2019-11-13 20:15 |
China's proposed digital yuan should strike a balance between protecting privacy and regulatory enforcement, a central bank official said. origin »
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Tencent-backed WeBank and Ant Financial-backed MYbank will reportedly be the first private banks to join China’s digital yuan pilot.
2021-2-23 15:50 | |
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State-owned commercial banks in China are reportedly testing a wallet for the country's forthcoming digital yuan.
2020-8-7 15:05 | |
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While the US drags its regulatory feet and gets bamboozled by bureaucracy, China forges ahead and could launch its own digital currency within a few months. Crypto Yuan Nearing According to a central bank official, China’s planned crypto yuan is not all about spying on its citizens.
2019-11-13 08:53 | |
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Dovey Wan, Founding partner at Primitive Ventures, has been proactive in uncovering China's crypto-space for the global audience. She recently featured on an edition of the Off the Chain podcast to clThe post China's digital yuan will eliminate shadow banking: Dovey Wan appeared first on AMBCrypto.
2019-11-13 08:33 | |
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China has been sending mixed signals about its preparedness to issue a national crypto. Despite the new blockchain push, there is still no timeframe for the anticipated launch of the digital yuan and few details have been revealed so far.
2019-11-9 22:00 | |
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Whether the dollar likes it or not, the digital yuan is coming. China has staked its claim for a digital version of its fiat currency, and by the looks of things, the ambition is truly global.
2019-11-7 16:30 | |
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China's Central Bank, People's Bank of China [PBoC] has been working proactively on its digital yuan and according to an official, it will be no less than a "horse race" with financial institutions adThe post PBoC official on CBDC: Front runner will take the whole market appeared first on AMBCrypto.
2019-11-6 16:30 | |
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Amidst reports suggesting that China is coming up with a government-backed digital yuan, many well-known crypto-proponents in the space have urged lawmakers to tokenize the U. S dollar. In the latest dThe post Coinbase officer's call for tokenized U.
2019-11-5 18:00 | |
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Ethereum co-founder and ConsenSys CEO Joe Lubin says he doesn’t see a reason for China’s central bank to implement blockchain for the digital yuan
2019-11-6 11:28 | |
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Red and Gold, not Red and Yellow. China is leading the race for the first central bank-backed digital currency. However, the term "backed," might not be what most people expect. The People's BanThe post China could back their digital yuan with something unexpected - Gold appeared first on AMBCrypto.
2019-11-2 14:30 | |
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China sparked a debate that is spreading like wildfire throughout the world. With the developments surrounding Beijing's Digital yuan, a project which has been in development for over a year, competinThe post China, Europe will lead CBDC race as South Korea opts out appeared first on AMBCrypto.
2019-11-1 16:00 | |
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Guangzhou state government launches a 1 billion yuan fund, approx. $140 million USD, to boost blockchain innovations in the state. Guangzhou Huangpu District and Guangzhou Development Zone, who make up strategic technological decisions came up with the “Detailed Rules for Implementing Several Measures for Accelerating Blockchain Industry Leading Change”. Guangzhou’s $140 million fund to accelerate […]
2019-10-31 00:41 | |
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Crypto giant exchange platform Binance has added BNB coin on their peer-to-peer platform for the Chinese investors. The platform now has four virtual currencies that investors and users can trade against the Chinese Yuan.
2019-10-30 17:58 | |
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ANZ Research recently published its report on China’s de-dollarization, Libra and RMB globalization; a report which said that while China still allocates a high share of its foreign exchange reserves to USD (estimated at around 59% as of June 2019), it is likely to speed up the pace of diversifying into other currencies as time […] The post Facebook’s Libra could be both a yuan competitor, and a yuan enhancer appeared first on AMBCrypto.
2019-10-29 19:00 | |
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Peer-to-peer trading platform Paxful has seen a surge in its trading volume for Bitcoin (BTC) against the Chinese yuan. It posted a new all-time high this past week. Recently, Binance announced that its peer-to-peer Bitcoin trading platform in China will be open to using WeChat and Alipay.
2019-10-22 12:18 | |
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The Chinese central bank has pumped nearly $30 billion into the economy after recent data showed a slowdown. Chinese crypto investors may get another lucky break if the funds overflow into the sector.
2019-10-16 17:00 | |
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Over the past few months, the confluence of payments and the global economy has never been clearer. With Libra sending tremors from Washington D. C. to Paris, and China unveiling its plan to launch a digital yuan, ill-prepared lawmakers are feeling the brunt of not paying enough attention to the growing digital payments industry.
2019-10-16 09:43 | |
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Coinspeaker Binance’s Peer-to-Peer Trading in China is Great for EveryoneCryptocurrency exchange platform Binance launched its P2P trading facility for trading cryptocurrencies against the Chinese Yuan.
2019-10-12 11:10 | |
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Brad Garlinghouse, CEO of Ripple, has been very open about cryptocurrency’s growing capability to finally replace fiat currency for good. In this regard, Garlinghouse highlighted China leading the U.
2019-10-9 08:30 | |
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In a recent interview with CNBC’s Squawk Box, Anthony Pompliano, the co-founder of Morgan Creek Digital, has argued that the United States must tokenize the dollar to remain competitive in the shifting global financial landscape.
2019-9-29 22:07 | |
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China's central bank has played down reports that it will issue its digital yuan in November through major banks and companies.
2019-9-23 15:20 | |
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Circle CEO Jeremy Allaire believes that China's developing "cryptocurrency" could propel the yuan to worldwide renown as a global reserve currency. Speaking to CNBC's Squawk Box, Allaire highlighted the budding prospects of the central bank digital currency (CBDC), suggesting that it could act as the "mechanism" for worldwide adoption of the yuan.
2019-9-14 20:39 | |
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In a series of interviews over the last week, Circle CEO Jeremy Allaire has weighed in on how China is far ahead of any other country in creating a Central Bank Digital Currency and why that will help lead to the internationalization of the yuan. He has also broken down
2019-9-14 18:34 | |
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Asian stocks advanced on Friday after an apparent thawing in U. S. -China trade tensions fueled investors' appetite for riskier assets. In the process, the Chinese yuan stabilized at three-week highs against the U.
2019-9-14 06:27 | |
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Asian stocks advanced on Friday after an apparent thawing in U. S. -China trade tensions fueled investors’ appetite for riskier assets. In the process, the Chinese yuan stabilized at three-week highs against the U.
2019-9-13 06:27 | |
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Controversial stablecoin Tether is launching a new stablecoin dubbed 'CNHT' pegged to the offshore Chinese yuan.
2019-9-12 15:01 | |
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China is set to launch the world’s first central bank digital currency (CBDC). As the majority of central banks, including in the US and Europe, are tentative over issuing their own CBDCs, the People’s Bank of China (PBoC) has gone all-in on the idea of a digital Yuan and not a crypto asset.
2019-9-12 13:00 | |
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China’s central bank is reportedly making strides towards launching a digital currency (not a cryptocurrency) tied to the yuan. Here are three things to know about the proposed central bank digital currency (CBDC).
2019-9-12 22:30 | |
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In an interview with Phoenix Chinese news Circle CEO Jeremy Allaire has said that China is the closest to getting a Central Bank Digital Currency (CBDC). China's Phoenix TV interviewed Circle CEO @jerallaire on CBDCs, the internationalization of the Yuan, the rise of USD Coin and the rapidly growing global stablecoin phenomenon. Full interview: https://t.co/Ru29jhLUTj […]
2019-9-12 19:35 | |
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Coinspeaker Circle CEO Thinks China’s Cryptocurrency Will Lead the Crypto CompetitionCircle CEO Jeremy Allaire said that China's research and development on CBDC outclass its peers and the digital version of Chinese Yuan could possibly bypass the Western banking system.
2019-9-11 17:32 | |
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China has been trending away from cash and toward digital payments for quite some time now. In 2018, 3. 8 quadrillion yuan was remitted using plastic cards, cheques, electronic transfers, and other formal methods.
2019-9-11 13:16 | |
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The basket of fiat currencies in the line up to back Facebook's Libra "cryptocurrency" may not include the Chinese Yuan. According to Bloomberg, the likely backers include the US Dollar, the Euro, the British pound, The Japanese Yen, and the Singapore dollar.
2019-9-10 14:02 | |
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Tether announced a new offshore Chinese-yuan backed stablecoin, CNHT. The cryptocurrency is the newest addition to the firm’s suite of regulation-skirting coins. Primer on China’s currency controls As part of China’s monetary strategy to peg the yuan against the dollar, it is mandatory that the People’s Republic control capital flows into the country.
2019-9-10 22:15 | |
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Over the past few months, a trade war has been raging between the U. S. and China. Throughout this, Bitcoin (BTC) has managed to post stellar gains, rallying by some 100% since the latest leg of this dispute began.
2019-9-8 21:00 | |
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Bitcoin reaches a record inverse relationship with China’s currency But it is not yet a macro asset In 2019, there were several instances that showed Bitcoin is becoming a hedge against the global issues.
2019-9-7 18:51 | |
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Bloomberg reports that as Chinese yuan is going down on charts, the Bitcoin price is rising as investors are hedging their risks against the RMB plunge
2019-9-7 14:18 | |
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The trade war between the United States and China is reaching new highs recently as the Chinese yuan keeps falling in value. Because of this, some signs that Chinese investors are starting to buy Bitcoin are starting to appear these days.
2019-9-7 21:16 | |
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China's incipient digital currency will apparently "bear similarities" to Facebook's own proposed cryptocurrency and is intended to protect China's 'monetary sovereignty', according to a superior within China's central bank.
2019-9-6 13:40 | |
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China’s incipient digital currency will apparently “bear similarities” to Facebook’s own proposed cryptocurrency and is intended to protect China’s ‘monetary sovereignty’, according to a superior within China’s central bank.
2019-9-8 13:40 | |
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The PBoC's new digital currency chief has said its upcoming digital yuan has features not offered by Facebook Libra.
2019-9-6 12:30 | |
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Bitcoin gained momentum to continue a recent winning streak as the Chinese Yuan dropped to its weakest level in more than a decade. The benchmark cryptoasset accelerated its early morning advance with a 1.
2019-9-3 11:44 | |
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HSBC has carried out the first blockchain-based letter of credit transaction denominated in Chinese yuan.
2019-9-3 11:12 | |
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Tether Holdings, the firm that issues tether (USDT), has plans to launch an offshore Chinese yuan stablecoin called CNHT. Tether’s digital dollar presence within the crypto economy has been massive in recent months, seeing significant demand from China.
2019-8-31 01:59 | |
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Tether, Inc. has proposed the creation of a new stablecoin backed by Chinese yuan, to take advantage of China’s demand for trading and crypto transfers.
2019-8-22 11:47 | |
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Bitcoin gave up its intraday gains as China’s central bank revamped its benchmark lending rate lower to tackle slowing economic growth. The top cryptocurrency dropped by $242, or 2. 21 percent, to $10,705 as of 16:48 Shanghai time.
2019-8-20 16:00 | |
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Nevermind the double-digit price swings. Despite the day-to-day roller coaster ride of crypto markets, spiking demand in China and Argentina point to a pivot point for the largest digital currency – from risky bet to safe store of value.
2019-8-17 22:26 | |
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A weakening Chinese Yuan (Renminbi) is helping to fuel the bullish sentiment of bitcoin, according to Taimur Baig of DBS’ Singapore unit. The chief economist told Financial Times that the recent run-up in the bitcoin price took place after the People’s Bank of China (PBoC) forced the value of the renminbi below $0.
2019-8-14 17:00 | |
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Dow Jones Industrial Average (DJIA) futures collapsed in early trading Monday, falling more than 200 points. The move comes on a trifecta of bad news for global stock markets. Goldman Sachs issued a recession warning, China continued to hold the yuan at weak levels, and Treasury bonds plunged overnight.
2019-8-12 13:24 | |
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Six years after beginning to research digital technologies, China has finally decided to accelerate the development of a state cryptocurrency
2019-8-10 23:42 | |
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The government is incentivizing new residents to come develop payment solutions, smart contracts, hard wallets and promotions for the digital yuan.
A shift in the digital currency environment may occur due to Russia's latest decision to utilize the Chinese yuan instead of the U.S. dollar in trade settlements with nations in Asia, Africa, and South America.
Recent events in China indicate the country’s paradigm shift concerning digital currency. The digital yuan (e-CNY) is gradually forming a significant part of the Chinese currency through its rapid development.
The 13.61 billion e-CNY represented roughly 0.13% of the 10.47 trillion yuan in circulation at the end of 2022.
Amid the ongoing global CBDCs adoption, China proposes an Asian-wide digital currency to reduce the continent’s economic reliance on the US dollar. USD is unquestionably the most widely used international currency.
PBoC deputy governor Fan Yifei said expanding e-CNY trials to the provinces of Guangdong, Jiangsu, Hebei and Sichuan would happen "at a proper time."
In contrast to many other nations, China has adhered strictly to a zero-COVID policy, resulting in the repeated shutdown and closure of non-essential enterprises in key financial centres such as Shanghai.