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Chinese President Xi Jinping Calls for “Proactive Participation” from China in Creating Global CBDC Framework

China President Xi Jinping bats for an international regulatory framework for digital currency. China Should take a Proactive Approach In an official statement released on October 31 titled ‘Issues on National Medium and Long-Term Social and Economic Strategies,’ Chinese President called for the Asian powerhouse to actively partake in creating a global regulatory framework forRead MoreRead More. дальше »

2020-11-1 14:00


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


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Central Bank Digital Currency Touted as Solution to US Economic Overhaul

Talk of a US central bank digital currency (CBDC) dominated proceedings, as the US Senate Committee on Banking, Housing, and Urban Affairs conducted a virtual meeting yesterday. The near two-hour-long hearing titled “The Digitization of Money and Payments” discussed competing with China’s CBDC offering, financial inclusion, and modernizing the current US economic model. Taking the […] дальше »

2020-7-1 15:13


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Tensions are Rising Again Between the US and China; Will This Boost Bitcoin?

The US and China are once again seeing heightened tensions amidst a new push by the Chinese government to grab power within Hong Kong The Chinese President is now noting that he feels “threatened” by comments made by the US President, and it does appear that these tensions could soon escalate further This comes as investors are largely fleeing assets that could be impacted by further economic turmoil Bitcoin could be the big winner of […] дальше »

2020-5-23 21:00


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Digital Yuan to Fuel China’s Economic Reign – McDonald’s, Starbucks, Subway Test PBoC’s Cryptocurrency

China’s economy is the second-largest in the world and economists believe the country may someday bring a new global order and end the Western hemisphere’s financial rule. In 2020, various reports show that China’s central bank will soon release a cryptocurrency that represents a digital yuan. дальше »

2020-4-25 23:05


Binance CEO Isn’t Worried About Bitcoin, Says “Demand is Increasing”

On February 17, the Dow Jones Industrial Average was near its peak at 30,000, driven by the longest US economic expansion in history. During that time, bitcoin was trading above $10,000. Over the next thirty days, the coronavirus (Covid-19) burst out of China with major outbreaks in Italy, South Korea, France, Spain, Germany, the UK, […] дальше »

2020-3-22 03:45


China's banks continue to embrace blockchain despite scalability, usability concerns

The world of regulators has been itching to regulate cryptocurrencies and device a solution to avoid any economic "threat" that comes with it. Development announcements made by countries like China, SThe post China's banks continue to embrace blockchain despite scalability, usability concerns appeared first on AMBCrypto. дальше »

2020-2-22 12:36


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Coronavirus Forces China to Sanitize Billions in Paper Money, Bitcoin Avoids Such Precautions

China’s central bank, The People’s Bank of China (PBoC), plans to sanitize billions of yuan notes in areas that are worst affected by the coronavirus. The epidemic, which has hit China’s political, economic, and education systems very hard, has pushed the nation’s authorities to take extreme actions to curb the spread of the virus. дальше »

2020-2-19 23:20


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Bitcoin Mining Stock Surges as Chinese Economy Falters

The economic fallout from the Coronavirus is starting to be felt across the world. China’s economy has been the hardest hit but contrary to wider market movements, bitcoin mining stock is rising. Bitcoin Mining Stock Surges According to a report from local media outlet 8BTC bitcoin mining hardware giant Canaan has seen its stock prices rally in recent weeks. дальше »

2020-2-14 11:00


China’s Top Private Bank Chair: Blockchain Tech Adoption Will Upgrade All Areas Of The Economy

China’s Blockchain potential could be unleashed to boost agriculture, finance and manufacturing, Chairman of Minsheng Bank states. In a report published on the Economic Information Daily, a China based publication, the Chairman of the first Bank in China to adopt blockchain technologies, Minsheng Bank, Hong Qi, said the world of blockchain, digital currencies and decentralized […] дальше »

2020-2-5 22:37


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Blockchain, 5G, and Supercity Projects to Help China Revive Economic Growth

Down but not out — that’s the state of the Chinese economy as it stands today amidst the prolonged trade war against the United States. Despite all the challenges, the communist regime under President Xi Jinping remains committed to going a step up in the rankings to make China the largest economy in the world, […] The post Blockchain, 5G, and Supercity Projects to Help China Revive Economic Growth appeared first on BeInCrypto. дальше »

2019-12-25 03:26