# China’s central bank worried about stablecoins’ risk to financial systems

# China’s central bank worried about stablecoins’ risk to financial systems

“# China’s central bank worried about stablecoins’ risk to financial systems ” The Chinese central bank is “quite worried” about the global financial risks associated with digital currencies, particularly stablecoins, according to a senior official. Fan Yifei, a deputy governor of the People’s Bank of China (PBoC), expressed concerns over the reportedly serious threat stablecoins…

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#China fines tech giants in anti-monopoly cases

#China fines tech giants in anti-monopoly cases

“#China fines tech giants in anti-monopoly cases” Companies including internet giants Alibaba and Tencent were fined Wednesday by anti-monopoly regulators in a new move to tighten control over their fast-developing industries. In 22 cases, companies were fined 500,000 yuan ($75,000) each for actions including acquiring stakes in other companies that might improperly increase their market…

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#Twitter suspends professor over posts mocking China’s Xi Jinping

#Twitter suspends professor over posts mocking China’s Xi Jinping

“#Twitter suspends professor over posts mocking China’s Xi Jinping” ​Twitter temporarily suspended a New Zealand professor after she mocked the 100th anniversary of the Chinese Communist Party and President Xi Jingping. Anne-Marie Brady, a professor at the University of Canterbury, wrote two tweets making fun of China and Xi celebrating the centennial of the Communist…

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#Chinese social media giant WeChat shuts LGBT accounts

#Chinese social media giant WeChat shuts LGBT accounts

“#Chinese social media giant WeChat shuts LGBT accounts” BANGKOK, Thailand — China’s most popular social media service has deleted accounts on LGBT topics run by university students and nongovernment groups, prompting concern the ruling Communist Party is tightening control over gay and lesbian content. WeChat sent account holders a notice they violated rules but gave…

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#Chinese researchers propose deflecting asteroids with rockets

#Chinese researchers propose deflecting asteroids with rockets

“#Chinese researchers propose deflecting asteroids with rockets” BEIJING — Chinese researchers want to send more than 20 of China’s largest rockets to practice turning away a sizable asteroid — a technique that may eventually be crucial if a killer rock is on a collision course with Earth. The idea is more than science fiction. Sometime between late 2021 and early…

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# From mining to software: China’s regulatory crackdown on crypto continues

# From mining to software: China’s regulatory crackdown on crypto continues

“# From mining to software: China’s regulatory crackdown on crypto continues ” Financial regulators in China have shut down a Beijing-based software company they suspect of providing services to crypto traders. In a Tuesday joint statement, the Beijing Financial Supervision and Administration Bureau and the Business Administration Department of the People’s Bank of China issued…

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