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The Impending Dangers of China’s Digital Yuan And Why it Poses Zero Threat to Bitcoin

Of the nearly 80 countries currently interested in developing Central Bank Digital Currencies (CBDCs), China is the clear leader. China, one of the first countries to show interest in CBDCs, has also announced its plans to be using its CBDC, the digital Yuan, by the time the Olympics come around in February 2022. The People’s […] дальше »

2021-7-28 23:39


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Shenzhen’s Digital Yuan Test Records Massive Success

The government of Shenzhen, China, has announced via a WeChat post that its digital yuan test exercise, which went live on January 7, this year, has recorded massive success, as residents have used the central bank digital currency in nearly 140,000 transactions during the testing operation, reports TheBlock on January 18, 2021. China’s CBDC GainingRead More дальше »

2021-1-20 00:00


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. дальше »

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 […] дальше »

2020-8-17 17:06


Фото:

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, […] дальше »

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 […] дальше »

2019-12-23 19:11


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 […] дальше »

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. дальше »

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. дальше »

2019-7-26 14:02


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‘Libra vs Alipay, WeChat’ Trending High on Chinese Search Engine

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. дальше »

2019-7-18 15:00


Bitcoin’s meteoric rise, Facebook’s Libra will have China accelerate its digital currency project

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. дальше »

2019-7-11 02:30


Facebook’s Libra Is The Push Behind China’s Latest Move To Develop Its Own Digital Currency

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. дальше »

2019-7-10 18:37