China is making pace with the release of CBDC, testing infrastructure prior to adoption
The yuan is not considered to be a major currency. Could the digitization change that? China is breaking new ground in and beyond the Shenzhen...
Government Agricultural Bank of China Opens the First Digital Yuan ATM
The Agricultural Bank of China (ABC), one of China's "big four" banks, is launching a pilot programme to enable the first digital Yuan ATMs. The...
China Coin No More: Bitcoin Mining Shifting to Sweden and Norway
Nordic Bitcoin miners are thriving amid the ongoing bull run The Bitcoin mining market in the middle of a major shift that barely anyone talks...
Chinese State Media Acknowledges Bitcoin’s “Outshining” of Gold, Bull Run Coming?
In an interesting development, the Chinese state-run media CCTV has publicly acknowledged Bitcoin’s “outshining” of Gold. Well, this has led to a renewed optimism about...
China: Nearly 20,000 transactions via digital yuan on JD.com in Suzhou city
At 8 PM Beijing time on Friday, more than $3 million dollars in digital yuan was airdropped to 10 thousand residents of Suzhou. The lucky...
China Airdrops Digital Yuan Worth $3 Million — 10,000 Stores Will Accept It
Twenty million yuan ($3 million) in China’s central bank digital currency will be given away to 100,000 people in the country’s largest test of the...
Hong Kong in Talks With PBOC on Digital Yuan Trial for Cross-Border Payments
(Lee Yiu Tung/Shutterstock) Hong Kong Monetary Authority (HKMA), the city’s central banking institution, said it is working with the People’s Bank of China (PBOC) to...
Is “Digital Yuan” China’s Weapon to Rule Global Markets?
The advent of cryptocurrencies like Bitcoin as a mainstream investment market and a reliable payment gateway has forced governments around the globe to take...
Though centralized, a digital yuan is too big for China to surveil, says Cypherium CEO
Despite ambitions of overtaking the dollar, China's central bank will have a hard time monitoring all the transactions involved in a CBDC, though commercial banks...
Chinese Authorities Seize Laundered Funds from PlusToken
One of the most prominent scams in the history of the crypto space is the PlusToken scam. However, when it comes to crackdowns, authorities seem...
Chinese Tech Group Behind TikTok Looks to Enter Finance
Chinese multinational tech group ByteDance is seeking a virtual banking license in Singapore as a means of entering digital finance. ByteDance, the Beijing-based multinational tech...
Bitcoin Miner Maker Canaan’s Stock Hits Record Low 1 Month After Halving
Chinese crypto mining machine maker Canaan saw its stock price closed at $1.98 per share, the first time since its initial public offering at a...
Zoom Aids China’s Government in Censoring Specific Content
During the COVID-19 pandemic, virtually the entire world has turned to online communication tools and software. Zoom is by far the most popular offering on...
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