China Opens Digital Yuan Whitelist for Ten Million Citizens
The Chinese government is taking its digital yuan test one step further. Now, 10 million users will be able to test and use the currency after applying to join...
Shanghai to Hand Out $3 Million in Digital Yuan Lottery
As part of government efforts to get the digital yuan going, authorities in Shanghai will distribute $3 million worth of the central bank-issued currency among residents of Shanghai. The...
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...
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...
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...
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...
China: Shenzhen Special Economic Zone to Use Blockchain for Electronic Tax Invoices
Tencent and the Shenzhen Municipal Taxation Bureau will launch...
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%...
