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Nalezeno "Yuan": 792

Holders of the Digital Yuan Will Not Be Paid Interest

8.11.2019
China has been sending mixed signals about its preparedness to issue a national crypto. Despite the new blockchain push, there is still no timeframe for the anticipated launch of the digital yuan and few details have been revealed so far. However, a senior official from China’s central bank...

Another Chinese Lender Bailed Out After Bank Run

3.11.2019
Yichuan Rural Commercial Bank, a lender operating in the central Henan province, has become the latest Chinese bank to be bailed out by the government this year. The small financial institution, which has around 30 branches only in the Yichuan county, experienced a bank run sparked by rumors that...

Facebook Warns that China May ‘Rewire the World’ with the Digital Yuan

18.10.2019
Facebook’s blockchain chief David Marcus has warned Washington that stopping the launch of Libra will open the door for China to steal a key advantage in the world of digital currencies. Marcus stated, per Bloomberg, “The future in five years, if we don’t have a good answer, is basically China...

Binance Launches P2P Trading in China With Support for Alipay and Wechat

11.10.2019
Cryptocurrency exchange Binance has launched peer-to-peer trading in China. The platform supports traders making transactions between themselves using the dominant Chinese payment apps Alipay and Wechat Pay. News of the matter forced Alipay to publicly claim it stops transactions if they...

Facebook ‘May Omit’ Yuan from Libra Reserve, Tether’s CNH-pegged Coin

10.9.2019
Facebook seems unlikely to include the Chinese yuan in the basket of fiat currencies that will underpin its forthcoming Libra token. The company outlined its stance in a written response to “concerns” voiced by American Senator Mark Warner, who believes China may “push” the Libra Association...

Bitcoin-Yuan Divergence Reached New Heights

6.9.2019
Bitcoin-yuan divergence reached new heights, once again fueling speculations that Chinese are possibly seeking safety in the world's largest decentralized cryptocurrency. Bitcoin and yuan have been going to different directions for a while now, and their inverse correlation has reached a record...

HSBC Used Voltron Blockchain in a Letter of Credit Transaction Using Yuan

3.9.2019
On Tuesday, HSBC used the technology of the Voltron blockchain platform and completed a transaction between Hong Kong’s MTC Electronics, sending LCD parts to its parent company in Shenzhen. It was a letter of credit transaction, done using Chinese renminbi (Yuan). Letters of credit or bankers...

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