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MARKETS DAILY: China Moving Closer to Digital Yuan Launch

13.1.2020
Markets Daily is back with the most important news impacting crypto markets today

US and European Regulators Say Crypto a Priority This Year

12.1.2020
Several regulators in the U.S. and Europe have made cryptocurrency among their top priorities this year. The Securities and Exchange Commission’s compliance office and the European Securities and Markets Authority, in collaboration with other regulators, have outlined their plans to focus...

China’s Central Bank: Here’s the Latest on the Digital Yuan

10.1.2020
China's central bank said several "top-level" processes in developing a digital yuan are "almost complete

People’s Bank of China ‘Progressing Smoothly’ With Digital Yuan

6.1.2020
The People’s Bank of China says it is making smooth progress with the development of its forthcoming digital currency

G7 Member Issues Warning of Digital Yuan ‘Dangers’

6.1.2020
Taro Aso. Source: a video screenshot, Youtube, Milken Institute Japan’s Finance Minister Taro Aso has warned bankers in the country of potential problems caused by China’s forthcoming digital yuan launch – hinting that a Beijing-issued digital fiat could cause a rift between Tokyo...

China Takes Another Step Away From USD Hegemony

1.1.2020
The China Foreign Exchange Trade System (CFETS) announced that effective January 1, 2020, the system “will adjust weights for CFETS RMB Index,” decreasing the weighting of the USD for the second time in the currency basket’s history from 22.40% to 21.59%, and increasing the Euro...

Katherine Wu on DeFi and the Inevitability of the Digital Yuan

30.12.2019
How DeFi found its footing in 2019 and what it means that 2020 will see the launch of a Chinese digital yuan

Central Bank of China Official Says Digital Yuan Will Be Different From Bitcoin

24.12.2019
An official at China’s central bank says that the digital form of the yuan will be different from Bitcoin and stablecoins

Unlike Libra, Digital Yuan Will Not Need Currency Reserves To Support Value: PBOC Official

23.12.2019
PBOC wants to distinguish its own digital currency from rival private initiatives

Chinese Central Bank: Digital Yuan Is Not for Speculation

23.12.2019
Source: iStock/ma-no The head of the People’s Bank of China (PBoC)’s digital currency research institute Mu Changchun has confirmed that a “digital form of the yuan” is on its way – but claimed that the digitized fiat would be “different from Bitcoin or stablecoins.” The PBoC chief also stated that...

PBOC Official: China’s Digital Yuan Won’t Be a Speculative Currency Like Bitcoin

23.12.2019
According to recent statements by People’s Bank of China (PBOC) official Mu Changchun, the country’s digital yuan is ready for trials. The central bank digital currency (CBDC) will decidedly not be a speculative asset like bitcoin or stablecoins, and will not need a currency basket...

Regulatory Roundup: Crypto ‘Inevitable’ in India, China Rankings, NY Streamlines Policy

16.12.2019
In this regulatory roundup, we cover a positive crypto story in India, China’s year-end rankings, and the European Central Bank entering the stablecoin race. We also cover the New York regulator’s proposed Bitlicense revision — the first in five years — and several other...

China’s Inflation Hits a Record 4.5% as Beijing Prepares to Test Digital Yuan

12.12.2019
China has been confronted with multiple economic and financial problems this year amidst an ongoing trade war with the United States. Authorities in Beijing have been trying to overcome the challenges with administrative measures in what has become a market economy over the years. Inflation of...

Chinese City Named as Digital Yuan Testbed Launches Blockchain ID

11.12.2019
As China gears up for a major blockchain drive, and the expected launch of its digital yuan next year, the city of Shenzhen and one of the country’s biggest banks – China Construction Bank (CCB) – appear to be playing vital roles. Per news agency Xinhua and media outlet the Global Times, local...

China’s Central Bank to Lead Real-World Pilot of Digital Yuan: Report

9.12.2019
Several Chinese banks and economic participants will reportedly pilot the digital yuan in two cities

China to Pilot Digital Yuan With Four Banks in Two Cities - Report

9.12.2019
Shenzhen. China’s central bank, the People’s Bank of China (PBoC) is preparing to test the digital yuan in Suzhou and Shenzhen, with a pilot launch now “imminent,” per a new report. Media outlet Caijing Magazine says it has learned details about the pilot project, which it says is being jointly...