Central banks around the world have diverged in the design of CBDCs. As the investigation phase of the European Central Bank’s (ECB) digital euro project...
UnionPay said it has issued more than 200 million cards outside the Chinese mainland. The Shanghai-based card acceptance company announced the milestone Friday (Dec. 30),...
Consumers in China have shown little enthusiasm for their country’s central bank digital currency (CBDC). That’s according to a former official from the People’s Bank...
The luxury retail sector is expecting more Chinese tourists after three years of pandemic restrictions. China announced Monday (Dec. 26) that it will lift international...
Chinese police have reportedly broken up a money-laundering group that used cryptocurrency. The police arrested 63 people involved in the group that laundered 12 billion...
The U.S. hopes to boost domestic wireless equipment competition with gear made by China’s Huawei. The move comes amid a festering national security dispute between...
Federal authorities say Chinese hackers have stolen $20 million in COVID relief money since 2020. The U.S. Secret Service has identified the group behind the...
Aluminum China has launched an online B2B marketplace and supply chain platform for aluminum products. Dubbed “ALU connect,” the new offering is designed to connect global...