ChainCatcher news, the Financial Office of the Guangzhou Municipal Committee recently issued the "Action Plan for Further Promoting the Digital Renminbi Work in Guangzhou" (referred to as the "Digital Currency 2.0 Plan"). The "Action Plan" clarifies the main tasks of the pilot work from seven aspects.Further leverage the functional roles of the member units of the Guangzhou Digital Renminbi Work Leading Group. Each unit will formulate work plans for innovating and promoting digital renminbi application scenarios in their respective fields, implementing no less than one application scenario in their areas of responsibility.Explore promoting the use of digital renminbi as a payment method for prepaid services citywide.Vigorously create various digital renminbi application demonstration zones.Further enrich and improve application scenarios for digital renminbi in the transportation sector.Promote innovative digital renminbi application scenarios in the port and shipping sector.Actively advance the application of digital renminbi in cross-border payment and other businesses. Actively promote the participation of digital renminbi operating institutions and related enterprises in the pilot testing of the multilateral central bank digital currency bridge in the Guangzhou area. The Guangzhou Commodity Exchange's commodity trading platform and the Guangzhou Shipping Exchange's digital renminbi application will be implemented.Vigorously enhance the foundational strength of the digital renminbi industry.

ChainCatcher news, according to the Wen Wei Po report, the Guangzhou Internet Court announced that it will explore the establishment of a joint laboratory for data security and privacy protection between Guangdong and Hong Kong with universities.The joint laboratory for data security and privacy protection between Guangdong and Hong Kong is aimed at the strategic needs of cross-border circulation of data elements in the Greater Bay Area, constructing a system for data security and privacy protection technology and industrialization. This laboratory will conduct research in areas including big data security and computing blockchain artificial intelligence security, focusing on the circulation of data elements and cross-border data, promoting the deep integration of the industrial chain, innovation chain, and talent chain of data elements in the Greater Bay Area.

ChainCatcher news, according to China News Network, the People's Court of Tianhe District, Guangzhou, recently heard a contract dispute case arising from virtual currency mining. The court ruled in the first instance that the contract was invalid, dismissing all claims of the plaintiff and all counterclaims of the defendant. The defendant subsequently appealed, but due to failure to pay the second-instance case acceptance fee within the stipulated period, the case was processed as a withdrawal, and the first-instance judgment has now taken effect.The court reported that in May 2021, the plaintiff, a certain Tian company, signed a "Strategic Cooperation Framework Agreement" with the defendant, a certain Ma company, agreeing that the Ma company would provide Proof of Capacity (P disk) services for the Tian company. During the service process, the Tian company filed a lawsuit claiming that the Ma company had not completed the P disk service on time and in full, demanding a refund of the service fee and deposit totaling 295,000 yuan.After hearing the case, the court found that this case involved activities related to virtual currency. Relevant Chinese authorities have clearly pointed out that virtual currency does not have the same legal status as legal tender, and activities related to virtual currency are considered illegal financial activities. Moreover, the mining activities involved in this case consume a large amount of energy and produce significant carbon emissions, contributing little to the national economy, and are detrimental to the optimization of China's industrial structure and energy conservation and emission reduction, as well as to achieving the goals of carbon peak and carbon neutrality. Therefore, the mining contract signed by both parties is deemed invalid due to harming public interests and violating public order and good morals, and the related property rights arising therefrom should not be protected by law; the consequences of the aforementioned actions should be borne by the parties themselves. (source link)

ChainCatcher news, Guangzhou Nansha is the first in the country to promote "Metaverse" empowered smart new government affairs. The Metaverse Government Affairs Hall of the Government Service Center is now online, allowing citizens to wear VR glasses to enter the Metaverse Government Affairs Hall for an experience, and also to handle the first batch of online government affairs matters.According to staff from the Nansha Government Service Center, the Guangzhou Nansha Government Service Center has created a physical 1:1 model and engine rendering of the offline government affairs hall based on high-precision three-dimensional reconstruction technology using multi-sensor fusion. This has built a highly restored real-scene three-dimensional simulation environment, while also incorporating top-notch three-dimensional perception interaction technology and a wealth of digital content, aiming to create the first Metaverse government platform in the country that can achieve a full set of perception and interaction services.Currently, the first three matters that can be handled in the Metaverse Government Affairs Hall are: registration of special equipment usage (handled by unit/set), public place sanitation permit (new certificate, including modification and expansion), and handling of the "Construction Project Planning Permit" for self-built houses on state-owned land. In the next step, the Metaverse Government Affairs Hall will also launch features such as cloud window "one-on-one" real-time video customer service and "Hong Kong and Macau nearby services," creating a technological aesthetic digital human ambassador for government affairs through technologies like 3D modeling, intelligent perception, and adaptive rendering. (source link)

According to Chain Catcher news, the information disclosed by the Hubei Provincial Department of Economy and Information Technology shows that recently, the Ministry of Industry and Information Technology officially replied to the Hubei Provincial Department of Economy and Information Technology, supporting the city of Wuhan in creating a national blockchain development pilot zone. Currently, five cities including Suzhou, Guangzhou, Wuhan, Zhengzhou, and Kunming have been approved to build national blockchain development pilot zones. (Source link)