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China now has more than 33,000 registered companies claiming to use blockchain technology in their businesses, according to the country’s Center for Information and Industry Development. The information was released at a recent blockchain conference hosted by a Chinese municipal government and several state-backed research institutes. Also read: Regs Roundup – China Blockchain ETF, New … Read more
The People’s Bank of China says it is making smooth progress with the development of its forthcoming digital currency Go to Source Powered by WPeMatico
China continues to streamline the guidelines on blockchain patent applications Go to Source Powered by WPeMatico
HSBC had two of its Hong Kong branches closed on Jan. 2, the first working day of the year, following attacks by protesters during the latest anti-government demonstrations on New Year’s Day. The banking giant also closed seven indoor ATM clusters and announced on Friday it will suspend overnight services at 19 other ATM locations … Read more
Six virtual banks have joined the Hong Kong Institute of Bankers as corporate members Go to Source Powered by WPeMatico
Crypto regulation in Russia, China and India was very confusing in 2019. Should we expect more clarity in 2020 from these developing economies? Go to Source Powered by WPeMatico
On January 1, the BTC network hashrate touched an all-time high at close to 120 exahash per second (EH/s). Despite the crypto market lull and lower BTC prices, the 2020 milestone happened just before the blockchain’s 11th anniversary. BTC’s curious jump in hashrate has the cryptosphere wondering whether or not the price truly follows hashpower. … Read more
Issuing a national digital currency could prevent losing the economic war with China Go to Source Powered by WPeMatico
China adopts crypto law two months after official approval as digital currency plans continue to evolve Go to Source Powered by WPeMatico
The China Foreign Exchange Trade System (CFETS) announced that effective January 1, 2020, the system “will adjust weights for CFETS RMB Index,” decreasing the weighting of the USD for the second time in the currency basket’s history from 22.40% to 21.59%, and increasing the Euro from 16.34% to 17.40%. The change could signal further disassociation … Read more