Chinese Citizens Can Now Apply for the Digital Yuan Wallet Through 6 State-Owned Banks
Following the interview with Ma Changchun, the head of the People’s Bank of China-run Digital Currency Research Institute, a recent report indicates that residents from Beijing and Shanghai can...
Digital Yuan Giveaway: China’s Shenzhen City Hands Out 10 Million Yuan in Central Bank...
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...
How Bitcoin Solves Global Central Bank Monetary Madness
The pressure is mounting on the major economies of the world. This can be clearly evidenced by observing central bank monetary policy over recent years in various countries. Bitcoin...
Three Issues To Know About China’s Digital Yuan (Not a Cryptocurrency)
China’s central financial institution is reportedly making strides in the direction of launching a digital forex (not a cryptocurrency) tied to the yuan. Listed here are three issues to...
How Bitcoin Demand is Pushed by Central Banks Devaluing Their Currencies
The demand for bitcoin has definitely been tangible over the previous few months. Even with a correction of round 30% the digital asset remains to be up over 160%...
A Chinese Government-Controlled Bitcoin Alternative Is Reportedly in the Works
In the midst of a sino-U.S. trade war, the People’s Bank of China is working to develop its own cryptocurrency prototype. It apparently believes this centralized digital asset can...
China: Shenzhen Special Economic Zone to Use Blockchain for Electronic Tax Invoices
Tencent and the Shenzhen Municipal Taxation Bureau will launch...
PBOC Deputy Governor Calls STOs ‘Illegal Financial Activity’
Local media has reported that the People’s Bank of China (PBOC) has banned security token offerings (STOs). Pan Gongsheng, a deputy governor of the PBOC, has mobilized the same...
