Former PBoC Head: China’s Digital Yuan Will Favor Payments and Retail
Longest-serving PBoC governor says China will continue to focus on its digital yuan as a mechanism for domestic retail systems and payment Go to Source Powered by WPeMatico
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Another Chinese Lender Bailed Out After Bank Run
Yichuan Rural Commercial Bank, a lender operating in the central Henan province, has become the latest Chinese bank to be bailed out by the government this year. The small financial institution, which has around 30 branches only in the Yichuan county, experienced a bank run sparked by rumors that its top management was in trouble … Read more
China Is Pushing Blockchain Adoption, Seizing the Momentum From US
In the wake of China’s recent decision to push blockchain adoption across its borders, industry experts speak out Go to Source Powered by WPeMatico
Is China’s New Fascination With Blockchain Really Good for Bitcoin?
Blockchain development has kind of become an element of the party line in the world’s largest officially communist state. The General Secretary of the Communist Party of China, Xi Jinping, recently told a Politburo meeting that the People’s Republic has to gain an edge in the emerging field. Some say Xi’s statement brought back the … Read more
Tether Launches New Stablecoin Pegged to Offshore Chinese Yuan
Tether announced that is launching a new stablecoin pegged to the offshore Chinese yuan Go to Source Powered by WPeMatico
Bitcoin Hit Record Inverse Correlation to Chinese Yuan in Past Week
Weakening Chinese yuan leads to higher Bitcoin prices and Asian premium Go to Source Powered by WPeMatico
Tether Mulls Commodity-Backed Stablecoin to Cut Bank Risk: Report
Bitfinex shareholder Zhao Dong claims Tether will release a version of its stablecoin pegged to commodities such as gold, crude oil and rubber Go to Source Powered by WPeMatico
Report: No Bank Account Needed to Transfer China’s Upcoming CBDC
The upcoming China CBDC will be available to users without bank accounts, says Binance Research Go to Source Powered by WPeMatico
Circle CEO Says Tokenized Fiat Currencies Are on the Horizon
Circle’s CEO said the company forecasted sovereign digital currencies back in 2013 Go to Source Powered by WPeMatico
Chinese City Offers Rent Subsidies, Cash Rewards to Blockchain Businesses
Fuzhou, China is offering rent subsidies to blockchain businesses in a bid to accelerate the industry’s growth Go to Source Powered by WPeMatico
