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China Inches Closer to Its Digital Yuan With This Infographic
17.3.2020
The Shanghai branch of the central People’s Bank of China (PBoC) has published an infographic on its official WeChat account to educate the public about digital currencies – and warn them of the dangers of coronavirus-themed cryptocurrency scams.
A screenshot of People’s Bank of China’s infographic...
Cointelegraph Special Report: Coronavirus and Crypto in China
4.3.2020
Cointelegraph interviews professionals working in the cryptocurrency industry in China to asses the effects of coronavirus on the local crypto economy
A Sea Change to Crypto Hits America, Again
1.3.2020
A sea change is coming to cryptocurrency in America. It is likely to hit in two separate waves: a central bank digital currency (CBDC) and draconian regulation that shuts down free-market activities, including development. Also Read: No Backdoor on Human Rights: Why Encryption Cannot Be Compromised...
China's Digital Yuan Research Delayed Amid Coronavirus Epidemic
26.2.2020
The coronavirus outbreak has led to postponed work at various Chinese government institutions, including the organs responsible for researching and developing the digital yuan
China Tracks Victims of Coronavirus with WeChat and Alipay
18.2.2020
Chinese province tracks victims of coronavirus with WeChat and Alipay, does crypto solve this?
Regulatory Roundup: Trump’s Cryptocurrency Proposals, IRS Changes Rule, China Quarantines Cash
18.2.2020
In this roundup, we cover numerous cryptocurrency regulatory developments in the U.S., including President Trump’s crypto proposals, testimonies by the Federal Reserve chairman and the Treasury secretary, a crypto-friendly SEC proposal, and the IRS changing a crypto tax rule. We also cover...
Central Bank of China Pumps 300 Billion Yuan Into Financial System, Cuts Loan Rates
18.2.2020
The Chinese government has taken multiple steps so far to contain the economic fallout from the coronavirus epidemic, including interest rate cuts and financial injections worth billions of yuan. It did it again this week, extending the monetary easing provided by the central bank. With the budget...
China’s DCEP Unlikely to Impact Crypto Markets in the Long-term, eToro Analyst Says
17.2.2020
China is taking a great leap forward to develop a central bank digital currency, with more than 80 patents filed by the People’s Bank last week
84 PBOC Digital Currency Patents Show the Extent of China’s Digital Yuan
16.2.2020
The People’s Bank of China (PBOC) has reportedly filed 84 patents relating to its plans to launch a digital currency. The patents reveal the central bank’s plans which include integrating digital currency wallets into existing retail bank accounts. The potential for the Chinese central...
Fed Chair Powell Reveals US Response to China’s Digital Yuan, Libra, Public Payments Ledger
12.2.2020
In his testimony before the House Financial Services Committee, Federal Reserve Chairman Jerome Powell answered a number of questions regarding digital currencies. While stating that “a ledger where you know everybody’s payments” is not a problem in China, he believes it is...
Fearing ‘Currency Struggle,’ Japanese Politicians Want G7 Response to China’s Digital Yuan
7.2.2020
The group of lawmakers fears that the digital yuan could create economic disruption if it starts to replace the greenback in international markets
China Stocks Plummet Despite 1.2 Trillion Yuan Injection to Mitigate Effects of Epidemic
3.2.2020
China’s stock market plunged Monday under selling pressure accumulated during a prolonged holiday. Investors have been worried by the coronavirus outbreak that’s already taken the lives of more than 360 people. Beijing authorities have responded by pumping well over a trillion yuan into...
Prof. Michael Sung Talks About the Rise of the Digital Yuan
3.2.2020
The story of the digital Yuan is more complex than we knew and Professor Michael Sung explains why
Cambodia Announces Own Cryptocurrency as More Details Surface About China’s Digital Yuan
3.2.2020
With China still in the lead, other countries are advancing their projects to develop payment systems around central bank digital currencies (CBDCs). Cambodia, for example, has recently revealed it will mint its own coin within months. The news comes as more details about the digital Chinese yuan...
Qtum Chain Foundation Donates 200,000 Yuan for Coronavirus Victims
29.1.2020
Qtum Quantum Chain Foundation, the organization, constituted to protect the privacy and confidentiality of the user information have made a public announcement regarding its donation of a substantial amount of 200,000 yuan to the Hubei Charity Federation. The donation has been made to aid...
Deutsche Bank Report: Digital Yuan Could Upset Global Power Balance, Plastic Will Die, Cash Survive
29.1.2020
A new report from Deutsche Bank Research, Digital Currencies: the Ultimate Hard Power Tool, predicts that cash payments will remain for decades, but the emergence of digital payments “will lead to the death of the plastic card.” The report, which is the third installment in a series...
Ex-PBoC Governor Urges China to Join Global Conversation on Libra
28.1.2020
A former senior official with the People’s Bank of China (PBoC) believes the nation should join a global conversation about regulating stablecoins, with a particular focus on the Libra stablecoin
Davos, CBDCs, and the Rise of Bitcoin Art
24.1.2020
The word from Davos is blockchain not crypto, cashless futures, and CBDCs, while Brekkie von Bitcoin gives us his take on the emergent field of bitcoin art
Davos, CBDCs, and the Rise of Bitcoin Art
24.1.2020
The word from Davos is blockchain not crypto, cashless futures, and CBDCs, while Brekkie von Bitcoin gives us his take on the emergent field of bitcoin art
Davos, CBDCs, and the Rise of Bitcoin Art
24.1.2020
The word from Davos is blockchain not crypto, cashless futures, and CBDCs, while Brekkie von Bitcoin gives us his take on the emergent field of bitcoin art