Beware of fake digital yuan apps! China warns against scams imitating official platforms, tricking users with promises of rewards.

When the dividends for Chinese developers flow through the narrow gate of Web3, the rise of universal applications is about to usher in spring.

China's tech consortium, led by MIIT, strives for metaverse standardization with industry leaders. Provinces invest ambitiously, reflecting national commitment. Meta's strategic shift towards AI signals evolving priorities.

Multichain, a Chinese cross-chain bridge project, was involved in criminal offenses. The CEO and others were taken away by the Chinese police for investigation, and the tokens plummeted overnight. Is cross-chain technology designed to solve value interoperability between different blockchains really impossible to start a business in China?

Despite China's crypto crackdown, a 2023 Kyros Ventures report shows 33.3% of Chinese investors favor stablecoins, ranking second after Vietnam at 58.6%, indicating a high risk appetite. 70% state cryptocurrencies make up over half of their portfolios.

Chinese Bitcoin miners flock to Ethiopia for low electricity costs amid global shifts. Despite a ban on trading, Ethiopia welcomes mining, balancing economic potential with societal concerns.

Chinese residents invest in cryptocurrencies like Bitcoin, defying the government ban. Hong Kong's crypto market is key, raising speculation on a regulatory shift. Authorities balance control and growing demand in the evolving crypto landscape.

Amidst China's economic downturn, an increasing number of investors are turning to cryptocurrencies, especially Bitcoin. Despite the crypto ban since 2017, Chinese investors are seeking opportunities through Hong Kong exchanges and other channels, showcasing a growing interest in digital assets. This trend reflects the resilience and adaptability of investors in navigating complex market conditions.

Amidst market turmoil, CSRC's suspension of restricted shares lending reflects ongoing efforts to maintain market stability. While China faces challenges in its stock market and declining foreign investor confidence, the country remains committed to advancing its central bank digital currency initiatives.

If mainlanders go to Hong Kong to conduct exchange business between USDT and Hong Kong dollars or US dollars, will it constitute an illegal crime within the country, especially the "illegal foreign exchange purchase and sale" included in the crime of illegal business operations?