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Digital assets and blockchain-based financial services have the potential to cause a major shift in the global financial world. However, Beijing is particularly concerned about crypto mining due to its high power demand. The leadership is announcing new measures against mining and threatening to raise prices. But Beijing can't quite let go of digital currencies – and continues to allow companies like Huobi to participate in the crypto boom.
By Frank Sieren
China's cyber and data security regulation is expanding rapidly. Numerous new regulations and stricter enforcement pose increasingly difficult challenges for European companies. Depending on the industry sector and type of data usage, they face a wide range of regulatory requirements.
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Chinese newspaper Global Times has already called Charlie Weimers and other MPs "radical troublemakers." The reason: They had called for closer relations with Taiwan. But Brussels could be much more active in this regard, the MEP says. In an interview with Amelie Richter, Weimers talks about possible new sanctions and his meeting with Taiwan's Foreign Minister Joseph Wu.
By Amelie Richter
The compass is now supposed to show the way: The EU is currently debating its guiding strategy on defense and security – the so-called strategic compass. In the future, there is to be more commitment in the area of cyber defense. Brussels also wants to expand its involvement in the Indo-Pacific. That will anger Beijing.
By Amelie Richter