While the adoption and use cases of China’s e-CNY are expanding, the digital yuan still only represents 0.16% of China’s monetary supply.
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While the adoption and use cases of China’s e-CNY are expanding, the digital yuan still only represents 0.16% of China’s monetary supply.
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In a coordinated fashion, more than 18 central banks worldwide have or plan to cut interest rates, sparking a domino effect of monetary easing. It’s been 10 years since the world has seen central planners orchestrate such harmonization in an attempt to save the economy from a deep recession. Also Read: Money and Democracy: Why […]
The post At Least 19 Central Banks Give Way to Monetary Easing As Economy Slows appeared first on Bitcoin News.
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China’s cryptocurrency markets have witnessed a number of significant events in recent weeks, including affirmation from the People Bank of China (PBOC)’s new governor, which will likely intensify the country’s crackdown on cryptocurrency. Also Read: Chinese Merchants in Moscow Convert Most of Their Cash to Crypto New PBOC Governor Reaffirms Stern Position Regarding Cryptocurrencies Whilst attending […]
The post China’s Position on Crypto Likely to Harden Under New PBOC Governor appeared first on Bitcoin News.
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The People’s Bank of China, the nation’s central bank, has a new governor, its first in 15 years. His name is Yi Gang and judging by previous comments the 60-year-old has made, he’s perfectly okay with cryptocurrency. His positive stance towards bitcoin and other cryptos bodes well for their future within China. Also read: Report Claims […]
The post China’s First Central Bank Governor in 15 Years Likes Bitcoin appeared first on Bitcoin News.
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