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Ñîîáùåíèå China Poised to Issue Yuan-Backed Stablecoins to Elevate Global Currency Reach ïîÿâèëèñü ñíà÷àëà íà Coinstelegram.
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China has announced a successful trial of the e-yuan which they call the Digital Currency Electronic Payments (DCEP) system. It is being called a contender to bitcoin, but there is...
2020-10-13 15:23 | |
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First reported by the South China Morning Post, the People’s Bank of China deputy governor, Fan Yi Fei, speaking at a SWIFT-organized virtual conference, Sibos 2020, stated massive progress in the digital currency and electronic payments (DC/EP) pilot projects.
2020-10-7 22:35 | |
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China’s Digital currency might be integrated with the country’s financial ecosystem sooner than expected despite the COVID-19 pandemic. This is after one of its state-owned banks – Agricultural Bank of China (ABC) – released an application that accommodates the prospective central bank currency, DC/EP.
2020-4-15 17:18 | |
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The People’s Bank of China files for multiple patents related to digital currency
2020-2-13 07:34 | |
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The People’s Bank of China files for multiple patents related to digital currency
2020-2-13 07:34 | |
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Matthew Graham is the CEO of Sino Global Capital, a team of Beijing-based investment bankers. China sees blockchain as a key strategic technology pillar critical to the next decade of growth. As it prepares to deploy a state-issued digital currency or DCEP (Digital Currency / Electronic Payment) China has a unique opportunity to take control of its monetary system.
2020-1-8 22:55 | |
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An official at China’s central bank recently revealed the central bank’s readiness to launch the country’s central bank digital currency (CBDC) according to a report by Shanghai Securities News on August 10, 2019.
2019-8-12 18:44 | |
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The People's Bank of China announced its readiness to launch its own digital currency based on the blockchain technology. But this will not lead to any changes in Beijing's monetary policy.
2019-8-12 13:20 | |
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An official at China's central bank has said the institution is nearing the launch of its national digital currency.
2019-8-12 11:45 | |
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Donald Trump is stoking the flames of a new currency war, creating a do-or-die moment for the cryptocurrency movement, writes Michael J. Casey.
2019-8-12 05:30 | |
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At the third “China Financial Forty People Yichun Forum,” held on August 10, the deputy director of the Payment and Settlement Division of the People's Bank of China, Mu Changchun said the central bank’s digital currency DC/EP is now “ready” after five years of research.
2019-8-12 03:56 | |
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The People’s Bank of China says a prototype of its digital currency has been fully developed, and it is now ready to launch
2019-8-12 21:52 | |
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According to an announcement from an official for the People’s Bank of China (PBOC), the country is nearly ready to unveil its new central bank digital currency (CBDC). Centralized Crypto-Currencies There’s been much talk recently in the Bitcoin space about digital payment technology getting picked up by centralized powers.
2019-8-12 21:42 | |
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Coinspeaker PBOC’s Digital Currency Nearly Ready After 5 Years of DevelopmentA senior official of China's central bank announced at the China Finance 40 Group meeting that the country will soon roll out its central bank digital currency (CBDC).
2019-8-12 16:54 | |
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Mu Changchun, Deputy Chief in the Payment and Settlement Division of the People’s Bank of China [PBOC], recently announced at the third “China Finance 40 Yichun Forum”, that the development period of People’s Bank of China’s [PBOC] digital currency was near completion and it was “said to be ready.
2019-8-11 12:33 | |
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The trade war between the world’s two biggest economies continues to intensify while China’s yuan remains above the important physiological level 7 at 7.6 against the US dollar on Friday. With central banks around the world making rate cuts and a threat of currency crisis looming, Bitcoin is fast becoming a safe haven asset. According […]
2019-8-9 15:48 | |
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The traditional equities markets have been caught in a tailspin over the past couple of days due to increasing tensions between the U. S. and China that have escalated the trade war into a full-fledged currency war.
2019-8-8 03:00 | |
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The collapse of the renminbi to a record level since the financial crisis of 7 yuan per dollar was “caused by market factors,” the Chinese side said. Prior to this, Trump accused China of currency manipulation in order to help Chinese exporters.
2019-8-7 14:45 | |
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The Dow and broader U. S. stock market began their long road to recovery on Tuesday after the People's Bank of China (PBoC) announced it would take decisive measures to stabilize the yuan. In other words, PBoC is manipulating the currency market in the direction that appeases stock traders.
2019-8-7 22:26 | |
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“We may well be at the most dangerous financial moment since the 2009 Financial Crisis with current developments between the US and China,” said Lawrence Summers, former Secretary of the Treasury Monday.
2019-8-6 21:55 | |
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The US Treasury Department on Monday designated China as a currency manipulator in a historic move that hasn’t been exercised since the Clinton administration. “Secretary Mnuchin, under the auspices of President Trump, has today determined that China is a Currency Manipulator,” the Treasury Department said in a release. “As a result of this determination, Secretary […]
2019-8-6 16:10 | |
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What started out as a trade dispute between the world’s two largest economies is now a full-blown currency war as the U.S. and China bring their big guns to the battlefield. The impact on the global financial markets was immediate and severe, driving up safe-haven assets as ordinary people fear losing the value of their […] The post Currency War Erupts as US and China Bring Out the Big Guns appeared first on Bitcoin News.
2019-8-6 13:31 | |
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Coinspeaker Global Stock Markets Continue Crashing Down as U. S. Treasury Tags China ‘Currency Manipulator’Following China’s extreme devaluation of the Yuan, the U. S. Treasury Department has labeled China a “currency manipulator.
2019-8-6 12:26 | |
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The simmering trade tensions between the US and China have threatened to spark a full-blown currency war after Beijing lets the yuan weekend past the psychologically important point of 7 to the American dollar for the first time in over a decade.
2019-8-5 17:42 | |
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Coinspeaker China’s Central Bank Focuses on Development of Its Own Virtual CurrencyChina’s Central Bank now wants to develop a virtual currency to compete with the recently unveiled Facebook’s Libra aiming to gain the lead in the development of the cryptocurrency and blockchain technologies.
2019-8-5 15:04 | |
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US stocks are set to open deep in the red on Monday, as Dow Jones Industrial Average (DJIA) futures fell more than 300 points lower. Stock markets are in free fall around the world after China hit back at Trump’s proposed tariffs and Twitter threats.
2019-8-5 14:00 | |
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On Friday, August 2, 2019, the People’s Bank of China (PBoC) supposedly held a video conference in which things that needed to be achieved in the second half of the year were elaborated upon. According to The Block, China’s central bank reported its plans to accelerate its goals with regard to a country-wide digital currency […]
2019-8-3 17:24 | |
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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 | |
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The founder and CEO of Chinese telecommunications giant Huawei, Ren Zhengfei, has dismissed concerns that Facebook’s planned cryptocurrency Libra could dominate the world at the expense of China and its tech firms, Sina reports.
2019-7-26 14:10 | |
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American venture capital investor, Tim Draper, has commented on India’s proposed bitcoin and crypto ban stating that it will set the nation back 40 years. Death Knell For Bitcoin and Crypto in India India has clearly taken a leaf out of China’s book with its draconian attitude towards crypto assets.
2019-7-26 14:02 | |
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Coinspeaker Huawei’s Founder Joins PBOC in Supporting ‘Chinese Libra’ CreationThe way Libra is designed makes it hard for governments to see who’s paying whom, or to limit cross-border payments.
2019-7-26 11:03 | |
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The first case regarding Bitcoin as a commodity in China led to the Hangzhou Internet Court pronouncing it as virtual property. The court said Bitcoin has value, scarcity, and can be disposed, giving it the necessary attributes of a digital currency with inherent utility.
2019-7-19 17:00 | |
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Since Facebook announced its new cryptocurrency “Libra,” it has faced resistance from global regulators and financial sectors. The People’s Bank of China, which in 2017 banned the use and trading of cryptocurrencies, has also expressed skepticism, believing that the US-controlled digital currency would circumvent its financial sovereignty.
2019-7-18 15:00 | |
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China should revamp its plan for a national digital currency in the face of Facebook's Libra cryptocurrency, says the central bank's former head.
2019-7-11 16:22 | |
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It all started with the US launching an investigation of China’s trading policies in 2017, leading to the imposition of tit-for-tat tariffs on products by both the countries. As tensions between the two countries intensified, what many observed was an opportune moment for cryptocurrencies to replace the legacy institution.
2019-7-11 02:30 | |
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Ever Since Libra was unveiled, it has attracted the attention of several people, from analysts to the US Congress, regulators and most recently, the Asian giant, China. Reports say that China is looking to develop its own digital currency because Libra poses a massive risk to global financial and monetary systems.
2019-7-10 18:37 | |
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Bitcoin proponents predict that China’s decision to create its own digital currency will ironically drive massive BTC adoption. China: Libra Dollar Peg Would Harm Sovereignty As various media outlets including South China Morning Post (SCMP) reported July 8, China’s central bank said it was already in the process of building the digital token.
2019-7-9 17:00 | |
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Coinspeaker China’s National Digital Currency Threatened By Facebook’s Libra Coin: PBoC OfficialWhen the U. S. sneezes the rest of the world catches a cold, and this time around the cold has caught up with China.
2019-7-9 10:50 | |
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The Chinese central bank is developing its own digital currency in response to Facebook’s forthcoming Libra stablecoin
2019-7-9 22:16 | |
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At Peking University’s Institute of Digital Finance, Wang Xin, head of the research bureau at the People's Bank of China, noted that mass adoption of Facebook's Libra cryptocurrency could ramp up development of China's own national digital currency.
2019-7-9 18:49 | |
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China's central bank could hasten development of its digital yuan to counter the threat posed by Facebook's Libra cryptocurrency, an official says.
2019-7-9 17:00 | |
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In a tweet on Wednesday, the US president Donald Trump called out for the US to match Europe and China’s “currency manipulation game.” “We should MATCH, or continue being the dummies who sit back and politely watch as other countries continue to play their games – as they have for many years!” Trump said on […]
2019-7-4 19:32 | |
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Belligerent currency manipulation tweet from Trump bolsters the argument for crypto as a safe haven asset
2019-7-4 12:42 | |
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Don’t look now, but the bitcoin price is already surging back from its early July lows to trade comfortably above $11,000. And one fundamental catalyst might have come from an unlikely ally: US President Donald Trump.
2019-7-4 00:51 | |
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BTC in Hong Kong is currently trading $175 above its spot price according to other Bitcoin indexes, as political instability is driving demand for a safe haven. Hong Kong Protesters Seek Safety in Bitcoin Bitcoin demand in Hong Kong is starting to surge as an increasing amount of citizens are seeking refuge in the decentralized currency.
2019-6-18 23:00 | |
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Following the entry of several institutions into the cryptocurrency space, world renowned venture capitalist Tim Draper, has also openly opined in favor of crypto. Sharing the sentiments of entrepreneur Brock Pierce, Draper shared that his focus was on improving humanity.
2019-6-8 01:30 | |
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Bitcoin has made a leap in the past fortnight. Granted, the rally started two months ago. However, it’s in the past two weeks that the digital currency has made the biggest gains. Currently trading at $7,900, it hit $8250 earlier today, a level it last hit close to a year ago.
2019-5-15 20:28 | |
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WeChat, the #1 messaging app in China, is also widely used for cryptocurrency transactions. Recently, WeChat Payment has revised the “WeChat Agreement for Payment Service,” which involves the control and regulation of illegal transactions, including cryptocurrency transactions.
2019-5-9 22:54 | |
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China Could Push Bitcoin Up As Central Bank Tightens Its Capital Control On US Dollar According to the latest report by South China Morning Post, Chinese banks have increased their scrutiny of foreign currency withdrawals.
2019-5-8 20:34 | |
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Animoca Brands and StanChart get HKMA stablecoin license for Anchorpoint, HKD-backed digital currency rollout as advancing Hong Kong’s crypto finance ecosystem.
The latest crypto update from Washington reshaped the CLARITY Act debate on Wednesday when the White House Council of Economic Advisers published a 21-page analysis finding that banning stablecoin yield would increase bank lending by just 0.02 percent, directly undercutting…
The stablecoin news out of Washington this week goes beyond reserves and redemptions — FinCEN, the Treasury’s financial crimes unit, has proposed rules that would fundamentally reform how stablecoin issuers and all US financial institutions handle anti-money laundering compliance, shifting…
The crypto regulation landscape shifted Tuesday as the FDIC voted to release a 191-page proposed rule implementing the GENIUS Act, setting reserve, redemption, capital, and custody standards for stablecoin issuers — but the most consequential detail for everyday holders is…
Ethereum price rose 7% to a three-week high on Wednesday, fueled by a broader market rebound and strengthening stablecoin supply on the network. According to data from crypto.news, Ethereum (ETH) price rose 9% to a multi-week high of $2,257 on Wednesday,…
The crypto market update bitcoin war hedge Strait of Hormuz news today centers on a striking development: Iran’s IRGC has established a formal toll system at the world’s most critical oil chokepoint, demanding payments in stablecoins or Chinese yuan for…
Resolv Labs burns 36.7m hacked USR after a key compromise let an attacker mint 80m unbacked tokens and dump $24.5m in ETH, leaving a $34m hole in the protocol. Resolv Labs has destroyed 36.73 million USR stablecoins previously controlled by…