Chinese retail giant JD accepts digital yuan payments for Singles Day
Some 450,000 JD.com customers have used China’s digital yuan for payments as of June 2021. Go to Source Powered by WPeMatico
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Some 450,000 JD.com customers have used China’s digital yuan for payments as of June 2021. Go to Source Powered by WPeMatico
According to a recent report, Beijing is pressing the fast-food retail chain McDonald’s to support the digital yuan before the Winter Olympics in China scheduled for February 2022. The report notes that China is also pushing companies like Visa and Nike to join in on the central bank digital currency (CBDC) rollout. Chinese Government Pushes … Read more
The “Big Mac Rubik’s Cube” NFTs will be distributed to Chinese employees and customers by McDonald’s China as a part of a giveaway. Go to Source Powered by WPeMatico
On September 28, reports stemming from social media and crypto-focused forums detailed that China has been blocking a number of cryptocurrency websites. The Twitter handle for 8btc News tweeted that the web portals coinmarketcap.com and coingecko.com have been blocked from mainland China. The ‘Great Firewall,’ as it is often called, has also blocked a number … Read more
Many in the crypto space are calling for the U.S. to assert its foundational principles by implementing crypto policies in opposition to China. Go to Source Powered by WPeMatico
Huobi Group co-founder Du Jun intends to safeguard all crypto assets on Chinese accounts before permanently closing them down by Dec. 31, 2021. Go to Source Powered by WPeMatico
Since 2009, China and Hong Kong have “banned” or otherwise caused FUD in the crypto space on 22 separate occasions. Go to Source Powered by WPeMatico
The People’s Bank of China (PBOC), the country’s central bank, published a Q&A to its website which said that Chinese citizens participating in virtual currency exchange offshore is “considered illegal financial activity.” The PBOC also reiterated comments it had made in the past stressing that “financial institutions and non-bank payment institutions” cannot process crypto payments. … Read more
The Chinese central bank sets up a “coordination mechanism” with state agencies to continue battling crypto. Go to Source Powered by WPeMatico
PBoC maintains its anti-crypto stance despite local players experimenting with digital yuan-pegged stablecoins. Go to Source Powered by WPeMatico