China is actively developing what it calls 'a second generation internet' based on blockchain technology. Unlike Western Web3, Chinese Web2 is developing under the supervision of State agencies.
We all use products that come from other parts of the world and it doesn’t surprise us much. Meanwhile, a lot of complicated processes are hiding behind it. Logistics nowadays is a huge and extremely sophisticated industry which uses the latest technologies and blockchain can be one of them.
China is actively developing what it calls 'a second generation internet' based on blockchain technology. Unlike Western Web3, Chinese Web2 is developing under the supervision of State agencies.
We all use products that come from other parts of the world and it doesn’t surprise us much. Meanwhile, a lot of complicated processes are hiding behind it. Logistics nowadays is a huge and extremely sophisticated industry which uses the latest technologies and blockchain can be one of them.
Malaysia's state and private sector organizations advance in blockchain technology projects by actively collaborating with their international counterparts.
China, the first major economy to launch a Central Bank Digital Currency (CBDC), is experiencing stagnation in its adoption plans. Hitting the wall of the well-developed domestic mobile payments, e-CNY undergoes criticism while the government explores ways to adapt it to people's needs.
Hong Kong’s recent proposals for a crypto-friendly licensing regime in the region have seen Chinese state banks offering their services to the city’s crypto companies, despite a blanket ban on the mainland.
A Chinese court has found that NFTs share the same characteristics of property, such as value, scarcity, disposability, and tradability. Hence NFTs should have the same protections as physical property under Chinese law.
China expands the e-CNY trials across four more provinces: Sichuan, Guangdong, Jiangsu, and Hebei. One of the first CBDCs in the world, China’s e-CNY is also showing great adoption rates.
