Digital Yuan
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MasterCard In Talks With China’s Central Bank to Support Global “Digital Yuan” Transactions

After enough internal testing locally, the Chinese central bank – The People’s Bank of China (PBoC) – is all set to take its CBDC Digital Yuan global. As per the recent report from the South China Morning Post, the payments giant Mastercard is currently in talks with PBoC to facilitate the cross-border transactions for Digital

After enough internal testing locally, the Chinese central bank – The People’s Bank of China (PBoC) – is all set to take its CBDC Digital Yuan global. As per the recent report from the South China Morning Post, the payments giant Mastercard is currently in talks with PBoC to facilitate the cross-border transactions for Digital

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News

Fed Chairman Says The U.S. Is Not Competing With China on Central Bank Digital Currency (CBDC)

The Chinese central bank – People’s Bank of China (PBoC) – has expedited its efforts on launching its central bank digital currency (CBDC) Digital Yuan. However, the U.S. isn’t quite worried at this point regarding the development of China’s CBDC, said Federal Reserve Chairman Jerome Powell. On Wednesday, April 29, the Fed chairman Jerome Powell

The Chinese central bank – People’s Bank of China (PBoC) – has expedited its efforts on launching its central bank digital currency (CBDC) Digital Yuan. However, the U.S. isn’t quite worried at this point regarding the development of China’s CBDC, said Federal Reserve Chairman Jerome Powell. On Wednesday, April 29, the Fed chairman Jerome Powell

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News

China’s E-commerce Giant JD.com Starts Paying Employee Salaries in Digital Yuan

Some of the top Chinese conglomerates have already joined hands with the People’s Bank of China (PBoC) in testing the country’s own CBDC, Digital Yuan. As per the latest CNBC report, Chinese e-commerce giant JD.com has already started paying certain employees in Digital Yuan. This comes as the PBoC looks to extend the scope of

Some of the top Chinese conglomerates have already joined hands with the People’s Bank of China (PBoC) in testing the country’s own CBDC, Digital Yuan. As per the latest CNBC report, Chinese e-commerce giant JD.com has already started paying certain employees in Digital Yuan. This comes as the PBoC looks to extend the scope of

Bitcoin News
Bitcoin News

Bitcoin (BTC) Growth Is Essential to Maintain USD Dominance over Digital Yuan. Here’s Why

Multiple industry reports suggest that China’s CBDC Developments over the long term can eclipse the USD dominance in global trade. It is true that China is developing its Digital Yuan to reduce the dependence on the USD, however, thinking that it will dominate over USD could be an overstatement. Bloomberg’s Senior Commodity Strategist Mike McGlone

Multiple industry reports suggest that China’s CBDC Developments over the long term can eclipse the USD dominance in global trade. It is true that China is developing its Digital Yuan to reduce the dependence on the USD, however, thinking that it will dominate over USD could be an overstatement. Bloomberg’s Senior Commodity Strategist Mike McGlone

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News

Amid Inflation Crisis, Turkey Plans to Issue Its CBDC Digital Lira In Two Years

Amid highly rising inflation and with the Turkish Lira losing value against the USD, the country is now looking for a digital alternative to its national currency. Drawing a leaf from China’s CBDC move, Turkey is all set to launch its Digital Lira in the next two years. On Wednesday, local news agency Sabah published

Amid highly rising inflation and with the Turkish Lira losing value against the USD, the country is now looking for a digital alternative to its national currency. Drawing a leaf from China’s CBDC move, Turkey is all set to launch its Digital Lira in the next two years. On Wednesday, local news agency Sabah published

Bitcoin News
Bitcoin News

Bitcoin Price Surge Behind Rising Interest in Digital Yuan: PBOC

People Bank of China, the Chinese Central Bank believes the rising price of bitcoin has contributed to the growing interest in Chinese sovereign CBDC called digital yuan. The statement took many by surprise partly because cryptocurrencies are banned in China for almost 4 years now. Wang Xin, PBOC research bureau director, “On one hand, this

People Bank of China, the Chinese Central Bank believes the rising price of bitcoin has contributed to the growing interest in Chinese sovereign CBDC called digital yuan. The statement took many by surprise partly because cryptocurrencies are banned in China for almost 4 years now. Wang Xin, PBOC research bureau director, “On one hand, this

crypto tether china
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crypto tether china
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China’s CBDC All Set To Eat Into the Digital Payments Market Share of WeChat and Alipay

Alipay and WeChat Pay the two dominant players in China’s online payments marketplace are all set to see tough competition from the country’s very own central bank digital currency (CBDC) aka Digital Yuan. On Thursday, March 25, speaking during a panel discussion organized by the Bank of International Settlements (BIS), Mu Changchun, director of the

Alipay and WeChat Pay the two dominant players in China’s online payments marketplace are all set to see tough competition from the country’s very own central bank digital currency (CBDC) aka Digital Yuan. On Thursday, March 25, speaking during a panel discussion organized by the Bank of International Settlements (BIS), Mu Changchun, director of the

News
News

China Offers Global Regulatory Guidelines For CBDC

China has proposed a set of global guidelines on Central Bank Digital Currencies (CBDC) to help other central banks towards the development of their respective CBDCs. The announcement comes in the wake of many western countries showing great interest in launching their sovereign digital asset as the world moves towards a more digital future in

China has proposed a set of global guidelines on Central Bank Digital Currencies (CBDC) to help other central banks towards the development of their respective CBDCs. The announcement comes in the wake of many western countries showing great interest in launching their sovereign digital asset as the world moves towards a more digital future in

bitcoin ETF
Blockchain News
bitcoin ETF
Blockchain News

Crypto News: HongKong Approves First Crypto ETF Fund Worth $100 Million

Hong Kong, China has approved an Exchange Traded Fund (ETF) worth $100 million that would also include 10% in cryptocurrency. The ETF would be raised by Yibo Financial as per a report from Wu Blockchain. Hong Kong, China has approved the first ETF fund involving cryptocurrency, and Yibo Financial said it will raise 100 million

Hong Kong, China has approved an Exchange Traded Fund (ETF) worth $100 million that would also include 10% in cryptocurrency. The ETF would be raised by Yibo Financial as per a report from Wu Blockchain. Hong Kong, China has approved the first ETF fund involving cryptocurrency, and Yibo Financial said it will raise 100 million

China Blockchain Fund
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China Blockchain Fund
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Crypto China: Construction Bank in China Launches First Insurance Policy Paid in Digital Currency

China Construction Bank, one of the largest banks in China has started a new use case for the country’s much talked about digital yuan by issuing the first insurance policy completely paid in the national digital currency. The digital yuan settled insurance policy was launched in association with ZhongAn Online P&C Insurance. Local media reports

China Construction Bank, one of the largest banks in China has started a new use case for the country’s much talked about digital yuan by issuing the first insurance policy completely paid in the national digital currency. The digital yuan settled insurance policy was launched in association with ZhongAn Online P&C Insurance. Local media reports

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china
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“We Don’t Have Ambitions to Replace Existing Currencies”- Ex-PBOC Chief on Digital Yuan

China’s growing influence in the digital currency space has created a sense of urgency among many western counterparts especially the US who view China’s national digital currency as a threat to their financial sovereignty. The US Dollar is currently the default currency of trade in the international trade market with over 88% of market dominance

China’s growing influence in the digital currency space has created a sense of urgency among many western counterparts especially the US who view China’s national digital currency as a threat to their financial sovereignty. The US Dollar is currently the default currency of trade in the international trade market with over 88% of market dominance

CHINA bitcoin
Altcoin
CHINA bitcoin
Altcoin

Editorial: 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 notice of the nascent technology. The ongoing bitcoin bull run driven by the mainstream financial giants such as PayPal and MicroStrategy & rising global trade tensions has only made the contention

The advent of cryptocurrencies like Bitcoin as a mainstream investment market and a reliable payment gateway has forced governments around the globe to take notice of the nascent technology. The ongoing bitcoin bull run driven by the mainstream financial giants such as PayPal and MicroStrategy & rising global trade tensions has only made the contention

Ripple-founder-CEO-LA-Blockchain-Summit-2020
Altcoin News
Ripple-founder-CEO-LA-Blockchain-Summit-2020
Altcoin News

Ripple Co-founder Hints Shifting Base Out of the U.S, Blames Regulators

Former Ripple CEO and co-founder Chris Larsen recently spoke out his mind on crypto regulations in the U.S. and the lack of clarity. Speaking to the Fortune reporter Jeff John Roberts, Larsen said that excessive regulations have been hurting innovation. Thus, they are planning to move the Ripple headquarters from San Franciso to other crypto-friendly

Former Ripple CEO and co-founder Chris Larsen recently spoke out his mind on crypto regulations in the U.S. and the lack of clarity. Speaking to the Fortune reporter Jeff John Roberts, Larsen said that excessive regulations have been hurting innovation. Thus, they are planning to move the Ripple headquarters from San Franciso to other crypto-friendly

India-crypto-ban-RBI-CBDC
Regulation News
India-crypto-ban-RBI-CBDC
Regulation News

India Is Considering A Law to Ban Cryptocurrency Trading Again

India, Asia’s third-largest economy is set to introduce another hard-hitting measure on cryptocurrency trading. As part of its next regulatory move, Indian lawmakers are planning to introduce a bill banning crypto trading during its ongoing parliamentary session. Sources familiar with the matter told Bloomberg that the federal government is not keen to have cryptocurrencies functional

India, Asia’s third-largest economy is set to introduce another hard-hitting measure on cryptocurrency trading. As part of its next regulatory move, Indian lawmakers are planning to introduce a bill banning crypto trading during its ongoing parliamentary session. Sources familiar with the matter told Bloomberg that the federal government is not keen to have cryptocurrencies functional

crypto tether china
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crypto tether china
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China’s CBDC All Set To Be Tested By Tencent-Backed Food Delivery Giant

China has time and again revealed the progress of its Central Bank Digital Currency [CBDC], the digital yuan. Latest reports suggest that the CBDC is all set to test its real-world use cases. Food delivery giant Meituan Dianping is the latest platform to test the digital yuan.  Food Delivery Giant Meituan Dianping Partners With PBoC The world

China has time and again revealed the progress of its Central Bank Digital Currency [CBDC], the digital yuan. Latest reports suggest that the CBDC is all set to test its real-world use cases. Food delivery giant Meituan Dianping is the latest platform to test the digital yuan.  Food Delivery Giant Meituan Dianping Partners With PBoC The world

Bank of Canada (BOC) digital curencies stablecoins
Altcoin News
Bank of Canada (BOC) digital curencies stablecoins
Altcoin News

Will Declining Usage Of Cash Force Bank of Canada (BOC) To Launch Its Own Digital Currency?

There are two scenarios which will force the Bank of Canada (BOC) to issue its own digital currency. First, if cash as we know cannot serve its purpose as a utility, or second, if private digital currencies (stablecoins) become widespread. Given the state of the global economy, the likelihood of the first scenario coming to

There are two scenarios which will force the Bank of Canada (BOC) to issue its own digital currency. First, if cash as we know cannot serve its purpose as a utility, or second, if private digital currencies (stablecoins) become widespread. Given the state of the global economy, the likelihood of the first scenario coming to

China-Digital-Yuan
Altcoin News
China-Digital-Yuan
Altcoin News

China’s Digital Yuan Could Outperform Libra, PayPal and Thrash Bitcoin’s Speed

It is widely reported that China is close to launching the Digital Yuan in their Renminbi internationalization drive and to minimize their dependence on the US Dollar. Now, according to recent reports, it is said that the People’s Bank of China (PBOC) issued coin, which will in no way resemble Bitcoin, will have a superior

It is widely reported that China is close to launching the Digital Yuan in their Renminbi internationalization drive and to minimize their dependence on the US Dollar. Now, according to recent reports, it is said that the People’s Bank of China (PBOC) issued coin, which will in no way resemble Bitcoin, will have a superior

china ban crypto
Regulation News
china ban crypto
Regulation News

China: Speculations Thrive As China Complicates Stance on Cryptocurrencies

A few days back, the People’s Congress in China passed the cryptographic law and it is all set to come in effect starting January 2020. The Chinese president, Xi Jinping also in an organized study session lauded blockchain and said that the communist party should tap blockchain for technological advancement. Well, this was taken as

A few days back, the People’s Congress in China passed the cryptographic law and it is all set to come in effect starting January 2020. The Chinese president, Xi Jinping also in an organized study session lauded blockchain and said that the communist party should tap blockchain for technological advancement. Well, this was taken as

China Central Bank
Regulation News
China Central Bank
Regulation News

China Central Bank Official Predicts Stiff Competition Among Banks Upon the Launch of Digital Yuan

A recent statement by Mu Changchun, the head of China’s Central Bank Digital Currency Research Institute claims that China’s digital currency will lead to strong competition among commercial banks. Institutions will compete to provide the best services using digital currencies. Two-Tier Approach With Digital Yuan – Mu Changchun China’s is the first of nations to roll out a

A recent statement by Mu Changchun, the head of China’s Central Bank Digital Currency Research Institute claims that China’s digital currency will lead to strong competition among commercial banks. Institutions will compete to provide the best services using digital currencies. Two-Tier Approach With Digital Yuan – Mu Changchun China’s is the first of nations to roll out a

chinease polititian
Blockchain News
chinease polititian
Blockchain News

Famous Chinese Politician Denounces Libra While Expressing Optimism About China’s Digital Yuan

Respected Chinese official, Vice Chairman of China Center For International Economic Exchanges Huang Qifan has revealed that China may be the first country to launch a digital currency while denouncing Facebook’s popular cryptocurrency, Libra. Qifan called Libra a “delusional project that will never succeed.” Libra Is Delusional And Bound To Fail Huang Qifan, the former

Respected Chinese official, Vice Chairman of China Center For International Economic Exchanges Huang Qifan has revealed that China may be the first country to launch a digital currency while denouncing Facebook’s popular cryptocurrency, Libra. Qifan called Libra a “delusional project that will never succeed.” Libra Is Delusional And Bound To Fail Huang Qifan, the former