many countries have sped up their efforts to regulate cryptocurrencies following a crisis-filled 2022, most still lack a clear framework for the industry to build around. As cryptocurrencies continue to become a bigger part of the global economy, more and more governments are exploring ways to regulate the industry and construct rules for firms…

The account services for crypto firms come at a time when United States-based companies are struggling to find local banking partners and are frequently looking abroad. ZA Bank, Hong Kong’s biggest virtual bank by assets, is reportedly set to provide crypto account services and facilitate crypto-to-fiat exchanges. According to an April 12 Bloomberg report, the bank…

From China to Canada, it’s clear that governments around the world are salivating at the prospect of introducing currencies they can manipulate hassle-free. Arguing over the prudence and implications of issuing a central bank digital currency (CBDC) in the United States has seemingly become one of Washington’s favorite icebreakers. As Congress considers the question, it is critical…

A top Russian official has reportedly claimed that the BRICS alliance is working on creating its own currency. A new world order could be emerging as economic powerhouses increase their efforts to distance themselves from US dollar hegemony. According to reports, a top Russian official has claimed that the BRICS alliance is working on creating…