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China’s Central Bank Publishes Digital Yuan Guide for Foreign Visitors


The People’s Bank of China publishes a digital yuan service guide for foreign visitors, detailing steps to download apps, open wallets, link accounts, and complete payments. The post China’s Central Bank Publishes Digital Yuan Guide for Foreign Visitors appeared first on Cryptonews

Impact of China’s economic policies on US Dollar and global liquidity


USD has always been considered the most reliable, safe, and stable currency of all time, and its role in global trade has made it the backbone of the global financial system. Besides, it has been the most widely used currency in foreign exchange transactions, international debt securities...

China’s Shandong Province Introduces Digital Yuan Loan for Entrepreneurs


Shandong Province offers entrepreneurs digital yuan loans, indicating China's push for digital economy amidst discussions on legal frameworks at the ongoing national legislative conference. The post China’s Shandong Province Introduces Digital Yuan Loan for Entrepreneurs appeared first...

BRICS to Develop Digital Currencies and Blockchain-Based Payment System


BRICS nations announce plans to collaborate to launch an independent blockchain-based payment system, introducing their own digital currencies to streamline cost-effective transactions. The post BRICS to Develop Digital Currencies and Blockchain-Based Payment System appeared first on Cryptonews

China State Media Issues Alert on Crypto Risks Amid Bitcoin Rally


China’s state-run media has once more cautioned investors against crypto investments as Bitcoin reached a two-year peak on Monday, near the $64,000 mark. The post China State Media Issues Alert on Crypto Risks Amid Bitcoin Rally appeared first on Cryptonews

Russia Hints at Development of CBDC-Based BRICS Bridge Payments System


Russia has proposed the development and implementation of a BRICS-wide payment system that would use central bank digital currencies (CBDCs) to manage trade settlements. The BRICS bridge, as referred to by Russian Finance Minister Anton Siluanov, would address the fragmentation of the current...

Chinese Authority Warns of Fake Digital Yuan App Scam


Chinese Ministry of Industry and Information Technology cautions against counterfeit digital yuan apps as scam tactics evolve, urging the public to verify through official channels. The post Chinese Authority Warns of Fake Digital Yuan App Scam appeared first on Cryptonews

China’s National Prosecutor Takes Action Against Blockchain Cybercrimes


China's highest prosecutorial authority is stepping up efforts to combat the growing wave of cybercrimes by targeting criminals who exploit blockchain and metaverse projects for illegal activities.  The post China’s National Prosecutor Takes Action Against Blockchain Cybercrimes appeared...

Digital Yuan Now Used to Complete Car Prepurchase Payments


The digital yuan, China’s central bank digital currency (CBDC), is being used as a security element in car prepurchase payment settlements. According to local media reports, a pilot test that allows customers to pay for their cars with digital yuan was established in early February...

Car Buyers in China Now Can Pre-Pay with Digital Yuan Smart Contracts


China’s Shenzhen has introduced a new era of automotive purchasing with digital yuan smart contracts, offering enhanced pre-payment security for car buyers in collaboration with Agricultural Bank of China. The post Car Buyers in China Now Can Pre-Pay with Digital Yuan Smart Contracts appeared first...

China to Revise AML Law to Address Risks Associated with Virtual Assets


China is set to revise its outdated Anti-Money-Laundering (AML) law in a bid to tackle the increasing risks associated with virtual assets. The draft amendment, discussed at a State Council meeting chaired by Chinese Premier Li Qiang, will soon undergo review by the national legislature, according...

Cheap Energy Cost Fuels Chinese Bitcoin Miners Migration to Ethiopia


Ethiopia has become a lucrative destination for Bitcoin miners with lower energy costs and friendly government policies driving the move. According to Bloomberg, Bitcoin miners from China and other countries are setting up shop in the East African country followed by energy deals with electricity...

Ethiopia Emerges As New Bitcoin Mining Hotspot – Will it Last?


Ethiopia is growing popular for Bitcoin mining after China ejected the industry from its borders in 2021. Following the ban, China’s biggest players scattered across the globe searching for new locations that would respect their energy-intensive business practices. That journey led many to arrive...

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