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China to respect privacy of digital yuan users, eyes more adoption
A senior Chinese central bank official, Mu Changchun, said the country will respect digital yuan users’ privacy and protect their personal information, Reuters reported on July 25. The post China to respect privacy of digital yuan users, eyes more adoption appeared first on CryptoSlate. дальше »
2022-7-25 14:45 | |
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China enters 2022 with a first-mover advantage on the CBDC front, releases pilot versions of digital yuan wallet apps for Android, iOS
The People’s Bank of China (POBC) recently released pilot versions of digital yuan wallets for both Android and iOS smartphones, Reuters reported. Meanwhile, researchers from Cornell University and the University in Chicago outlined what all the rush is about, and how will the arrival of digital yuan, also known as e-CNY or DCEP, affect the […] The post China enters 2022 with a first-mover advantage on the CBDC front, releases pilot versions of digital yuan wallet apps for Android, iOS appeared first on CryptoSlate. дальше »
2022-1-5 08:00 | |
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China’s Anhui province begins its clampdown on Bitcoin (BTC) mining
Eastern China’s Anhui province became the latest regional county to ban Bitcoin mining in the country, weeks after the government unleashed a harsh plan to stamp out the activity in the nation, reported news outlet Reuters this morning. дальше »
2021-7-15 19:00 | |
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China’s AgBank Vows to Crack Down on Cryptocurrency Transactions
According to a June 21 Reuters report, the Agriculture Bank of China (AgBank) has moved to clamp down on crypto transactions and mining activities. AgBank, which is China’s major banking institution, cited recent guidelines from China’s central bank as the reason for its ban on virtual currencies. дальше »
2021-6-22 16:50 | |
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Hainan Province Warns Investors Against Illegal Crypto Fundraising Schemes
Chinese regulators in the Hainan province have warned residents not to involve themselves in cryptocurrency-related fundraising activities, as they are illegal in the island province. Hainan Cautions Against Illegal Crypto-Related Fundraising Activities According to Reuters on Thursday (June 3, 2021), a report by Nanguo Metropolis Daily stated that the local branch of China’s central bank,Read More дальше »
2021-6-6 19:00 | |
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Chinese Officials Are Investigating Crypto Mining Operations
Regulators in China’s Sichuan province are gathering information on cryptocurrency mining, potentially leading to a full crackdown on the practice, Reuters reports. The news comes after the Chinese government announced it will “crack down on bitcoin mining and trading behavior, and resolutely prevent the transfer of individual risks to the society” according to a statement. дальше »
2021-6-8 22:56 | |
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‘Reiterated FUD’ – Chinese Government to Continue Monitoring Bitcoin Mining Sector
A recent report from the Chinese government’s financial committee has reiterated the country’s stance on bitcoin mining and that it would continue to monitor the sector closely. The report follows a recent article from Reuters published three days ago, which also reiterates China’s older warnings against the crypto industry. дальше »
2021-5-22 21:00 | |
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Breaking: China Bans Crypto For the 100th Time; Hong Kong Proposal Seeks to Restrict Retail Traders From Exchanges
Cryptocurrency exchanges in Hong Kong are set to be prohibited from offering services to retail crypto traders following a new government proposal. Hong Kong Floats New Proposal On Licensing Crypto Firms The legislative proposal, which Hong Kong's Financial Services and Treasury Bureau (FSTB) floated, has now moved past its consultation period, Reuters report. дальше »
2021-5-22 19:42 | |
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China Bans Banks From Using Cryptocurrency, Causing Worldwide Crash
China has banned any financial institutions and payment companies from doing any business related to cryptocurrencies, Reuters reports. The cryptocurrency market is flourishing in the country, despite crypto exchanges and initial coin offerings being banned in the country. дальше »
2021-6-8 22:26 | |
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Bitcoin Headed For A Catastrophic Price Drop As China Reiterates Negative Stance On Crypto
On Tuesday, a report from Reuters made claims of China passing a ban on financial institutions and payment companies, prohibiting any cryptocurrency transactions and warning investors over speculative crypto trading. дальше »
2021-5-19 15:35 | |
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Bitcoin miners in China receive ’emergency notice’ amidst energy concerns
The Beijing Municipal Bureau of Economy and Information Technology has begun sending out “emergency notices” to local data centers, urging their operators to report whether they are involved in cryptocurrency mining, Reuters reported yesterday. дальше »
2021-4-30 19:00 | |
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Major State-Owned Banks Promote Digital Yuan Over Alipay and Wechat Pay
Six leading Chinese banks are promoting the digital yuan as a better alternative to existing major payment providers WeChat Pay and Alipay, ahead of an upcoming shopping festival. Banks Push for Digital Yuan Usage for Shopping Festival According to Reuters on Monday (April 26, 2021), China’s major state-owned banks are pushing the use of theRead More дальше »
2021-4-26 23:00 | |
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China Construction Bank (CCB) Branch in Malaysia Instructed to Cancel the $3 Billion Bond
The Malaysian branch of the China Construction Bank (CCB) has suspended the issuance of a $3 billion bond (Longbond SR Notes USD Feb 2021) without explanations, a Reuters report on Nov 23 shows. The Suspension and Assessment of the Bond Issuance Program CCB is one of the largest banks in the world by assets and owned by theRead MoreRead More. дальше »
2020-11-24 02:00 | |
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Japan Joins the CBDC Race With A ‘Digital Yen’ Trial; 30 Major Firms Will Start Experiments In 2021
While China has already successfully run the pilot test of its digital yuan, now Japan is getting ready to do the same. In its attempt to catch up, Japan’s 30 major firms will begin experiments of issuing a private digital currency next year, said the group's organizing body on Thursday, reported Reuters. дальше »
2020-11-19 21:19 | |
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Japan’s Central Bank to Launch Its Digital Yen Pilot in 2021; China’s CBDC Accelerating Timeline
Japan is playing catch up to China’s CBDC plans, Kenji Okamura, vice-finance minister for international affairs, said in an online seminar on Friday, as Reuters reported. Speaking on the dangers of being left behind by the largest Asian economy in digital currencies, Okamura called for the country to move towards developing its own digital yen. дальше »
2020-10-9 17:44 | |
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ЦБ Китая: Цифровой юань сломает монополию доллара США
Китай хочет выпустить свою цифровую валюту, чтобы интернационализировать юань и снизить зависимость от глобальной долларовой платежной системы. Об этом сообщает Reuters со ссылкой на статью в China Finance, журнале Народного банка Китая (НБК). дальше »
2020-9-21 12:51 | |
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China’s State Banks Test Digital Wallet App for CBDC Payments
China’s state-run commercial banks are conducting large-scale internal testing of a digital wallet application in preparation for rolling out a central bank digital currency (CBDC). Employees at state-run banks in cities including Shenzhen have started internally testing an app that will be used for transferring money and making payments, a Reuters report stated. дальше »
2020-8-7 14:25 | |
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International Banks Reportedly Enhance Due Diligence in Hong Kong Following New Security Law
Global banks have begun scrutinizing their Hong Kong clients to filter out pro-democracy individuals following the new national security law backed by mainland China. A recent report by Reuters has revealed that the likes of HSBC, Credit Suisse, and Julius Baer are among the international banking giants that have since increased their diligence process, screening […] дальше »
2020-7-22 20:29 | |
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Australian Mining Giant Trials Blockchain, Completes $14 Million Iron Ore Transaction to China
According to a Reuters report on June 29, 2020, BHP Group completed a trial transaction worth $14 million with China Baoshan Iron & Steel Co Ltd (Baosteel). Iron ore was tracked and delivered through a blockchain platform offered by MineHub Technologies in June 2020. дальше »
2020-6-30 19:00 | |
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Japanese Ruling Party Lawmakers Push For Crypto Yen Launch
Reports are emerging that Japan has been urged to accelerate its central bank digital currency development in order to compete with China. Crypto Yen in 2020? According to Reuters a group of Japanese ruling party lawmakers has urged the government to issue the country’s own crypto currency. дальше »
2020-2-7 13:00 | |
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China Might Adjust FX Regulation for Cryptos
China is about to broaden the scope of its blockchain pilot in cross-border financing, Reuters reported Tuesday, citing a government official. Besides, China might reform the foreign exchange regulation to deal with cryptocurrency. дальше »
2019-12-24 14:30 | |
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TikTok’s parent company is reportedly working on a smartphone
ByteDance, the company behind the fast-growing teen sensation TikTok, is getting into the smartphone business, according to a report from Reuters. The project, which Chinese financial news site Caijing says has been in development for seven months, is the continuation of a separate deal with niche handset manufacturer Smartisan. дальше »
2019-7-29 17:34 | |
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Broke Iran Seizes 1,000 Crypto Rigs, Skips Bitcoin Mining Mosques
As sanctions imposed by the United States continue to bite reducing government revenues and widening the budget deficit, Iran has turned its ire to Bitcoin mining operations in the country that are mooching off the country’s heavily subsidized power. дальше »
2019-6-29 14:35 | |
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Dow Shrugs off Trump’s Terrifying Half-Trillion Dollar China Threat
By CCN: Dow Jones futures pushed higher in early trading Thursday, seemingly ignoring Donald Trump’s latest trade threat. According to Reuters, the president said he was prepared to slam China with tariffs on all Chinese imports: “I could go up another at least $300 billion and I’ll do that at the right time. дальше »
2019-6-6 14:45 | |
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Sequoia Capital China to Layoff 20 Percent of its Workforce
Sequoia China, the Chinese arm of Sequoia Capital, could possibly layoff as much as 20 percent of its investment professionals due to an industry slowdown leading to investors’ low appetite for risk, reports Reuters on May 6, 2019. дальше »
2019-5-8 19:36 | |
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Tesla Model 3 Suffers in US-China Trade War as MAGA Takes Over
By CCN: The core computer of Tesla’s Chinese-made Model 3, known as the ‘Brain’, was rejected for exclusion from Donald Trump’s 25% tariffs. Tesla had applied for exclusion from the surcharge placed on Chinese-made goods but was rejected. дальше »
2019-5-4 04:15 | |
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Why CIO of Major Investment Firm Says Tesla’s Stock is Going to $4,000
By CCN: Tesla (TSLA) has had a poor first quarter in 2019, suffering from various occurrences such as the reported explosion of a Tesla Model 3 in China and a big miss on earnings. From January to March, Tesla was expected to generate a revenue of $5. дальше »
2019-5-2 01:45 | |
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Tesla Rival BYD is Absolutely Killing It – But There’s an Enormous Catch
By CCN: On the heels of a rather disappointing Tesla earnings call, Chinese electric car maker BYD Auto reported a stunning 632 percent increase in Q1 net profit. The company, backed by Warren Buffet, saw profits jump from 102. дальше »
2019-4-30 21:28 | |
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China’s Bitcoin Mining Ban is a Short-Term Blow, But Easily Recoverable
According to Reuters, the National Development and Reform Commission (NDRC) of China has drafted a proposal that may ban Bitcoin mining. The NDRC is responsible for economic planning, which includes the administration of a list of industries for restriction or elimination. дальше »
2019-4-9 18:00 | |
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China wants to destroy ‘wasteful’ Bitcoin mining
China, one of the world’s most prominent blockchain and cryptocurrency forces, wants to put an end to “wasteful” Bitcoin mining. The National Development and Reform Commission (NDRC) has added cryptocurrency mining to its latest list of industries it wants to restrict, or eliminate, Reuters reports. дальше »
2019-4-9 11:17 | |
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No US-China Trade Talks for 2 Weeks Running: Is Trump Preparing for an Ultimatum?
U. S. President Donald Trump has said on March 14 that he is not in a rush to complete a comprehensive trade deal with China after facing roadblocks in industrial policy compromisation. In recent months, the U. дальше »
2019-3-14 14:57 | |
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Mammoth Dow Jones Rally Should Follow End to US-China Trade War
According to an exclusive Reuters report, the U. S. and China are moving rapidly to establish a comprehensive trade deal, a move that could fuel the rally of the Dow Jones to continue on across the upcoming months. дальше »
2019-2-22 22:14 | |
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Tesla Starts Selling the Cheaper Model 3 in China [But Import Duty and Other Costs Still Makes it Expensive]
Tesla has begun taking orders for a cheaper version of the Model 3 in China. The electric car maker will now start selling the Model 3 Long-Range rear-wheel drive version marked at $64,400, Reuters reports. дальше »
2019-2-4 10:56 | |
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China To Start Censoring Blockchain Companies From February 2019
The censorship branch of the Chinese government has approved a policy that requires blockchain-based services to censor content and allow the country’s law enforcement to access its data and the identity of their users, Reuters reported on January 10, 2019. дальше »
2019-1-13 06:00 | |
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China is forcing blockchain devs to dox users, censor content
The Chinese government is forcing blockchain companies to censor content, store users’ identity data and share it with authorities in a bid to support “orderly development. ” As part of a new registration system, the Cyberspace Administration of China (CAC) will require users of blockchain platforms to submit their real names, national IDs, and even telephone numbers, Reuters reports. дальше »
2019-1-10 18:02 | |
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China’s Central Bank Calls for More Government Oversight on Blockchain
China’s central bank the People’s Bank of China (PBC) encouraged the government to increase supervision of blockchain-related ventures in a working paper released on Tuesday, warning that “bubbles were apparent,” according to Reuters. дальше »
2018-11-9 03:00 | |
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China’s PBoC Releases Advice to Govt to Strengthen Blockchain and Crypto Financing Supervision
The People’s Bank of China has held onto their anti-cryptocurrency stance for quite some time, and they do not seem to be backing down anytime soon. As reported by Reuters on November 6th, the PBOC has issued a warning to the government to strengthen their supervision of blockchain financing, based on the “bubbles” in the […] дальше »
2018-11-8 00:22 | |
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China’s president wants to make the internet ‘fairer’ — for China
China’s stranglehold on its citizens’ internet usage is notorious, and now the officials in charge of it are gathered at China’s main internet conference in Wuzhen. Today, President Xi Jinping called for greater global cooperation in making the internet fairer in a speech that was read on his behalf at the conference, Reuters reports. дальше »
2018-11-7 14:11 | |
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Подразделение Temasek инвестировало в биткоин-биржу Binance
Венчурное подразделение сингапурского инвестиционного холдинга Temasek Holdings Private Limited, Vertex Ventures, инвестировало в ведущую по суточному объему торгов биткоин-биржу Binance. Целью сотрудничества станет полномасштабный запуск Binance Singapore и других платформ с поддержкой фиатных валют в Южно-Восточной Азии, сообщает Reuters. дальше »
2018-10-23 13:44 | |
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September in Africa: Alibaba saves wildlife and Google Partners comes to Nigeria
Pan-African ecommerce giant Jumia may be about to launch an initial public offering (IPO), if reports are to be believed, valuing the company at around $1 billion USD. According to Reuters, Jumia, which already claims to be Africa’s first “unicorn” based on how much investment it has received, is considering a possible New York listing early next year. дальше »
2018-10-2 15:55 | |
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IPO filed in Hong Kong by Top Chinese Bitcoin Miner Manufacturer
Ebang Communication, one of the largest Bitcoin (BTC) mining hardware manufacturers in China, has filed an application for an initial public offering (IPO) with the Hong Kong Stock Exchange (HKEX) today, June 25. дальше »
2018-6-25 17:29 | |
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