May 23, 2023 By Sharan Kaur Phillora According to a theoretical research work published by the Supreme People’s Procuratorate of the People’s Republic of China, the NFT market requires proper regulations to ensure safe innovation and ultimate investors’ protection.  Here’s what we know:  The blog post “The Legal Attributes and Risk Governance of NFT under the […]

May 22, 2023 By Sharan Kaur Phillora Greenland Financial Technology Group, a wholly-owned subsidiary of China’s state property giant Greenland Holdings, is planning to apply for a license to open a crypto business in Hong Kong, the South China Morning Post reports, citing James Geng Jing, the head of the financial arm. Here’s what we

May 22, 2023 By Anjali Kochhar Hunan Province in China has taken a significant step in the adoption of central bank digital currency (CBDC) by introducing digital yuan loans specifically targeted at technology startups. This move reflects Beijing’s ongoing exploration of various financing options using CBDCs. The Changsha Evening News, through JDZ, reported that the

May 22, 2023 By Anjali Kochhar South Korean Prime Minister Han Deok-soo has called for the disclosure and registration of cryptocurrency assets by high-ranking public officials, according to a local news outlet. Prime Minister Han expressed his belief that including cryptocurrency in property registration is necessary and should be discussed and decided in the National

May 22, 2023 By Sharan Kaur Phillora The Hong Kong Monetary Authority (HKMA) unveiled its central bank digital currency (CBDC) pilot program for the e-HKD. Sixteen banks and payment firms will collaborate across a dozen use cases. Here’s what we know:  In September 2022, the central bank outlined its three-pronged approach to developing a CBDC, although

May 19, 2023 By Anjali Kochhar With the advent of digital transactions and financially engineered products, the modern-day banking and finance industry have witnessed the growth of financially engineered products like cryptocurrency, bitcoins, etc., globally. A cryptocurrency, not to be confused with virtual currency, is a digital currency and works as a medium of exchange

May 19, 2023 By Tsering Namgyal While India has been a bit behind the curve in NFT adoption, this is changing, an ongoing workshop* in New Delhi dedicated to the discussion of risks and opportunities of NFTs has heard. The NFT market in India is at where the US markets were two years ago and

May 19, 2023 By Sharan Kaur Phillora Conflux Network, the first regulatory-compliant public blockchain in China, and China Telecom, a global communications network, have unveiled the world’s first blockchain SIM (BSIM) card. The launch happened at the Xuhui District West Bank Artificial Intelligence Center. This remarks the first ever on-chain interaction between the collaborators.  Here’s what

May 18, 2023 By Anjali Kochhar After the successful revolution that the world-renowned AI model ChatGPT has brought into the global market, founder Sam Altman is now all set to disrupt the cryptocurrency market. According to a report from The Financial Times (FT), Altman is on the verge of securing a substantial $100 million in funding

May 18, 2023 By Murtuza Merchant Sui: The Emerging Contender in the NFT Space Sui has captured the attention of investors who believe it could rival Solana, thanks to its fast transactions and low fees. However, whether Sui can truly become a leading blockchain for NFTs remains uncertain. Previous blockchains such as Aptos and Near