Bitcoin’s day of glory on Chinese TikTok, 30M crypto fans still in China, Justin Sun’s subpoena after dream rendezvous with Web3 socialite. Our weekly roundup of news from East Asia curates the industrys most important developments. Bitcoin’s day of glory on Chinese TikTok On Apr. 10, Douyin, the version of Tiktok exclusive to Chinese users,...Continue Reading

The handbook will be descriptive and informational, while the IMF offers advice tailored to specific, prioritized countries. With interest in central bank digital currencies (CBDCs) at an “unprecedented” level, the International Monetary Fund (IMF) is experiencing heavy demand for guidance in regard to them. In response, the IMF planned to release a CBDC handbook, deputy...Continue Reading

Sam Bankman-Fried was arrested just before his committee appearance was scheduled. Leadership in the United States House of Representatives Financial Services Committee was not satisfied with Securities and Exchange Commission head Gary Gensler’s response to their request for documents. They have reached out to the SEC chairman again in a sharply worded letter.  Committee chair...Continue Reading

The bill aimed to have only state authorities impose regulations and taxes on individuals and businesses running blockchain nodes, as opposed to those at the city and county level. Katie Hobbs, the governor of the state of Arizona, has vetoed legislation that would have largely stopped local authorities from imposing taxes on individuals and businesses...Continue Reading