2020-10-12 18:56 |
Chris Larsen said China's "itching" to be the one that designs the next financial system and that the U.S. is "woefully behind." origin »
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“The battle to prevent and resolve major financial risks has achieved important phased results,” reads the translated version of the China Financial Stability Report 2021 from the country’s central bank.
2021-9-4 19:57 | |
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Bitcoin has faced so many hitches in the short time it has existed. Countries like China and Russia have imposed draconian laws that prohibit the use of the cryptocurrency. As if that weren’t enough, renowned economists and corporations have come out criticizing bitcoin and its ability to thrive in the future. Moreover, most investors across […]
2020-9-29 23:42 | |
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Ant Group, a leading provider in the development of open platforms for technology-driven inclusive financial services, and the parent company of China’s largest digital payment...
2020-9-26 18:44 | |
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China's central bank aims to challenge the global financial status quo.
2020-9-21 11:58 | |
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Conflux Network, a state-endorsed public, permissionless blockchain project out of China, today has announced a strategic technical partnership of its cross-chain protocol with ICON Foundation, the catalyst of the largest blockchain network in South Korea powering numerous decentralized applications run by enterprises, government, and financial institutions.
2020-9-15 16:20 | |
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Co-founder and Executive Chairman of Ripple blockchain payments network Chris Larsen is calling on the US to collaborate with blockchain and cryptocurrency developers or risk losing the global financial war to China.
2020-8-25 22:35 | |
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China and Russia are collaborating to reduce their dependence on the U.S. dollar. Trade settlements in USD between the two countries have fallen below 50% for the first time. De-dollarization in Russia and China The dollar’s share of trade between Russia and China was only 46% of settlements in the first quarter, the Financial Times […] The post Russia and China De-dollarization Approaching ‘Breakthrough Moment’ appeared first on Bitcoin News.
2020-8-21 00:30 | |
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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.
2020-8-23 14:29 | |
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Nigerian entrepreneurs are increasingly using bitcoin as a way to trade internationally, noting its significant benefits over legacy financial systems.
2020-8-13 10:00 | |
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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.
2020-8-11 16:40 | |
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Hong Kong investors are moving their gold offshore as China’s new national security law prompts fears of financial censorship. Some 10% of private holdings have been moved to safer jurisdictions such as Singapore and Switzerland since the beginning of protests in Hong Kong last year.
2020-8-10 10:30 | |
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The Nasdaq-listed company that allegedly used 83 tons of fake gold bars as collateral to secure loans worth about $2 billion from multiple financial institutions in China is now in default and facing several class-action lawsuits.
2020-8-10 22:30 | |
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A former vice president of the Bank of China has argued digital currency should replace fiat in the nation's financial systems.
2020-8-4 13:27 | |
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China's new digital currency and Blockchain Services Network are part of a national plan to escape U.S. financial hegemony.
2020-7-24 18:49 | |
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The World Investment Forum will be held in Busan, South Korea in October 2020. Numerous influential figures from around the world will be in attendance. According to the Eulogian Foundation, Hong Kong, an Asian financial hub, has recently lost its status as financial hub due to various issues between the U.S. and China surrounding the Hong […]
2020-7-24 18:16 | |
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France is once again front-running the EU in digital currency matters as the Bank of France gets ready to run central bank digital currency (CBDC) experiments. With China’s accelerated CBDC development, stakeholders in other major economies are calling for their respective central banks to begin developing sovereign CBDCs asap.
2020-7-21 23:14 | |
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The U. S Senate sanctions that were passed in response to the Hong Kong security law might affect crypto brokerage operations. Dubbed the ‘Hong Kong Autonomy Act,' this senate bill aims to reprimand China for eroding the city's autonomy, which had long favored its position as a financial hub.
2020-7-9 21:46 | |
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The Financial Action Task Force (FATF) has a new president as Germany took over the presidency from China. The intergovernmental organization also highlighted the need for more guidance on cryptocurrencies as many countries have not yet fully implemented its revised crypto standards.
2020-7-5 23:15 | |
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The gold industry has been shaken after it was discovered that 83 tons of fake gold bars have been used as collateral for loans worth 20 billion yuan from 14 financial institutions to a major gold jewelry manufacturer in Wuhan, China.
2020-7-1 17:10 | |
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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 […]
2020-7-1 15:13 | |
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Issues such as financial inclusion and competition with China propelled a hearing on digital dollars before the U.S. Senate today.
2020-7-1 18:44 | |
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Chainlink is back to recording gains, up nearly 12% on the back of partnership with China’s national Blockchain Services Network. The recently launched BSN will be integrating the Chainlink oracle function to its network that enables governments and enterprises to incorporate real-world data such as IoT data, weather, location information, and financial asset prices into […]
2020-6-23 20:25 | |
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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.
2020-6-15 14:31 | |
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China’s Poolin is bolstering its cryptocurrency lending business. The firm announced a partnership with BlockFi, the U. S. -based lending firm late on June 2, 2020. Bitcoin Liquidity for Miners As reported on Coindesk, Poolin’s mining business will now expand to include more lending and financial services.
2020-6-3 18:07 | |
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Крупнейший портовый оператор Китая China Merchants Port заключил партнерство с подразделением торгового гиганта Alibaba Ant Financial для разработки платформы на базе блокчейна. Платформа будет использоваться для полного спектра операций, с которыми сталкиваются морские порты.
2020-6-1 10:07 | |
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When Libra was announced back in 2019 with financial inclusion [banking the unbanked] as its main vision, it created fear among the central banks. As Libra made the headlines across various countries The post Is Bitcoin likely to lose out as the Libra 2.
2020-5-26 00:00 | |
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Финансовая администрация китайской провинции Сычуань выпустила уведомление подконтрольным ведомствам с требованием об «упорядоченном прекращении майнинговой активности». The Financial Administrative of the #Sichuan providence of #China has issued a notice to its subordinate offices ordering them to “guide mining entities to end their mining activities in an orderly manner”.
2020-5-23 14:12 | |
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China's government is attempting to tame Hong Kong as it faces financial strain from the economic consequences of the pandemic. The post 3 Reasons Why China’s Virus-Era Flex to Tame Hong Kong Will Fail appeared first on CCN.com
2020-5-16 13:02 | |
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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.
2020-5-15 19:00 | |
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Research fellow Martin Chorzempa argued during Consensus that China’s blockchain strategy is entirely focused on domestic objectives.
2020-5-13 18:58 | |
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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.
2020-4-25 23:05 | |
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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.
2020-4-20 15:00 | |
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China is bringing together its tech giants to create a national blockchain committee with the primary goal of setting standards for the adoption of blockchain in the country. The national committee will include a few big names in China’s tech sector including Huawei Technologies, Tencent Holdings, Baidu, Ant Financial Services, and JD.
2020-4-18 16:10 | |
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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.
2020-4-15 21:00 | |
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China’s Digital currency might be integrated with the country’s financial ecosystem sooner than expected despite the COVID-19 pandemic. This is after one of its state-owned banks – Agricultural Bank of China (ABC) – released an application that accommodates the prospective central bank currency, DC/EP.
2020-4-15 17:18 | |
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Despite the coronavirus pandemic and the resulting financial crisis, at least 10 countries have made announcements regarding cryptocurrency regulation since our last regulatory roundup. They include Japan, Malaysia, Singapore, China, Spain, Germany, India, the Philippines, the U.
2020-4-6 08:30 | |
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Blockchain-based Service Network (BSN), the distributed ledger technology (DLT) platform being developed by the Chinese government in conjunction with tech firms and financial institutions will finally be launched by next month.
2020-3-24 00:00 | |
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China’s major commercial bank, China Everbright Bank, has deployed a blockchain-based supply chain finance solution by Ant Financial
2020-3-18 19:16 | |
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Keeping the focus on blockchain development, banking authorities in China have issued a set of rules pertaining to the secure application of crypto-related technologies in the financial sphere. The new standards, the first of this kind, are to guide the work of developers and service providers operating in the industry.
2020-2-26 08:45 | |
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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.
2020-2-18 08:10 | |
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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.
2020-2-13 22:30 | |
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In his testimony before the House Financial Services Committee, Federal Reserve Chairman Jerome Powell answered a number of questions regarding digital currencies. While stating that “a ledger where you know everybody’s payments” is not a problem in China, he believes it is not attractive for the U.
2020-2-13 16:50 | |
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Coinspeaker Coronavirus is the Biggest Market Threat Right Now as China Death Toll Tops 900One of the Wall Street bulls Edward Yardeni believes that there is currently no bigger threat to the financial market right now than the coronavirus outbreak.
2020-2-10 16:43 | |
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The Communist Party of China (CPC) is desperate to stop the coronavirus outbreak from negatively impacting its financial markets, but it is running out of options. The post China’s Government Fails to Stop Coronavirus from Infecting Stock Markets appeared first on CCN.com
2020-2-3 11:42 | |
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Coinspeaker Deutsche Bank Claims Cryptos Won’t Replace Cash But Could Be Mainstream in 2 YearsAccording to the latest research done by the Deutsche Bank, it is possible that crypto may break into the mainstream financial world in two years as India and China encourage blockchain adoption.
2020-1-28 14:20 | |
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The latest research on “The Future of Payments,” by Deutsche Bank titled “Part I. Cash: the Dinosaur Will Survive … For Now,” talks about the existence of cash even though there would be a transition to the digital payments.
2020-1-26 22:39 | |
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Coinspeaker Coronavirus: Global Financial Markets Panic as China Locks Down 40M PeopleThe effects of the coronavirus in China are already being felt in the world's financial markets.
2020-1-25 17:50 | |
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Coinspeaker Coronavirus Could Kill Financial and Tourism Sectors in China while First U. S. Case RecordedThe coronavirus may become a serious threat for the economies of China, Hongkong and the U.
2020-1-22 17:07 | |
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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.
2020-1-14 05:30 | |
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Tether has announced the expansion of its USDT token to an eighth blockchain.
The FMA reports two-thirds of the investment fraud reports filed in 2020 were related to cryptocurrency and digital currency trading products.
This is the second bitcoin ETF approved to trade in Canada.
Geely will own 80% of the venture while Concordium will own the rest.
Gates has previously criticized cryptocurrencies and said he'd short bitcoin "if there was an easy way to do it."
A new tie-up with payments firm Klarna brings the exchange access to more than 5,000 banks across Europe.
Local firm Bitcoin Suisse has partnered with the canton of Zug, converting cryptocurrency tax payments into Swiss francs.