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Chinese Authorities Crack Down on Gambling Sites Using Tether Stablecoin
23.10.2020
Chinese authorities have arrested 77 individuals and shuttered gambling sites using the dollar-pegged tether (USDT) cryptocurrency
China Should Accelerate Rollout of Digital Yuan, Says Central Bank Official
12.10.2020
Chen Yulu, deputy governor of the People's Bank of China, said at the weekend that the digital yuan project should be accelerated as an important part of the nation's financial infrastructure
Digital Yuan Giveaway: China’s Shenzhen City Hands Out 10 Million Yuan in Central Bank Digital Currency
10.10.2020
A major Chinese city is giving away 10 million yuan in the country’s central bank digital currency this weekend. Recipients can use their digital yuan at 3,389 stores next week. The city aims for the giveaway to boost usage of the new government-backed digital currency. Chinese City Giving...
China’s Digital Currency Has Been Used in 3 Million Transactions Worth Over a Billion Yuan So Far
8.10.2020
China’s central bank digital currency has been used in 3.13 million transactions worth about 1.1 billion yuan ($162 million) so far, the People’s Bank of China’s deputy governor has reportedly revealed. In addition, more than 122,000 digital wallets have been created....
JD.com's fintech wing partners with PBoC on digital currency projects
21.9.2020
China's e-commerce giant will reportedly help develop apps that support the forthcoming digital renminbi
China Sees Advantages in Being First on New Digital Currency ‘Battlefield’
21.9.2020
The nation would wield stronger influence in the world as a result of the digital yuan issuance, according to a magazine from the People’s Bank of China (PBoC)
Major Chinese Bank Launches Central Bank Digital Currency Wallet Briefly
29.8.2020
One of China’s biggest banks recently opened up registration for wallets using the country’s central bank-backed digital currency. There are four levels of the wallet, according to reports. However, the bank took the offer down a few hours later. China’s Digital Currency Wallet...
China Testing Digital Currency in Major Cities, Including Beijing and Hong Kong
17.8.2020
China’s Ministry of Commerce has announced the pilot run of the country’s central bank-backed digital currency in major cities, including Beijing, Hong Kong, and Macau. It will also be tested during the 2022 Winter Olympics games in Beijing, the ministry said. China Announces Testing...
China Never Banned Bitcoin as Commodity, Beijing Arbitration Commission Explains
2.8.2020
The Beijing Arbitration Commission has published an article clarifying that bitcoin’s use as a commodity has never been banned in China. It explains that the Chinese authorities’ attitude toward controlling bitcoin revolves around three areas. China Recognizes Bitcoin as Commodity...
China to Test Digital Yuan on Food Delivery Platform With 435 Million Users
15.7.2020
China’s central bank may test digital yuan on Meituan Dianping’s food delivery platform with 435 million users
China’s Giant Ride-Hailing Service Didi to Pilot the Central Bank’s Digital Yuan
9.7.2020
The Chinese government and the country’s central bank, the People’s Bank of China (PBoC), are currently in the midst of testing a digital yuan or central bank digital currency (CBDC). Now the Chinese ride-hailing corporation Didi Chuxing will be trialing the newly developed digital yuan...
China’s BSN Aims to Reclaim Financial Data From Tech Giants
12.5.2020
Research Fellow Martin Chorzempa argued that China’s blockchain strategy is entirely focused on domestic objectives during Consensus
Shanghai PBoC Warns Chinese Public Against Blockchain Investment Schemes
12.5.2020
A social media account for the People’s Bank of China is warning citizens against illegal fundraising schemes that involve virtual currencies and blockchain
CoinDesk 50: How the People’s Bank of China Became a CBDC Leader
11.5.2020
China's central bank, part of CoinDesk's new 50 list, is a pioneer of central digital currencies. Now the rest of the world is racing to catch up
Digital Yuan to Fuel China’s Economic Reign – McDonald’s, Starbucks, Subway Test PBoC’s Cryptocurrency
24.4.2020
China’s economy is the second-largest in the world and economists believe the country may someday bring a new global order and end the Western hemisphere’s financial rule. In 2020, various reports show that China’s central bank will soon release a cryptocurrency that represents...
Starbucks, McDonald’s Among 19 Firms to Test China’s Digital Yuan: Report
23.4.2020
The food and beverage giants are among the restaurants and retail shops reportedly on a local government list for testing of China's central bank digital currency
Just a Test: China Central Bank Confirms Digital Yuan Mobile App Trials
20.4.2020
China’s central bank confirmed it will be testing a mobile app for the digital yuan in four cities, with a fifth in the works, and emphasized it’s a test
Chinese Gov’t Sets Up a Committee for Blockchain and DLT Standards
14.4.2020
China is aiming to form national standards for blockchain and DLT with help from a new technical committee
10 Countries Actively Regulating Cryptocurrency Despite Global Crisis
6.4.2020
Despite the coronavirus pandemic and the resulting financial crisis, at least 10 countries have made announcements regarding cryptocurrency regulation since our last regulatory roundup. They include Japan, Malaysia, Singapore, China, Spain, Germany, India, the Philippines, the U.S., and South...
China Injects $4.7M into Central Bank’s Blockchain Trade Finance Platform
9.3.2020
Thirty-eight banks have started using the platform since it entered the test phase in September 2018