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Hong Kong Launches Personal e-CNY Wallets For Cross-Border Payments

17.5.2024
The e-CNY, also referred to as the digital yuan, is China's state-backed digital currency, and users can now open digital wallets and store it outside of mainland China in Hong Kong. The post Hong Kong Launches Personal e-CNY Wallets For Cross-Border Payments appeared first on Cryptonews

China Expands Digital Yuan Pilot: Hong Kong Residents Can Now Set up E-CNY Wallets Locally

17.5.2024
The Hong Kong Monetary Authority (HKMA) and the People’s Bank of China (PBOC) have advanced the digital yuan (e-CNY) pilot for payments, aiming to increase e-CNY wallet usage in Hong Kong. Residents can now set up and top up wallets via the Faster Payment System (FPS), marking the first global...

Hong Kong Expands Cross-Border Digital Yuan Trial, Allows Residents to Set Up E-CNY Wallets

17.5.2024
The pilot will also allow e-CNY wallets to pay retailers, but not person-to-person transfers

Hong Kong digital yuan pilot lacks P2P capabilities

17.5.2024
While Hong Kong residents can sign up for a digital yuan (e-CNY) wallet with a phone number, the CBDC is currently restricted to cross-border transactions and cannot be used for person-to-person transfers within Hong Kong

SWIFT China President Wen Yang on Overcoming Barriers in CBDC Systems

17.5.2024
SWIFT China President Wen Yang discusses the challenges and solutions for cross-border CBDC interoperability and initiatives to bridge the technological gaps between different CBDC systems. The post SWIFT China President Wen Yang on Overcoming Barriers in CBDC Systems appeared first on Cryptonews

Bybit’s Notcoin listing debacle, China firm’s profits up 1100% after crypto buy: Asia Express

17.5.2024
Bybit to compensate users after Notcoin listing debacle, China gaming firm’s profits up 1100% after $200M crypto buy, and more: Asia Express

Bitcoin moves toward range highs but derivatives traders watch from the sidelines

16.5.2024
Bitcoin price showed strength near its medium-term range high but multiple factors are preventing derivatives traders from opening new positions

Biden Order to Halt China-Tied Bitcoin Mine Beside Nuke Base Came as U.S. Firm Just Bought it

16.5.2024
President Biden's emergency order to halt the Chinese-tied mining on the doorstep of a nuclear-missile base hit days after mining giant CleanSpark struck a deal to buy the property

China Police Uncover $2B USDT Underground Banking Operation

16.5.2024
Chinese police have uncovered a $1.9 billion USDT underground banking operation going against Chinese crypto bans. The post China Police Uncover $2B USDT Underground Banking Operation appeared first on Cryptonews

Chinese police bust $1.9B USDT underground banking racket

16.5.2024
The authorities destroyed two underground operations in Fujian and Hunan, and the police also froze 149 million yuan worth $20 million linked to the USDT banking operations

Tether’s USDT Implicated in $2B Illegal Foreign Exchange Scheme in China – Regulation Coming?

15.5.2024
On May 15, a few people suspected in an underground banking operation were arrested by Chinese police in Sichuan province. They have been charged in facilitating illegal foreign currency transactions involving around $2 billion worth of Tether's USDT. The post Tether’s USDT Implicated in...

Biden orders removal of Chinese-owned crypto miner near missile base

14.5.2024
Entities owned by Chinese nationals “might take action that threatens to impair the national security of the United States,” said President Biden

US Blocks Chinese-Backed Crypto Mining Firm From Owning Land Near Wyoming Missile Base

14.5.2024
President Joe Biden has issued an order blocking MineOne, a majority Chinese-backed cryptocurrency mining firm from owning land near a strategic nuclear missile base in Wyoming due to security concerns. The post US Blocks Chinese-Backed Crypto Mining Firm From Owning Land Near Wyoming Missile Base...

Biden Orders Chinese-Backed Crypto Mining Firm to Divest Land Near US Missile Base

14.5.2024
President Joe Biden has issued an order that blocks Mineone Partners Ltd., a Chinese-backed cryptocurrency mining company, from owning land near Wyoming’s Francis E. Warren Air Force Base, which is a strategic missile base. This measure requires the divestment of land used for crypto mining...

U.S. Blocks China-Tied Crypto Miners as 'National Security Risk' Near Nuke Base

13.5.2024
President Joe Biden ordered a cryptocurrency mining facility near Warren Air Force Base in Wyoming to halt operations on Monday, calling it a threat to national security

Bitcoin price shows strength as investors anticipate return of money printing

13.5.2024
Bitcoin rallies as central bank stimulus packages become more common, and the Fed’s signal of “higher for longer” interest rates aligns with investors’ market view

Report Reveals Chinese Workers Converting Earned CBDC To Cash

13.5.2024
Workers in China are not very enthusiastic about the digital money issued by the nation's central bank (CBDC). According to a research published on May 13, several employees who receive their pay in digital yuan (e-CNY) quickly turned the asset into fiat money. The post Report Reveals Chinese...