China Is Drafting Laws for the Circulation of National Digital Currency

China Is Drafting Laws for the Circulation of National Digital CurrencyAmid the coronavirus pandemic, China’s central bank has reportedly completed the basic development of the nation’s central bank digital currency. The central bank is now drafting legislation for its circulation, according to local media. A number of patents have revealed what the digital yuan will be like. Also read: 2x Bitcoin — Wanna Double Your […]

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Coronavirus Crisis Won’t Delay China’s Blockchain Network Launch

TheMerkle_China VPN RegulationChina is one of the first countries to seemingly recover from the coronavirus crisis. In fact, it would appear that the national blockchain network launch will still go ahead as planned, which is rather surprising. China has made its blockchain ambitions very clear in recent months.  China’s Blockchain Project is Still Alive The country will contribute several million to its national DLT network. Many expect the coronavirus crisis to delay this launch. However, that will not be the case, according to sources close to the matter. The China Blockchain-based Service Network will still launch in April 2020. Through this network,

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World’s Largest Banks Losing Stock Value During Weeks Marked by Pandemic

World’s Largest Banks Losing Stock Value During Weeks Marked by PandemicThe spreading coronavirus infection is taking a toll on the global economy and traditional financial institutions are already hurting. The world’s largest banks have seen their stocks losing value over the past weeks and months while facing cash withdrawal pressure and preparing to deal with a shrinking asset base. Also read: US Cash Crisis: Withdrawal […]

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