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After the well-known crypto crackdown launched by the Chinese government four years ago, it seems there is now a change in the tone from the country’s central bank. At least that’s what has been suggested recently by the deputy governor of the People’s Bank of China (PBoC). Central Bank Clarifies Its Regulatory Framework on Cryptos … Read more
China wants to allow foreign athletes and visitors to use the county’s digital currency during the Beijing Winter Olympics in 2022. Go to Source Powered by WPeMatico
The central bank official said stablecoins issued by private companies may require “stronger regulatory rules” than Bitcoin. Go to Source Powered by WPeMatico
Here’s what crypto and blockchain industry experts from China think about the digital yuan and how it has affected the blockchain space. Go to Source Powered by WPeMatico
The central bank says strong interest in its CBDC project is partly being driven by Bitcoin’s recent surge, despite cryptocurrency still being banned in China. Go to Source Powered by WPeMatico
Retail investors are flocking to buy Filecoin on exchanges with predominately Chinese user bases and the head of the PBOC thinks the digital yuan has an uphill battle to take on Alipay and WeChat Pay. Go to Source Powered by WPeMatico
Alibaba’s Alipay and Tencent’s WeChat Pay reportedly account for 98% of the mobile payment market in China. Go to Source Powered by WPeMatico
The People’s Bank of China intends to enable anonymous digital yuan transactions of small amounts in order to protect “reasonable” anonymity needs. Go to Source Powered by WPeMatico
Several of Ant Group’s offerings including the blockchain division will reportedly become part of a financial holding company. Go to Source Powered by WPeMatico
The past two years were much harder on the dollar, however. Go to Source Powered by WPeMatico
