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Cryptocurrency as an Investment Tool in China


The newly-appointed Governor of PBoC seems to be taking a more crypto-friendly stance than his predecessor. Li, one of seven deputies to PBoC governor Yi Gang and former vice mayor of the Chinese municipality of Chongqing, is seemingly taking a stronger position for the central bank to recognize...

Bahamas, Cambodia, China Lead Global CBDC Race, UK Launches Taskforce


The Bahamas, Cambodia, and China are the three countries with the most mature central bank digital currency (CBDC) projects, as only 23% of the world’s retail projects have reached the implementation stage, and close to 70% of wholesale projects are in pilot program phase, according...

Bitcoin Hashrate Drops After China Coal Mine Explosion; Difficulty at ATH


A coal mine explosion in Xinjiang, an autonomous region of China, may have led to a Bitcoin (BTC) hashrate drop at a time when Bitcoin mining difficulty went for a new all-time high. Primitive Ventures co-founder Dovey Wan said that there was a coal mine explosion in northwest China's Xinjiang...

China’s PBOC Tests CBDC in Hainan; Biden Team Wary


The People’s Bank of China has initiated the highly-anticipated Central Bank Digital Currency (CBDC) pilot trials in the Hainan Province following tests in other regions of the country. The tests will last from April 12 to April 25, 2021. The government officials of Sansha City, along with staff...

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