Animoca said it has been focused on ‘more progressive jurisdictions’, as its token for The Sandbox was named by the SEC in lawsuits against Binance and Coinbase.

Hong Kong’s new licensing requirements for crypto exchanges come with greater burdens for exchange operators, but many still want a foothold in the city.

Binance’s Zhao Changpeng, Huobi’s Justin Sun, and Animoca’s Yat Siu all touted the promising signs of Beijing’ ‘Internet 3.0’ white paper.

Most popular crypto token accepted by these suppliers is bitcoin, followed by the stablecoin Tether (USDT), according to Elliptic report

Zhang Yiming’s Cool River Venture, incorporated on Monday, will invest mostly in technology-related industries, according to sources.

Hong Kong’s new regulatory framework comes amid the city’s drive to become a global Web3 hub, despite other governments’ growing apprehension for virtual assets.

Chinese air-conditioner giant Gree Electric is reportedly disbanding its smartphone unit after seven years, despite claiming last year that its handsets were as good as iPhones.

Google ended most limitations on the use of its generative AI bot Bard on Wednesday, but Hong Kong did not make the cut of supported territories.

HKMA Chief Executive Eddie Yue said crypto ‘regulations will be tight’ and those who do not like it are ‘welcome to go elsewhere’ in comments weeks ahead of new rules.

ByteDance-owned Douyin said creators on the platform must be held responsible for the consequences of posting content made via generative AI.

The local arm of the Cyberspace Administration of China (CAC) in Hubei province is sending a working group to Douyu to address ‘serious’ problems.

China representative says chip industry subsidies allow US to ‘interfere with the allocation of market resources’ and show ‘double standards’.

A Chinese data exchange has completed the country’s first transaction involving personal data, opening the way for jobseekers to share in profits from the sale of data based on their resumes.

The China Semiconductor Industry Association has called on Tokyo not to ‘abuse export control measures’ that would damage bilateral cooperation.

The Beijing-based company has released its first annual report since it delisted from the New York Stock Exchange last year.

The correlation exists in virtual bank services, online brokerage services, virtual insurance, and virtual assets, but more women adopt digital payments.

In a case involving now-defunct crypto exchange Gatecoin, a court ruled that cryptocurrencies are property that can form the subject of a trust.

Republican representative Tom Emmer accused the SEC chair of ‘pushing American firms into the hands’ of China’s Communist Party.

Blockchain use cases are ‘still in the throes of creation’ where many issues need to be resolved, says HKMA official.

Mainland Chinese officials have reiterated their aspirations for Hong Kong to become an innovation and technology hub, and for the first time publicly endorsed the city’s ambitions to become a Web3 hub.

Hong Kong has introduced various technology initiatives after President Xi Jinping said he envisages the city as China’s global innovation hub.

At Hong Kong’s Web3 Festival, Financial Secretary Paul Chan says financial system must be protected in Web3, while SFC official says DeFi platforms may require a licence.

Operators must ensure the propriety of the content produced by their generate AI services, according to new rules proposed by China’s internet regulator.

ByteDance has seen its new app Lemon8 surge in popularity, riding on the absence of Western competitors to establish another beachhead in international markets.

India-made iPhones surged in volume and value last year, as Apple moved to shift some production away from China in a bid to diversify its supply chain.

Cryptocurrency firms in Hong Kong are finding it even harder to open local accounts in the city after the closure of world’s two biggest crypto-friendly banks, Silvergate and Signature.

The start-up is working with, and looking to take on, more enterprise clients in Hong Kong including banks, restaurant chains and beauty products.