U.S. Vs. China: who will win the digital currency war?
The U.S. needs to embrace privacy-focused crypto in order to compete with China’s digital RMB. Go to Source Powered by WPeMatico
Digital Currency
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China’s Digital Currency Has Been Used in 3 Million Transactions Worth Over a Billion Yuan So Far
China’s central bank digital currency has been used in 3.13 million transactions worth about 1.1 billion yuan ($162 million) so far, the People’s Bank of China’s deputy governor has reportedly revealed. In addition, more than 122,000 digital wallets have been created. ‘Positive Progress’ of Digital Yuan Pilot The People’s Bank of China (PBOC) has been … Read more
JD.com’s fintech wing partners with PBoC on digital currency projects
China’s e-commerce giant will reportedly help develop apps that support the forthcoming digital renminbi. Go to Source Powered by WPeMatico
European central bank execs explain why CBDCs don’t need blockchain
Before trying to apply blockchain to anything, think why. Go to Source Powered by WPeMatico
No one can refuse China’s digital currency, says central bank exec
The digital renminbi is legally compensatory to China’s fiat currency. Go to Source Powered by WPeMatico
The Blockchain Service Network will stimulate China’s CBDC plans
The wait for CBDCs continue. Go to Source Powered by WPeMatico
IRS to Pay $625K to Crack Monero, Crypto Proponents Scoff at Contract
The U.S. Internal Revenue Service (IRS) wants to pay a contractor $625,000 if they can crack layer-two privacy schemes and the privacy-centric crypto asset monero (XMR). The tax agency says that the entity has “limited investigative resources” for tracing these types of cryptocurrency transactions. The United States tax agency wants to obtain a solution to … Read more
At least 3 nations to replace their currency with CBDC by 2030: report
The digital yuan will not unseat the U.S. dollar — at least not right away. Go to Source Powered by WPeMatico
Digital yuan doesn’t pose a threat to the hegemony of the dollar, says expert
Foreign investors still doubt the PBoC’s policies when it comes to the RMB exchange rate. Go to Source Powered by WPeMatico
Bitcoin Slips in Latest Crypto Ranking by Chinese Government-Backed Center
China’s Center for Information and Industry Development has revised its rankings of 37 crypto projects. Bitcoin has fallen from the previous ranking. As the Chinese government focuses on launching its central bank digital currency, the Center for Information and Industry Development (CCID), under China’s Ministry of Industry and Information Technology, continues to evaluate and rank … Read more
