Crypto founders optimistic about Beijing paper promoting Web3 despite no mention of cryptocurrency

Crypto founders, including Binance chief executive Zhao Changpeng, are talking up the Chinese government's support for Web3, tying a recent Beijing white paper to Hong Kong's efforts to become a crypto hub, as they face increasing regulatory scrutiny in other parts of the world. Zhao, Huobi adviser Justin Sun, and Animoca Brands co-founder and chairman Yat Siu all praised the report, titled "Beijing Internet 3.0: Innovation and Development White Paper", suggesting the moves in Beijing and Hong K

• 2023-05-30
• Web3 Beijing Hong Kong white paper Yat Siu Justin Sun China CZ

Blur NFT wash trading soars, fueling market distortions

Top blockchain and crypto news: Blur wash trading explodes. Coinbase extends developer foray with Base test. Hong Kong crypto embrace gets Beijing’s nod.

• 2023-03-01
• Hong Kong Hong Kong NFT Beijing Coinbase trading volume

Hong Kong’s Crypto Hub Ambitions Win Quiet Backing From Beijing

(Bloomberg) -- In October, Hong Kong rolled out the red carpet for crypto businesses to help revitalize the embattled financial hub. Signs are now emerging the push has under-the-radar backing from Beijing, providing impetus for mainland Chinese firms to return.Most Read from BloombergUS-China Meeting Only Worsens Tensions Over Balloon, RussiaBiden Meets Zelenskiy on Surprise Trip Nearly Year Into WarRussia and China Have a Stranglehold on the World’s Food SecurityStocks Muted, US Futures Fall a

• 2023-02-21
• Hong Kong Bloomberg Beijing digital assets China China

Beijing regulator warns about NFT speculation, cites illegal fundraising risk

Beijing’s market regulator warned that projects marketed in the country as non-fungible tokens or with metaverse-related concepts risk being involved in illegal fundraising or fraudulent activities.

• 2023-02-08
• NFTs Beijing illegal fundraising high risk China