China's digital yuan may eventually challenge USD hegemony: Kenneth Rogoff

2019-11-28 17:30

China's presence in the blockchain and digital asset ecosystem has never been more prominent. Not only has China conceded to the development of its own digital currency, a digital Yuan, but the ChinesThe post China's digital yuan may eventually challenge USD hegemony: Kenneth Rogoff appeared first on AMBCrypto.

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China Trials Its Central Bank Currency, The Digital Yuan, In Shenzhen’s Gas Stations

China’s Central Bank assists Shenzhen citizens in using its digital currency as payments to refuel their motor vehicles. The community in the tech hub of China (Shenzhen) received $1. 5 million in digital Yuan, airdropped to gear up the project, 11 gas stations are now accepting digital currency as payments, reported Economic Information Daily.

2020-10-18 17:41


China to Scale Digital Yuan Pilot to 28 Cities as it Solidifies Its Tokenomics Dominance

China’s digital yuan ‘DC/EP’ might soon be replacing the fiat renminbi in circulation following an announcement by the country’s ministry of commerce to scale the pilot in more cities. This PBoC backed digital currency has been in progress since 2014 but was only piloted recently, marking a significant milestone towards the adoption of CBDC’s. The […]

2020-8-17 17:06


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China to Start Testing its Digital Yuan in Beijing and Other Major Cities

China’s digital currency program is set to expand to its capital Beijing and other major cities including Tianjin, Hebei, Guangdong, Yangtze River Delta as well as Hong Kong- Macau Greater Bay Area. According to an official announcement made by China’s commerce ministry, the digital RMB pilot programs will be led by the Chinese Central Bank, […]

2020-8-15 01:23


China’s Central Bank Digital Currency is “Digital Form of the Yuan” & “Not for Speculation”

China’s new sovereign digital currency would not be open to speculation like other cryptocurrencies, said a Chinese central bank official on Saturday. Mu Changchun, head of the People’s Bank of China’s digital currency research institute said it would be a “digital form of the yuan” that wouldn’t need the backing of a basket of fiat […]

2019-12-23 19:11


China’s Central Bank (PBoC) Forced by Fake Website to Deny Launch of Its Digital Crypto (DECP)

The PBoC (People’s Bank of China) was recently forced to release a statement indicating that its much anticipated digital asset was still in its testing stages. This news comes during a time when there are online reports insinuating that dates had already been set for the official launch of the stablecoin. DCEP or the Digital […]

2019-11-15 22:47


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China’s National Digital Currency is Anything but Decentralized says Ethereum Co-Founder

China’s national digital currency is in the works, which would monitor transactions and curb money laundering. However, according to a recent interview with CNBC on November 5, 2019, Ethereum co-founder, Joseph Lubin, believes that China’s central bank digital currency (CBDC) lacks a key component of blockchain technology, which is decentralization.

2019-11-6 10:00


People’s Bank of China (PBoC) Talks Plans to Fast-Track R&D Related to its Legal Digital Currency

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


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


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Venezuela is buying Bitcoin with airport taxes to smuggle in US dollars, report

Venezuela appears to be leveraging cryptocurrencies as part of a larger effort to bypass US sanctions. According to an investigation by Spanish newspaper ABC, President Nicolas Maduro and his administration are using a digital wallet app called Jetman Pay to convert tax revenue from one of the country’s main airports into Bitcoin and other cryptocurrencies.

2019-7-26 14:02


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Lawsuit accuses CZ, Binance of being 'getaway drivers' for 'bad actors'

Binance under scrutiny again after a class action lawsuit against it was filed in Washington If the case goes ahead, blockchain analytics could be on trial Binance and its former CEO, ChangpThe post Lawsuit accuses CZ, Binance of being 'getaway drivers' for 'bad actors' appeared first on AMBCrypto.

Ikigai agrees to pay $150K fine owing to illicit Bitcoin loan

Ikigai Partners' fine is yet another episode in the aftermath of FTX's collapse Back in May, the NFA issues new rules allowing some level of oversight over crypto firms Ikigai Partners has aThe post Ikigai agrees to pay $150K fine owing to illicit Bitcoin loan appeared first on AMBCrypto.

Germany - Crypto ATM numbers continue to fall after BaFin's latest raid

Germany has joined the United States in clamping down on Crypto ATMs Figures for the same have stalled since 2022 Germany's Federal Financial Supervisory Authority (BaFin) recently conductedThe post Germany - Crypto ATM numbers continue to fall after BaFin's latest raid appeared first on AMBCrypto.

XRP volatility to decrease, but traders can still make profits - Here's how

XRP bulls battled against the mid-range resistance zone. The futures market clues pointed to bearish sentiment and a consolidation phase under $0.6. Ripple [XRP] has formed a bullish trianglThe post XRP volatility to decrease, but traders can still make profits - Here's how appeared first on AMBCrypto.

Iran's crypto-mining crackdown - Why is the country offering bounties now?

A major heatwave has worsened the electricity crisis in Iran Mining activities have historically allowed the country to mitigate effects of international sanctions Iran is intensifying its cThe post Iran's crypto-mining crackdown - Why is the country offering bounties now? appeared first on AMBCrypto.

Donald Trump's crypto-pivot - +1M in ETH, +7M in NFT licensing deal

Trump completed a full U-Turn with the revelation of crypto-holdings in his financial disclosures Many crypto-holders continue to be single issue voters Former President Donald Trump has gonThe post Donald Trump's crypto-pivot - +1M in ETH, +7M in NFT licensing deal appeared first on AMBCrypto.