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Golden Week: China Sees Boost in Consumption Following Its Week-Long Holiday
Coinspeaker Golden Week: China Sees Boost in Consumption Following Its Week-Long HolidayThe growth trend with respect to consumption in the People’s Republic of China has skyrocketed following its week-long holidays. дальше »
2020-10-12 15:27 | |
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China’s Digital Currency Has Been Used in 3 Million Transactions Worth Over a Billion Yuan So Far
China’s central bank digital currency has been used in 3. 13 million transactions worth about 1. 1 billion yuan ($162 million) so far, the People’s Bank of China’s deputy governor has reportedly revealed. дальше »
2020-10-8 03:15 | |
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China’s Digital Currency Pilot Project (DC/EP) Hits Over $160M (1.1B Yuan) In Transaction Volume
First reported by the South China Morning Post, the People’s Bank of China deputy governor, Fan Yi Fei, speaking at a SWIFT-organized virtual conference, Sibos 2020, stated massive progress in the digital currency and electronic payments (DC/EP) pilot projects. дальше »
2020-10-7 22:35 | |
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People’s Bank of China (PBoC) Testing Digital Yuan (DCEP) for Credit Card Payments
China has been aggressively developing its central bank-issued digital currency (CBDC), popularly known as digital yuan. As per the latest reports, the People's Bank of China is currently running a pilot project to test the use cases of its digital yuan for card payments, fees, credit card payments, and more. дальше »
2020-9-24 05:17 | |
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China Blacklists Crypto OTC Trading Desks With A Five-Year Banking Ban As Punishment For Illegal Acts
Bitcoin over-the-counter (OTC) traders could be facing up to a five-year ban on their banking accounts in China, local reports state. The central bank, People’s Bank of China (PBoC), is heavily cracking down on money laundering activities and is blacklisting several OTC trading desks dealing in cryptocurrencies. дальше »
2020-9-24 22:55 | |
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The People’s Bank Of China Just Delivered A Death Blow To Local Crypto OTC Dealers
Cryptocurrency over-the-counter (OTC) merchants in China have an existential challenge ahead. The central bank of China, the People’s Bank of China, is blacklisting the accounts of OTC traders in the region in its recent crackdown efforts. дальше »
2020-9-25 20:46 | |
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People’s Bank of China: issuing CBDC is a new global 'battlefield'
An article published in China Finance, a magazine run by the People’s Bank of China (PBOC), stated that China had to become the first nation to issue its digital yuan to “reduce its dependence on The post People’s Bank of China: issuing CBDC is a new global 'battlefield' appeared first on AMBCrypto. дальше »
2020-9-21 22:00 | |
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China Should Seize the ‘First Mover’ Advantages of Launching A CBDC: PBoC
China should aim at becoming the first country to issue digital currency as part of its efforts to internationalize the yuan and lessen its over-dependence on the world’s dollar-dominated payment system, the People’s Bank of China (Chinese central bank) said. дальше »
2020-9-22 19:38 | |
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PBOC commentary: China must be the first to issue CBDC
The People’s Bank of China (PBOC) recently published a commentary in which it noted that China must be the first nation to launch the CBDC. The goal has not changed — China aims to offer its digital yuan and internationalize its own currency. дальше »
2020-9-22 13:12 | |
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China’s DCEP Trials Restricted to Micro-Transactions, Says Central Bank
China’s central bank has denied rumors of its planned digital currency electronic payment (DCEP) system being used for large value transactions. The People’s Bank of China (PBoC), is currently coordinating central bank digital currency (CBDC) trials across several cities in the country. дальше »
2020-8-25 19:22 | |
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China’s Digital Yuan Testing Limited to Small Scale Transactions, PBOC Says
Coinspeaker China’s Digital Yuan Testing Limited to Small Scale Transactions, PBOC SaysThe People’s Bank of China (PBOC) has clarified the spreading rumors that the testing of its DCEP involves large cash transactions. дальше »
2020-8-25 17:50 | |
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PBoC Says Digital Yuan Tests Focus on Small Transactions After Rumored Property Sale
The People's Bank of China has apparently played down rumors of a house sale settled with its in-the-works digital currency. дальше »
2020-8-24 12:47 | |
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Chainalysis: $50 billion was moved from China using cryptocurrencies
Over the past year, more than $50 billion in cryptocurrencies was moved from digital wallets in China to other jurisdictions, according to the latest Chainalysis report. Chinese people use cryptocurrencies to bypass financial cross-border controls. дальше »
2020-8-23 14:29 | |
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China will demo its digital currency in major cities
The People’s Bank of China has approved the deployment of its Digital Currency Electronic...
The post China will demo its digital currency in major cities appeared first on Coin Journal.
дальше »2020-8-17 11:43 | |
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27 Prime Suspects In $5.8 Billion Plus Token Ponzi Scheme Arrested In China
China’s top police force Agency, from the ministry of public security, has arrested 27 key suspects deemed responsible for running the 40 billion yuan ($5.8 billion) Plus Token Ponzi Scheme. The arrest brings to 109 the number of people linked to the pyramid scheme after police investigations tracked down and arrested 82 more thought to […] дальше »
2020-7-30 17:41 | |
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100 Key Members of PlusToken Arrested, $2 Billion Scheme Disbanded
PlusToken’s core members have been arrested in China, and the scheme has been completely demobilized, says a report from Cailian News. The report claims over 100 people were arrested by... дальше »
2020-7-30 14:09 | |
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China’s Supreme People’s Court Releases Guidelines On Protection Of Digital Assets As Property
China’s Supreme People’s Court and the National Development and Reform Commission (NDRC) released a joint statement on the expansion of property rights around various items, including virtual property, data, and digital currencies. дальше »
2020-7-23 20:16 | |
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China’s Testing its CBDC on Tencent-backed Food Delivery Giant
The People’s Bank of China is now planning to test its state-backed digital currency on the Tencent Holdings backed food delivery giant Meituan Dianping, just days after the reports came that DiDi Cuxing, the Chinese equivalent to Uber will be piloting the DC/EP. дальше »
2020-7-15 21:31 | |
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China’s Giant Ride-Hailing Service Didi to Pilot the Central Bank’s Digital Yuan
The Chinese government and the country’s central bank, the People’s Bank of China (PBoC), are currently in the midst of testing a digital yuan or central bank digital currency (CBDC). Now the Chinese ride-hailing corporation Didi Chuxing will be trialing the newly developed digital yuan in a “strategic partnership. дальше »
2020-7-9 16:20 | |
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Chinese Transportation Giant Didi Chuxing to Trial DCEP
Didi Chuxing Technology Co. , China’s leading mobile transportation firm founded by Cheng Wei in June 2012, has announced that it has joined forces with the Digital Currency Research Institute of the People’s Bank of China (PBoC). дальше »
2020-7-9 21:00 | |
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China Mobile Communications Association Recognizes IOST’s Aiou Tech & Alipay as “Outstanding Blockchain Programs” in Tackling COVID-19
China Mobile Communications Association (CMCA), a national social organization approved by the State Council of the People’s Republic of China recently selected IOST’s Enterprise Edition – Aiou Technology along with mobile payments giant Alipay as “Outstanding Blockchain Programs” for aiding in the battle against the COVID-19 pandemic. дальше »
2020-7-9 17:35 | |
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Digital Yuan’s Backend Development Complete, Says Chinese Official
A former senior official of the People’s Bank of China said that the country has completed the backend architecture development of its digital currency. дальше »
2020-6-22 13:50 | |
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Ousted Bitmain Co-Founder Halts Antminer Shipments
Reports are emerging from the People’s Republic of China that Bitcoin mining giant, Bitmain, is delaying shipments of the firm’s popular Antminer rigs. The news was revealed by the head of marketing at Hashkeyhub, Molly [@molllliy], on her Twitter account, citing a translation from Weibo, China’s leading microblogging portal. дальше »
2020-6-16 16:43 | |
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CBDCs May Be A Tailwind for Bitcoin and Further ‘Accentuate’ its Role in the Global Digital Economy
People’s Bank of China is gearing up for the launch of their Central Bank Digital Currency (CBDC) in 2020 and nearly all central banks of advanced economies, from the Fed, ECB to BoE, and BoJ, are actively analyzing the prospect and impact of such currencies. дальше »
2020-5-29 20:03 | |
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PBC Governor says China has no launch timetable for the Digital Yuan
The People’s Bank of China has reiterated that the Digital Yuan is still at the testing phase and there is no set timetable for the official launch The Governor of the People’s Bank of China (PBC) Yi Gang has reportedly told a panel at a meeting that the country’s move towards launching a central bank-issued […] The post PBC Governor says China has no launch timetable for the Digital Yuan appeared first on Coinjournal. дальше »
2020-5-27 20:07 | |
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‘There Is No Timetable For Launch of Digital Yuan’, Says Governor of China’s Central Bank
The governor of the People’s Bank of China (PBOC) Yi Gang, has put a damper in the general idea that China will launch its national digital currency soon. According to Gang, there is currently no plan at all for an official launch of a digital yuan. дальше »
2020-5-27 19:19 | |
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China’s National People’s Congress (NPC) Suggests a Government-Backed Blockchain Fund
The National People's Congress (NPC) in China has proposed the creation of a government-backed blockchain fund in its ongoing annual meeting. The Chinese legislative body began consultative meetings last week as part of its political advisory role. дальше »
2020-5-26 17:37 | |
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U.S. Sanctions against China Tailwind for Bitcoin’s Bullish Moves
Bitcoin anticipates market growth as White House National Security Advisor Robert O’Brien threatens China with economic sanctions over Hong Kong national security law. The warning could lead the People’s Bank of China to devalue yuan that, according to Naeem Aslam of AvaTrade, could prove disastrous for all currencies. дальше »
2020-5-25 07:53 | |
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People’s Bank of China Pledges to “Accelerate” Blockchain Development, Boost Local Industry
The Financial Technology Committee of the People’s Bank of China, the country’s national bank, held a meeting this week exploring blockchain technology and making decisions for its regulation within the country. дальше »
2020-5-15 19:00 | |
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China’s Central Bank Wants to Speed Up Blockchain Adoption
Officials from the People’s Bank of China push to accelerate adoption of the country’s Fintech Development Plan.
дальше »2020-5-14 00:30 | |
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Bitcoin Is a Digital Asset Says Intermediate People’s Court in China
A court dispute between an international couple and four Bitcoin robbers has come to an end.
дальше »2020-5-7 00:45 | |
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Chinese Kennel Owner Caught Stealing Electricity to Power Underground Bitcoin Mining Farm
The largest oil field in the People’s Republic of China has been a target for individuals and organizations attempting to mine bitcoins with free electricity. After a bunch of mining farm operators allegedly got caught last summer, a dog kennel owner was recently busted for running cable lines in order to siphon free electricity from […] The post Chinese Kennel Owner Caught Stealing Electricity to Power Underground Bitcoin Mining Farm appeared first on Bitcoin News. дальше »
2020-4-30 19:39 | |
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China: State-Owned Bank Agricultural Bank of China Begins Testing CBDC
Agricultural Bank of China (ABC), one of the “Big Four” financial institutions controlled by the government of the People’s Republic of China (PBoC), has launched a mobile application for testing the nation’s central bank digital currency (CBDC) dubbed DE/CP. дальше »
2020-4-15 21:00 | |
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CBDCs vs Digital assets: crypto-assets are private, CBDCs are sovereign in nature
Many central banks including the People's Bank of China (PBoC), Bank of Canada, Bank of England, Bank of Japan, ECB, the Sveriges Riksbank, and Swiss National Bank are working toward releasing their oThe post CBDCs vs Digital assets: crypto-assets are private, CBDCs are sovereign in nature appeared first on AMBCrypto. дальше »
2020-4-14 00:00 | |
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Why other nation-states consider China's development of a CBDC to be provocative
"That's one small step for man, one giant leap for mankind." The immortal words of Neil Armstrong, the first man to walk on the moon, are etched in history. However, while most people remember his woThe post Why other nation-states consider China's development of a CBDC to be provocative appeared first on AMBCrypto. дальше »
2020-4-13 17:00 | |
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China’s PBoC Places Central Bank Digital Currency Development As Top Priority
Reports have surfaced that China’s Central Bank has made strides towards realizing their Central Bank Digital Currency (CBDC). In a virtual meeting by the People’s Bank (PBOC) top brass, whose focal point seems to be the discussion around the ongoing developments of China’s digital Yuan. дальше »
2020-4-6 17:22 | |
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China Moves Closer to Issuing its Digital Currency in the Face of Coronavirus: Report
The People's Bank of China is getting nearer to releasing its digital currency, reports The Global Times. According to the latest report, China’s central bank in collaboration with private companies has completed the development of the basic function of the autonomous digital currency and is now drafting laws for its circulation. Many companies in the […] дальше »
2020-3-24 18:23 | |
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PBoC Secures $4.7M Funding for its Blockchain Trade Finance Platform From Chinese Govt
The People’s Bank of China (PBoC) has secured a funding of 32. 5 million yuan ($4. 7 million) for its blockchain trade finance platform for key research and development projects. The country’s central bank has been spearheading this platform that was launched in Sept. дальше »
2020-3-10 22:09 | |
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China has suspended the development of its own cryptocurrency due to coronavirus
The Central Bank of China was forced to postpone the development of the digital yuan, the state cryptocurrency of China, which was planned in the first quarter of 2020. “The coronavirus outbreak has led to postponed work resumption in government institutions, including the People’s Bank of China (PBC). дальше »
2020-2-27 21:43 | |
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China’s Central Bank Clarifies It Does Not Want to Convert All Traditional Payments to Blockchain
The Digital Currency Research Institute within the People’s Bank of China has issued a statement further complicating our expectations for blockchain adoption in the country. There has been consistent media buzz surrounding China’s reorientation towards blockchain as an official state policy. дальше »
2020-2-22 11:18 | |
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Opinion: digital renminbi will not have impact on cryptocurrency market
The eToro analyst believes that the digital yuan, which the People’s Bank of China plans to issue, is unlikely to affect the cryptocurrency market in the long term. The project launch is expected in the fall of 2020. дальше »
2020-3-1 14:58 | |
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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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