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China Plans A $6.2 Billion Digital Currency Lottery for Beijing Residents

After testing its Digital Renminbi use in some of the small cities, China is now planning a big CBDC giveaway for Beijing residents. The Chinese government has planned a 40 million renminbi ($6.2 million) lottery giveaway in form of digital currency. China has been conducting such programs for a while as it goes on to

After testing its Digital Renminbi use in some of the small cities, China is now planning a big CBDC giveaway for Beijing residents. The Chinese government has planned a 40 million renminbi ($6.2 million) lottery giveaway in form of digital currency. China has been conducting such programs for a while as it goes on to

PBOC
Altcoin News
PBOC
Altcoin News

Central Bank of China Bans Crypto Trading For Institutions and Businesses

Three associates of the People’s Bank of China (PBOC), the Chinese central bank has issued a document prohibiting institutions and businesses from engaging in any form of virtual currency transactions. The latest set of regulatory paperwork ban payment service providers and financial institutions from offering any form of service involving cryptocurrency transactions. The three associate

Three associates of the People’s Bank of China (PBOC), the Chinese central bank has issued a document prohibiting institutions and businesses from engaging in any form of virtual currency transactions. The latest set of regulatory paperwork ban payment service providers and financial institutions from offering any form of service involving cryptocurrency transactions. The three associate

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Alibaba’s Ant Group to Allow Online Bank MYBank Test China’s CBDC Digital Yuan

Alibaba’s Ant Group, the official partner of China’s PBoc for its Digital Yuan has started working on digital currency trials involving other stakeholders within the country. China’s online-only bank MYbank, wherein Ant Group holds a 30% stake, is the latest to join the trials and will allow some of its users to link their bank

Alibaba’s Ant Group, the official partner of China’s PBoc for its Digital Yuan has started working on digital currency trials involving other stakeholders within the country. China’s online-only bank MYbank, wherein Ant Group holds a 30% stake, is the latest to join the trials and will allow some of its users to link their bank

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The Digital Dollar Project by Accenture Will Kickstart Pilot Program for U.S. CBDC Design and Use Case

Co-founded by consulting giant Accenture, The Digital Dollar Project (DDP) is all set to kickstart pilot tests for the U.S. central bank digital currency (CBDC) over the next year to test its design and use cases. For this, Accenture has entered a non-profit partnership with the Digital Dollar Foundation. The report comes just at a

Co-founded by consulting giant Accenture, The Digital Dollar Project (DDP) is all set to kickstart pilot tests for the U.S. central bank digital currency (CBDC) over the next year to test its design and use cases. For this, Accenture has entered a non-profit partnership with the Digital Dollar Foundation. The report comes just at a

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News

Japan’s Central Bank to Start CBDC Feasibility Tests Next Month Onwards

As the CBDC developments catch pace worldwide, the Bank of Japan is making its own moves. On Friday, March 26, the Japanese central bank said that it will start the feasibility study and test of its own CBDC – Digital Yen – starting next month. The announcement comes just a day after the People’s Bank

As the CBDC developments catch pace worldwide, the Bank of Japan is making its own moves. On Friday, March 26, the Japanese central bank said that it will start the feasibility study and test of its own CBDC – Digital Yen – starting next month. The announcement comes just a day after the People’s Bank

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

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News

China’s PBOC to Test Cross-border Digital Currency Payments With Other Central Banks

With its accelerated development on CBDC, China’s Central Bank PBOC is now exploring a digital currency cross-border project in collaboration with central banks of Thailand, Hong Kong, and the United Arab Emirates. PBoC is looking to tap into the current zeal with CBDCs in the Asian markets. Also, FinTech developments in the Arab market are

With its accelerated development on CBDC, China’s Central Bank PBOC is now exploring a digital currency cross-border project in collaboration with central banks of Thailand, Hong Kong, and the United Arab Emirates. PBoC is looking to tap into the current zeal with CBDCs in the Asian markets. Also, FinTech developments in the Arab market are

Blockchain News
Blockchain News

Over $12.4 Billion USD Transacted On China’s Official Blockchain Project, PBoC Affiliate Report

The People’s Bank of China (PBoC) announces a spike in blockchain usage by Chinese banks. Over $12.4 billion USD transacted on the central bank’s blockchain network. In late September 2018, the central bank of China, PBoC, announced the launch of their blockchain project to improve the payment transactions across banks and financial institutions. Well, according

The People’s Bank of China (PBoC) announces a spike in blockchain usage by Chinese banks. Over $12.4 billion USD transacted on the central bank’s blockchain network. In late September 2018, the central bank of China, PBoC, announced the launch of their blockchain project to improve the payment transactions across banks and financial institutions. Well, according

bitcoin price correction
Altcoin News
bitcoin price correction
Altcoin News

“China’s New Digital Currency Similar to Libra” Says Public Bank of China Official

 A senior Central Bank Official has compared China’s proposed new digital currency to Facebook’s Libra Coin.  China’s Digital Currency To Have Similar Design As Libra Mu Changchun, deputy director of the People’s Bank of China’s payments department, recently said that China’s new digital currency would help in protecting the country’s foreign exchange sovereignty. Mu said

 A senior Central Bank Official has compared China’s proposed new digital currency to Facebook’s Libra Coin.  China’s Digital Currency To Have Similar Design As Libra Mu Changchun, deputy director of the People’s Bank of China’s payments department, recently said that China’s new digital currency would help in protecting the country’s foreign exchange sovereignty. Mu said

TEther
Stablecoin News
TEther
Stablecoin News

Tether Plans Stablecoin Backed by Chinese Yuan – Here’s Why it Could Back-Fire

Tether will soon issue a stablecoin – backed by the off-shore Chinese Yuan. According to Dong Zhao, a shareholder of Tether’s sister company Bitfinex, told ChainNews on Wednesday that CNHT will be launched “in the near future.” This comes at a time when the Chinese Government authorities are working on the ‘Digital Renminbi’ themselves. According to Dovey Wan,

Tether will soon issue a stablecoin – backed by the off-shore Chinese Yuan. According to Dong Zhao, a shareholder of Tether’s sister company Bitfinex, told ChainNews on Wednesday that CNHT will be launched “in the near future.” This comes at a time when the Chinese Government authorities are working on the ‘Digital Renminbi’ themselves. According to Dovey Wan,

PBOC digital currency
Regulation News
PBOC digital currency
Regulation News

PBOC Disallows Bitcoin Payments But Interested In Digital Currency

Chinese Central Bank PBoC’s governor, Zhou Xiaochuan stated that it doesn’t allow the payments made in bitcoins and other cryptocurrencies as they don’t favor speculative products. Though the bank is interested in the digital money. Also, read… Waltonchain Alibaba Cloud Partners For Smart City In China People’s Bank of China (PBoC) doesn’t allow crypto payments Over

Chinese Central Bank PBoC’s governor, Zhou Xiaochuan stated that it doesn’t allow the payments made in bitcoins and other cryptocurrencies as they don’t favor speculative products. Though the bank is interested in the digital money. Also, read… Waltonchain Alibaba Cloud Partners For Smart City In China People’s Bank of China (PBoC) doesn’t allow crypto payments Over