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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
Maduro Opens Crypto Casino in Venezuela
20.1.2020
Venezuela’s President Nicolas Maduro has authorized the opening of a casino at a luxury hotel in Caracas where bets must be placed in petros, the country’s national oil-backed digital currency. Several cryptocurrencies and fiat currencies can be exchanged into petros to wager in...
Davos Needs to Wake Up to the Ills of Centralization
17.1.2020
The lens of decentralization reveals a number of elephants in the room that world leaders at the WEF are missing
China Issues Digital Currency Guide for Party Cadres
14.1.2020
Understanding a complex subject should be easier with access to educational materials. With blockchain and CBDC now part of Beijing’s political vocabulary, the Communist Party of China (CPC) has issued a guide to digital currencies meant to prepare party officials for upcoming changes in...
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