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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
Bank of China continues to voice its distaste for crypto and urges the public to pay attention to scams Go to Source Powered by WPeMatico
China’s blockchain trade platform has facilitated $12.4 billion in transactions between 38 banks and 1,900 firms since 2018 Go to Source Powered by WPeMatico
The coronavirus outbreak has led to postponed work at various Chinese government institutions, including the organs responsible for researching and developing the digital yuan Go to Source Powered by WPeMatico
The Chinese government has taken multiple steps so far to contain the economic fallout from the coronavirus epidemic, including interest rate cuts and financial injections worth billions of yuan. It did it again this week, extending the monetary easing provided by the central bank. With the budget under pressure, however, there are indications that Beijing … Read more
Chinese party officials show interest in a manual on digital currencies as the government opens to blockchain technology Go to Source Powered by WPeMatico
Authorities in Shenzhen have started pressuring crypto businesses operating in China’s tech capital. Eight companies, two suspected operators of trading platforms, and six entities allegedly associated with coin offerings, have been placed under inquiry, Chinese media revealed, with authorities reportedly questioning their representatives at a meeting hosted by Shenzhen Financial Regulatory Bureau. Also read: Crypto … Read more
China’s securities regulator reportedly plans to set up a tech division that will be headed by the former chief of the central bank’s digital currency initiative Go to Source Powered by WPeMatico
China issued $2.8 billion in blockchain-based special financial bonds for small and micro enterprises Go to Source Powered by WPeMatico
China seeks to reinforce the crypto trading ban Go to Source Powered by WPeMatico