China to One Day Turn the Renminbi into a Crypto, Claims Blockchain Author

2019-4-18 03:35

By CCN: Perhaps no country has tried harder to snuff out bitcoin than China. After putting the kibosh on ICOs, the government banned crypto exchanges and now they’re targeting bitcoin mining.

While they may have slowed crypto down, especially in China, this train is moving full-speed ahead. Sooner or later, they might find themselves boarding, too. Blockchain Research Institute Executive Chairman Donald Tapscott suggested that it’s only a matter of time before the renminbi makes its way onto the blockchain, telling Bloomberg: “In 20 years, we’re not going to be using bitcoin in China. The Chinese people will use the

The post China to One Day Turn the Renminbi into a Crypto, Claims Blockchain Author appeared first on CCN

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China Adoption Blossoms as the Largest Shipping Conglomerate Is About To Implement Blockchain For Its Supply Chain

On March 27, the China Shipbuilding Industry Company Limited (CSICL), one of the largest shipbuilding conglomerates in China, signed… The post China Adoption Blossoms as the Largest Shipping Conglomerate Is About To Implement Blockchain For Its Supply Chain appeared first on Invest In Blockchain.

2019-4-2 22:08


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Falling Renminbi Serious Use Case for Bitcoin: DBS Chief Economist

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.

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