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China Will Airdrop Digital Yuan to Boost Locked Down Economy
China’s Shenzhen district will distribute 30 million digital yuan via red envelopes through a lottery program in a bid to boost the local economy which has been affected by lockdowns. The post China Will Airdrop Digital Yuan to Boost Locked Down Economy appeared first on BeInCrypto. дальше »
2022-5-30 13:30
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China’s Central Bank Launches Major Crypto Crackdown in Shenzhen
The crackdown on cryptocurrencies appears to be gaining steam in China. Local reports state that the Shenzhen branch of the People’s Bank of China (PBOC) has cleansed 11 companies for their illegal cryptocurrency activities. дальше »
2021-8-18 15:00
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Chinese-Backed BSN reveals Plans to Develop a Universal Digital Payment Network
Chinese backed blockchain project BSN has revealed plans to pilot the adoption of a global CBDC system in 2021. Central Bank Digital Currencies (CBDC) was the major talk in 2020 and it appears that the push will be greater this year. дальше »
2021-1-16 23:00
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State-Backed Agricultural Bank of China Launches the First Digital Yuan ATMs
The Agricultural Bank of China (ABC), one of China’s “big four” banks, is embarking on a pilot program to enable the first digital yuan ATMs. The banking institution deployed the first machines in selected branches in Shenzhen. дальше »
2021-1-13 00:30
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Chinese Lottery Winners to Receive Free Digital Yuan
The central bank digital currency, or CBDC, is a permissioned, state-run cryptocurrency that allows China to track the spending habits of its yuan users. It can also adjust inflation rates and even block citizens from accessing their accounts. дальше »
2021-1-5 21:51
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Shenzhen Airdrops $3 Million Worth of Digital Yuan in Third CBDC Test
Popular Chinese city Shenzhen’s government had announced on New Year’s Eve that their plan to distribute $3 million worth of digital yuan to local residents, in China’s third Central Bank Digital Currency (CBDC) tests. дальше »
2021-1-6 20:00
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China Trials Central Bank Digital Currency with $1.5 Million in Handouts
China continues to push on with its central bank-issued digital currency trials. The latest initiative saw 50,000 citizens receive the digital yuan to use at real-world retailers. The government of the tech hub region of Shenzhen sent out a total of almost 10 million yuan (~$1. дальше »
2020-10-14 14:36
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Doubts Surface Over China Central Bank Currency Plan
People’s Bank of China may be ready with the top-level rules for its hypothetical state-backed digital asset, but doubts are still surfacing over the project’s wider application. China Central Bank Currency Meets Fresh Skepticism The central bank has announced it will “continue its solid study on the digital currency and keep monitoring the latest development of digital currency initiatives around the world,”reported Ejinsight. дальше »
2020-1-15 18:30
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China: Digital Currency Experiments and Research to be Headed by Shenzhen
Shenzhen will be the testing grounds for China’s fascinating digital currency ambitions, this according to a central government document. As reported by Beloit Bulletin, September 30, People’s Bank of China (PBoC) plans to launch a significant research effort pertaining to the development of China’s national digital currency and others with hopes of fostering significant urbanRead MoreRead More. дальше »
2019-9-30 19:00
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Yu Bao on the Blockchain Economy: Centralized Regulation in Conflict with “New Ecosystem”
China’s bustling blockchain efforts and the future of its digital economy were up for discussion in an interview with Yu Bao, conducted by SupChina, April 25, 2019. Bao is a prominent blockchain/crypto advocate with a huge tech background, he is also the founder of TokenMind, Blockchain 20 Forum, as well as innovation and investment center,Read MoreRead More. дальше »
2019-4-27 09:00
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China Hasn’t Banned Bitcoin: Shenzhen Court Permits Crypto Transactions
When Bitcoin was debuted in October of 2008, the world’s first cryptocurrency was slow to garner traction. At the time, only the most eccentric internet users were willing to allocate capital, time, and brain power to bolster the development efforts of the Bitcoin Network, the first true blockchain/decentralized database. дальше »
2018-10-26 12:43
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