China Can’t Regulate Virtual Worlds – The Pros of Decentralized Metaverses

2021-10-7 08:07

China’s crackdown on cryptocurrencies has reached a new level of intensity in recent weeks. The People’s Bank of China (PBOC) has previously decided to prohibit financial institutions from dealing in virtual currencies, including Bitcoin and Ethereum.

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DeFi Rallies on China Ban as Chinese Turn to Decentralized Projects, Crypto Prices Recover to Pre-ban Levels

China declaring virtual currency-related business activities “illegal” could be a “significant DeFi adoption catalyst” as they turn to decentralized platforms to access crypto. The post DeFi Rallies on China Ban as Chinese Turn to Decentralized Projects, Crypto Prices Recover to Pre-ban Levels first appeared on BitcoinExchangeGuide.

2021-9-27 15:53


Ôîòî:

Why PayPal Co-Founder Peter Thiel Believes China Could Be Weaponizing Bitcoin Against The U.S.

It’s no secret that the major nemesis of the United States, China, has been experimenting with crypto technology as it looks to render its economy free of the U.S sanctions and the USD’s hegemony. Speaking at a virtual event for the Nixon Seminar, PayPal co-founder and early investor Peter Thiel noted the lengths to which […]

2021-4-9 16:40


Chinese e-Commerce Giant JD.com to Accept Digital Yuan in the 2nd Round of Public Trial

Chinese e-commerce giant JD. com said on Saturday that its fintech arm, JD Digits will accept digital yuan as payment for some products. JD. com is China’s first virtual platform to accept the central bank digital currency, as part of an experimental giveaway of digital yuan to the citizens of Suzhou, according to the company’s post on […] The post Chinese e-Commerce Giant JD.

2020-12-7 17:35


Ôîòî:

Central Bank Digital Currency Touted as Solution to US Economic Overhaul

Talk of a US central bank digital currency (CBDC) dominated proceedings, as the US Senate Committee on Banking, Housing, and Urban Affairs conducted a virtual meeting yesterday. The near two-hour-long hearing titled “The Digitization of Money and Payments” discussed competing with China’s CBDC offering, financial inclusion, and modernizing the current US economic model. Taking the […]

2020-7-1 15:13


Former PBoC Vice-Chair Says the Backend Infrastructure for China’s Digital Yuan is Complete

China's much anticipated Digital Yuan backend development is complete, according to Wang Zhongmin, the former Vice-Chair of the PBoC National Council for Social Security Fund. Wang made this announcement during the virtual 2020 FinTech Forum that was held by Beijing's Fintech 50 Forum in collaboration with Tencent FinTech Research Institute. The initiative, which began around […]

2020-6-23 21:47


Ôîòî:

Chinese Government Backtracks on Proposal to Ban Crypto Mining

China has reversed their stance on cryptocurrency mining within the country, leaving the door open for increased clarity and competition. The Chinese government had previously included “virtual currency mining” on the list of banned items in the Catalogue of Industrial Restructuring Guidelines that will be enforced from January 1, 2020.

2019-11-7 21:00


China: “Innovation in Blockchain Doesn’t Mean We Should Speculate in Virtual Currencies”

China’s state-owned media, People’s Daily endorsed the “orderly” blockchain innovation but at the same time cautioned to “keep it rational.” As per the translated version shared by Dovey Wan, the founding partner of Primitive Partners, the article starts with a bullish tone as it writes, “blockchain “the future is here.” JUST IN People’s Daily (CCP’s […]

2019-11-5 22:45


China’s central bank fast-tracks R&D of its legal digital currency

The People’s Bank of China noted that they are going to track the development trend of virtual currencies of China and foreign in order to strengthen Internet financial risk remediation. After mulling over its centrally owned digital currency, China accelerated its research and development, according to the statement released by the People’s Bank of China […] The post China’s central bank fast-tracks R&D of its legal digital currency appeared first on AMBCrypto.

2019-8-3 11:42


Ôîòî:

Bitcoin Is ‘Virtual Property’ Says Second China Court

China has officially recognized Bitcoin as a valid phenomenon for a second time after a court determined it is “virtual property. ” Bitcoin Is ‘Valuable, Scarce And Disposable’ As reported by Caijing quoting the China Securities Journal, a national newsletter published by the Xinhua News Agency, a court in Hangzhou made the judgement during an ongoing dispute between a cryptocurrency exchange and one of its users.

2019-7-19 15:00


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