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China’s blockchain project BSN to pilot global CBDC system in 2021
China is building a new system to integrate international central bank digital currencies as part of its national blockchain project, the BSN. дальше »
2021-1-16 14:49 | |
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China and Hong Kong Prepare for Cross-border Digital Yuan Testing
China’s central bank and the Hong Kong Monetary Authority (HKMA) are gearing up to conduct a pilot test of the e-yuan central bank digital currency (CBDC) system. The move further broadens the scope of the digital currency electronic payment (DCEP) with plans to introduce the currency in Macau as well. дальше »
2020-12-7 18:00 | |
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Stablecoin regulation can be U.S’s masterplan against China’s E-Yuan
The importance of this current week has been fairly downplayed. Years down the line, the global payments system might look back at this particular period and suggest that this is where it all started. дальше »
2020-9-26 23:30 | |
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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 Argues that China Needs to Be Leader in National Digital Currency Space to Shake Global Dollar Dependency
Coinspeaker PBOC Argues that China Needs to Be Leader in National Digital Currency Space to Shake Global Dollar DependencyNow China needs to establish a new payment system network to support its digital currency growth. дальше »
2020-9-21 15:14 | |
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VeChain Joins China Animal Health and Food Safety Alliance (CAFA)
VeChain has joined the China Animal Health and Food Safety Alliance (CAFA) as one of its council members and will be providing them technical and infrastructural support. The enterprise friendly public blockchain platform, VeChain will help in “building a from-farm-to-table traceability system across the entire country. дальше »
2020-9-19 20:59 | |
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China to Equip Aerospace Center with Blockchain-Based Governance System
Blockchain firm CyberVein is set to deploy a blockchain-based governance system at a new aerospace center established in China. A Promising Collaboration CyberVein revealed in a medium post on September 8, 2020 that it had partnered with the regional government of Hainan Province of China for the development of a project called “Wenchang International AerospaceRead MoreRead More. дальше »
2020-9-10 01:00 | |
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Blockchain powered ‘Smart Brain’ to govern China’s new ‘Aerospace City’
Blockchain firm CyberVein is partnering with the Chinese government to build a blockchain-powered governance system for its aerospace ‘smart city.’ дальше »
2020-9-8 06:54 | |
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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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All Aboard the Bitcoin Express Says Max Keiser on Asian Capital Flight
For investors, Hong Kong has long served as the global financial system’s friendly intermediary with China. But after a year of social upheaval, the Chinese Government has imposed a comprehensive new national security law that would reportedly grant it “semi-autonomy” until 2048. дальше »
2020-8-11 16:40 | |
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China’s Digital Currency Targets Alipay and WeChat Pay
China is dedicated to becoming the first country to roll out a central bank digital currency (CBDC). Its Digital Currency Electronic Payment (DCEP) system aims to replace all physical currency in the country, including coinage. дальше »
2020-8-5 19:05 | |
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Huawei patents blockchain storage system — so more could be on the way
A patent for a blockchain storage registered by Huawei supports China’s blockchain tech explosion... The post Huawei patents blockchain storage system — so more could be on the way appeared first on Coin Journal. дальше »
2020-7-30 12:29 | |
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Beijing Taps Blockchain Technology for Stock Trading and Custody
The Beijing Municipal Government has announced a new blockchain pilot for stock registration and custody. The distributed ledger technology (DLT) system will be used by the Beijing Equity Exchange Center which is under the purview of the China Securities Regulatory Commission, according to a press release on July 21, 2020. дальше »
2020-7-24 18:00 | |
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Ride-Hailing Startup With Over 550M Users To Conduct First Real-World Test Of China’s Digital Yuan
China’s inbound central bank digital currency will see its very first real-world test on DiDi, the ride-hailing behemoth that deemed as the Chinese version of Uber. DiDi will trial digital yuan as a payment system on its mobile transportation platform. дальше »
2020-7-9 23:16 | |
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Courts in China Are Adopting Blockchain-Based Electronic Seals to Protect Property
China has been aggressively promoting and incorporating blockchain in various private and government sectors. Now, the judiciary system is utilizing blockchain technology where Chinese courts are going to use blockchain-based e-sealing services to protect properties from being damaged. дальше »
2020-7-8 20:44 | |
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Chinese Supply Chain Innovator to Develop Blockchain System for SMEs
The Binance China Blockchain Institute has partnered with a state-level enterprise to jointly develop new digital infrastructure for small and medium enterprises in the country. дальше »
2020-7-4 14:07 | |
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Cambodia’s Central Bank Rolls Out Blockchain Payment System Whitepaper; It’s Not A CBDC
After three years of development, the Cambodian national digital currency may be out later this month, according to a recently released whitepaper. The permissioned blockchain-based payments system differs from the central bank digital currencies, also known as CBDCs, being offered by several states, including China and Russia, the paper states. дальше »
2020-6-22 21:04 | |
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The Digital Yuan will integrate easily with digital payment options like Alipay and Wechat, claims Glen Woo
China’s DCEP may cause little disruption in the country’s present financial system and still... The post The Digital Yuan will integrate easily with digital payment options like Alipay and Wechat, claims Glen Woo appeared first on Coin Journal. дальше »
2020-6-15 14:31 | |
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Digital Yuan’s (DCEP) Ability to Dominate Cash Depends on 4 Keys: Former Bank of China Pres.
China is on the brink of launching its digital yuan for commercial use as the government has already started the pilot run a couple of weeks ago. During the pilot run of the digital yuan or the DC/EP system, the government employees of 4 major cities were given digital yuan in the form of travel […] дальше »
2020-5-7 19:28 | |
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China's DCEP might be a tiered system with financial intermediaries
The Central Bank Digital Currency has been introduced by many nations across the world. China's CBDC, also known as Digital Currency/Electronic Payment [DCEP], was announced to be launched in 2020 andThe post China's DCEP might be a tiered system with financial intermediaries appeared first on AMBCrypto. дальше »
2020-4-20 15:00 | |
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IOST Becomes First Blockchain Project Advertised by Amazon AWS China
IOST’s Blockchain as a Service (BaaS) platform announced on March 20, 2020, that it has strengthened its relationship with AWS China, the global leading cloud computing platform. Amazon Sponsors IOST IOST, a China-based enterprise-level blockchain system, had already announced its launch on the Amazon Web Service (AWS) marketplace last year. дальше »
2020-3-21 18:00 | |
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Central Bank of China Pumps 300 Billion Yuan Into Financial System, Cuts Loan Rates
The Chinese government has taken multiple steps so far to contain the economic fallout from the coronavirus epidemic, including interest rate cuts and financial injections worth billions of yuan. It did it again this week, extending the monetary easing provided by the central bank. дальше »
2020-2-18 08:10 | |
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China Files 84 Patents For Central Bank Digital Currency
Reports of more than 80 digital payments-related patents filed by the People’s Bank of China (PBOC) is offering concrete proof of the country’s moves to launch a CBDC. China Serious About CBDC Issuance According to the Financial Times, China’s central bank has filed 84 patents relating to its plans to launch a digital currency electronic payments DCEP system. дальше »
2020-2-13 22:30 | |
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People’s Bank of China Injects $174M Into Economy, More Than Bitcoins Entire Market Cap
While economies all over the world are functioning at a slower pace, central banks are trying to prevent a collapse by flooding more money into their markets, with China injecting the entire Bitcoin (BTC) market cap into the system. дальше »
2020-2-3 19:36 | |
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China Central Bank Injects Entire Bitcoin Market Cap Into its Economy
There is no denying that the economies of the world are slowing down. In order to prevent a complete collapse, central banks are flooding their markets with more money, and China has just injected the entire bitcoin market cap into its system. дальше »
2020-2-3 13:00 | |
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China to use blockchain technology in its new social credit system
Following President Xi Jinping’s decision to embrace blockchain technology, different federal agencies within China stepped forward to abide by the new order. Now, several industry experts held a seminar to create an elaborate digital system of governance. дальше »
2020-1-23 01:00 | |
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China’s Overreaching Social Credit System Makes Room for Bitcoin to Shine
The Chinese government of today is known for several things, but perhaps one of the most prominent will be its consistent efforts to keep control of its people. By launching several initiatives, Beijing has gone well out of its way to ensure that it has its eyes all over the country. дальше »
2020-1-15 09:14 | |
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China Issues Digital Currency Guide for Party Cadres
Understanding a complex subject should be easier with access to educational materials. With blockchain and CBDC now part of Beijing’s political vocabulary, the Communist Party of China (CPC) has issued a guide to digital currencies meant to prepare party officials for upcoming changes in the country’s financial system. дальше »
2020-1-14 05:30 | |
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Nervos Commits $30 Million to Ecosystem Development
Nervos is giving out $30 million in grants to projects that are committed to building a decentralized community on an open-source blockchain. A Base for Development Nervos Network, a blockchain project based out of China, is preparing to fund internal blockchain development through a grant system. дальше »
2020-1-10 07:41 | |
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Why China sees blockchain as a strategic pillar for the next decade of growth
Matthew Graham is the CEO of Sino Global Capital, a team of Beijing-based investment bankers. China sees blockchain as a key strategic technology pillar critical to the next decade of growth. As it prepares to deploy a state-issued digital currency or DCEP (Digital Currency / Electronic Payment) China has a unique opportunity to take control of its monetary system. дальше »
2020-1-8 22:55 | |
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China's DCEP could be 'better way to circumvent current financial system'
2019 in the cryptocurrency space was pretty much all about Bakkt, Bitcoin's price, Facebook's Libra, and China's state-backed digital currency. While China has been up-and-running in terms of planningThe post China's DCEP could be 'better way to circumvent current financial system' appeared first on AMBCrypto. дальше »
2020-1-3 18:30 | |
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China Takes Another Step Away From USD Hegemony
The China Foreign Exchange Trade System (CFETS) announced that effective January 1, 2020, the system “will adjust weights for CFETS RMB Index,” decreasing the weighting of the USD for the second time in the currency basket’s history from 22. дальше »
2020-1-2 11:01 | |
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Bank of China Introduces Blockchain Bond Issuance System, Issues 20 Billion Yuan Bond
One of China’s largest banks has just issued a 20B yuan bond using its blockchain bond issuance system. It is the first time this system has been put to use. A leading bank in China has just used its blockchain bond issuing system for the first time. дальше »
2019-12-9 19:37 | |
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PBoC to Test Crypto Yuan with Telecom Firms, Commercial Banks
People’s Bank of China is entering another stage of its tests for a crypto payment system. The central bank announced it had completed the preliminary tests and has turned to create a testing ground with the aid of major Chinese companies and banks. дальше »
2019-12-9 12:16 | |
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Crypto Regulations Are Changing Worldwide to Comply With FATF Standards
Governments worldwide are changing the way they regulate crypto assets to comply with the global cryptocurrency standards set by the Financial Action Task Force (FATF). Some are amending existing laws, while others are creating a new system to cooperate and share data. дальше »
2019-8-12 06:45 | |
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Huawei just announced HarmonyOS, its answer to Android
Huawei just announced a new operating system called Harmony OS at its developer conference in China. The company said the HarmonyOS is a microkernel-based distributed OS for all platforms including mobile phones, wearables, laptops, and televisions. дальше »
2019-8-9 10:19 | |
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Liquidity Difficulties in China: Second Bank Bail-Out Now Reality
Although it has its peculiarities, the Chinese banking sector now faces similar challenges to the west’s financial system. Dozens of small banks have been experiencing liquidity difficulties in the past few months. дальше »
2019-8-1 13:50 | |
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How Bitcoin Is Subverting The System In China
For a lot of people in China, bitcoin is more than just a trading or investment vehicle. With the oppressive Beijing regime constantly clamping down on the lives of its people, many are turning to BTC to subvert the system. дальше »
2019-7-23 17:00 | |
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Aelf Gets Accredited: Is China Pivoting Back To Crypto?
A Chinese Government agency has provided accreditation to the decentralized cloud-computing network aelf (ELF), marking the first time a project with a cryptocurrency has received official certification by the national government. дальше »
2019-7-23 19:36 | |
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Chinese court upholds legality of Bitcoin ownership, BTC protected by China’s property laws
A court in Hangzhou, China, upheld Bitcoin’s status as “virtual property. ” The ruling reaffirms that Bitcoin is legal to own in China and indicates to holders that they will be protected by the country’s legal system in disputes. дальше »
2019-7-19 06:26 | |
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Billionaire Chamath Palihapitiya says Bitcoin Is The ‘best hedge against the traditional financial system’
The entire world is currently facing economic uncertainties following the ongoing trade wars, the most prominent one being between the United States and China. Investors are therefore seeking alternative assets to gold and the US bonds and bitcoin is gaining traction due to its capacity to maintain a fierce rally amid the harsh economic times. дальше »
2019-7-10 12:01 | |
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YAP CHAIN Receives Exclusive Rights to the Domestic Distribution and System Development of Ingenico POS Devices
Coinspeaker YAP CHAIN Receives Exclusive Rights to the Domestic Distribution and System Development of Ingenico POS DevicesOn June 8th, 2019, the YAP CHAIN Foundation announced that they have obtained exclusive Korean rights to the distribution and development of APOS A8, the best-selling Android POS (Point of Sale) system created by Ingenico (known as LANDI in China). дальше »
2019-6-13 22:22 | |
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PCHAIN to provide blockchain secure service for China Finance Certification Authority
PCHAIN, the multi-chain system which supports Ethereum Virtual Machine (EVM), today announced it has formed strategic cooperation with the China Financial Certification Authority (CFCA). The partnership will provide a digital certification service platform based on PCHAIN for various enterprises and organizations. дальше »
2019-6-11 18:07 | |
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