China Is Drafting Laws for the Circulation of National Digital Currency

Amid 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 … Read more

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

China 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 … Read more

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

The 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 … Read more

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