2019-7-11 16:22 |
China should revamp its plan for a national digital currency in the face of Facebook's Libra cryptocurrency, says the central bank's former head.
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The powers that be in China seldom listen to advice from any outsiders. One former central banker, however, thinks that global cooperation is needed, especially in response to Facebook’s Libra. China has fast-tracked the development of its central bank digital currency (CBDC), primarily over fears that Facebook could dominate if it gets there first.
2020-1-28 17:10 | |
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China is setting the wheels in motion to reduce the dominance of the US dollar. According to a recent report, it was revealed the Asian country was looking to amplify usage of its native fiat curreThe post China's CBDC already holds advantage over PayPal, Libra appeared first on AMBCrypto.
2019-12-7 00:30 | |
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Mu Changchun, the Deputy Director of the People’s Bank of China (PBoC) has taken to De Dao, a popular Chinese education app to enlighten the masses on cryptocurrencies, including Facebook’s Libra altcoin and China’s Digital Currency Electronic Payment (DCEP) system, reports Forkast on November 18, 2019.
2019-11-18 20:00 | |
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Facebook’s Libra may be facing multiple threats from regulators, but the same critics are now racing to beat the social media giant at its own game. Experts: Chinese Libra May Come First The US, China and European Union are all concerned about Facebook’s digital currency.
2019-8-23 18:00 | |
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China in Love With Crypto… And Libra Don’t ask us why, but Libra is trending in China. Yes, China. Despite the fact that Facebook is vehemently verboten in the nation, which has also blocked most. .
2019-7-18 19:30 | |
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China has emerged as a perhaps surprising leader when it comes to public interest in Facebook's Libra cryptocurrency project.
2019-7-18 13:00 | |
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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.
2019-7-11 02:30 | |
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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.
2019-7-10 18:37 | |
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Facebook's plans to launch Libra force China to accelerate work on its own cryptocurrency, said the representative of the People's Bank of China.
2019-7-13 16:38 | |
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The announcement of Libra marked the beginning of the strategic pulse involving players from the world of crypto and fintech while attracting the attention and alarms of important actors in global geopolitics such as the U.
2019-7-9 09:29 | |
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The Chinese central bank is developing its own digital currency in response to Facebook’s forthcoming Libra stablecoin
2019-7-9 22:16 | |
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At Peking University’s Institute of Digital Finance, Wang Xin, head of the research bureau at the People's Bank of China, noted that mass adoption of Facebook's Libra cryptocurrency could ramp up development of China's own national digital currency.
2019-7-9 18:49 | |
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China's central bank could hasten development of its digital yuan to counter the threat posed by Facebook's Libra cryptocurrency, an official says.
2019-7-9 17:00 | |
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China has the digital wall allowing Weibo to dominate. However, analysts are worried of Facebook's marketing prowess as they front Libra. The post China Feels the Facebook (Libra) Threat notwithstanding the Digital Wall appeared first on Ethereum World News.
2019-6-27 17:15 | |
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Multiple Chinese internet company have discussed avoiding cryptocurrency, amid announcement of Facebook’s Libra initiative. Blockchain technology is still a subject of interest for the Chinese economy.
2019-6-20 04:24 | |
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Libra Elicits Support from Crypto Diehards to Chinese Businessmen Facebook’s Libra, a to-be-launched crypto asset to be backed by a blockchain, has drawn support from all across the globe. Everyone from mainstream media and Bitcoin.
2019-6-20 03:00 | |
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By CCN Markets: The China Ledger quoted Pony Ma (Ma Huateng) as saying that blockchain technology is mature, but regulation needs to allow for it. Binance CEO Changepeng Zhao took the opportunity to expand on the idea including the government’s role in crypto.
2019-6-19 20:35 | |
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Despite overarching suspicion in the west, Facebook’s Libra ‘cryptocurrency’ does seem to be finding some love in China. Facebook Launches A Titanic White Elephant So Facebook’s much-vaunted ‘cryptocurrency, Libra, launched with great fanfare yesterday, but left many feeling decidedly unimpressed.
2019-6-19 17:00 | |
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According to BCA Research, generating large bullish "credit impulses" is now a tough task for China.
People’s Bank of China governor Pan Gongsheng announced a cut to the amount of money banks must hold in reserve, taking it to the lowest level since 2020.
The risk-off mood is probably the market's way of telling China that rate cuts of 10 basis points are not enough to spur the slowing economy.
Huang Yiping has expressed concerns about China missing out on financial development opportunities following the nation's ban on cryptocurrencies.
According Xie Ping, to a former official of the People's Bank of China (PBoC), the Digital Yuan is underused by the Chinese.
Coinspeaker Former PBoC Official Slams e-CNY as Being Underutilized The Chinese government designed the e-CNY as a digital payment instrument that can serve as a substitute for the fiat yuan in regular day-to-day activities.
According to a top central bank official, China will extend the reach of its ongoing digital renminbi trials to include the entirety of several of its most populous and advanced regions by the end of the year. e-CNY Set To…