The subject of Metaverse was discussed for the first time in China at the national level during the latest “Two Sessions”, an event that is held once every year in the country. The interests of the majority of the delegates at the event revolved around regulation to ensure data security and ...
China’s exit from the cryptocurrency mining space may not have abated the carbon footprint left behind by the industry, a new study has suggested. Rather, it has increased the emission since China - which used to have the largest concentration of crypto miners - banned related activities last ye...
The Metaverse is experiencing a rapid increase in awareness and development. While parts of the western world appear to be at the forefront in pursuing the Metaverse development, China, like in many other areas of technological advancements, is joining the trend. Metaverse development in C...
On February 22, the Zhejiang Government Service Center put out a statement to clear the air over the price hike of electricity bills for anyone found to be involved in cryptocurrency mining. The policy, since it was enacted, has left a lot of people confused. In some quarters, the conversati...
There is a keen interest in the Metaverse from Chinese tech investors. Developments around the innovation are moving at a fast pace with over a thousand Metaverse applications already submitted. Games, remote working environments, and other forms of virtual interactions have been the attractio...
The government of China has provided clarity over its regulatory allowances concerning the trading of NFTs. In what is perceived as conditional approval, China will permit only NFTs that run on the BSN Open Permissioned Blockchain (OPB). There will be a total of ten permissi...
There is a clear objective across some major cities in China towards the adoption of the Metaverse. Down to the grassroots, local governments are taking the initiative and launching into the emerging tech space mainly for economic development. These efforts are shooting China into the forefron...
An official Play-to-Earn game has been released by the organizers of the ongoing Winter Olympics in Beijing. This development has come as a surprise to many stakeholders, especially with the fact that in-game rewards of this game have also come in the form of NFTs. The new game, "Ol...
After about a year since China exited the Bitcoin mining scene, talk of its ban of related activities has resurfaced and become quite topical as the call for similar actions to be taken in different parts of the world rages on. From Europe, where the deputy chief of the European Securit...
A new electricity policy has been introduced for virtual currency miners in the Inner Mongolia region of China. The announcement was contained in a publication by the Department of Industry and Information Technology of the Development and Reform Commission of Inner Mongolia Autonomou...
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