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China’s Digital Yuan to Defend State Monopoly on Money – Central Bank


Central bank digital currencies (CBDCs) like the Chinese digital yuan project may well bring centralization of money to a whole new level, an article by a top Chinese central bank official reveals. In the article, written by People’s Bank of China (PBoC) deputy governor Fan Yifei for the bank’s...

Will a Digital Yuan Sound the Death Knell for China’s ATMs?


The rollout of China’s digital yuan could spend the end for the nation’s ATMs, per a new report – with digital finance marginalizing hole-in-the wall-based technology. Per media outlet Huo Long Guo Cai Jing, the ATM industry was at its peak in 2015, when some 252,000 machines were installed...

Bitcoin Hashrate Ramps to 130 Exahash Amid Next-Generation Miner Shortage


Regional reports from China have highlighted that a number of major Chinese ASIC mining rig manufacturers have sold out of their next-generation model stock. The shrinking supply of high-performance machines may be due to the shortage of 7nm and 8nm chips from TSMC and Samsung. Bitcoin miners...

Expert Warns Japan is Lagging ‘Six Years Behind China’ in CBDC Race


Japan could be as much as six years behind China in digital currency progress – and may also be lagging behind its largest East Asian rival in the tech stakes when it comes to blockchain, according to a Japanese expert. Per a column published by Japanese media outlet Record China, former...

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