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Tag Archives: China

Drug Money Now Flowing Into Crypto, Chinese Anti-Drug Agency Says

Jun 27, 2022

Olusegun Ogundeji

Drug money has started flowing into the cryptocurrency market as trading in these illegal substances expands over the internet, a new Chinese government agency report has said. Attributed to the China Anti-Drug Network, the report says the new phenomenon took off in 2021 and has seen illic...

Chinese Court Declares Virtual Currency-Based Sales Agreement Invalid

Jun 19, 2022

A court of competent jurisdiction in Shanghai China has declared that an agreement between two parties over the sale/purchase of a vehicle is invalid. The reason for this declaration revolves around the legitimacy of the medium of transaction involved in the agreement, which is the use of virtua...

The Potential Impact of Increased Chinese CPI on Cryptocurrency

Jun 10, 2022

The Chinese government has released its latest inflation data, revealing the Consumer Price Index (CPI) statistics for May 2022. The CPI which is measured in relative terms reveals a year-on-year increase of 2.1 percent. This shows that compared to the past year, the relative prices pa...

Alibaba Integrates Cloud Service for NFT Solutions

Jun 9, 2022

China’s largest cloud service provider, Alibaba Cloud has announced the integration of NFT solutions on its platform. According to the company, customers can now build their NFT marketplaces by using solutions like web hosting, digital marketing, and content delivery, all of which are res...