Chinese Economist Urges Government to Reconsider Crypto Ban — Warns of Missed Tech Opportunities 3 min read China Chinese Economist Urges Government to Reconsider Crypto Ban — Warns of Missed Tech Opportunities An economics professor and former adviser to the People’s Bank of China has urged the Chinese government...Read More
Fed Governor Waller Skeptical of Central Bank Digital Currencies — Says He’s ‘Not a Big Fan’ of the Fed Issuing Digital Dollar 3 min read CBDC Fed Governor Waller Skeptical of Central Bank Digital Currencies — Says He’s ‘Not a Big Fan’ of the Fed Issuing Digital Dollar admin October 27, 2022 Federal Reserve Governor Christopher Waller says he is not a big fan of the Fed issuing a...Read More
Chinese Digital Currency Transactions Exceed 100 Billion Yuan, Central Bank Says 3 min read CBDC Chinese Digital Currency Transactions Exceed 100 Billion Yuan, Central Bank Says admin October 14, 2022 Spending with China’s state-issued digital currency has surpassed 100 billion yuan, close to $14 billion, by the...Read More
China’s Yuan Continues to Depreciate Against Greenback, Real Estate Crisis Exposed 2 Decades of Accumulated Risk 4 min read Atilla Widnell China’s Yuan Continues to Depreciate Against Greenback, Real Estate Crisis Exposed 2 Decades of Accumulated Risk admin August 27, 2022 China’s sovereign currency, the yuan, has slid significantly in value during the last few months as it...Read More
Senators Introduce Bill to Limit Use of China’s Digital Currency in the US — ‘This Is a Major Financial and Surveillance Risk’ 3 min read app stores Senators Introduce Bill to Limit Use of China’s Digital Currency in the US — ‘This Is a Major Financial and Surveillance Risk’ admin May 28, 2022 Several U.S. lawmakers have introduced a bill to prohibit app platforms in the country from hosting apps...Read More
China’s Central Bank Adds More Digital Yuan Pilot Cities 2 min read Altcoins China’s Central Bank Adds More Digital Yuan Pilot Cities admin April 5, 2022 China’s central bank, the People’s Bank of China, has added more cities to test its digital currency....Read More
China’s Digital Currency Used in Transactions Worth $10 Billion, 140 Million People Have Digital Yuan Wallets 2 min read CBDC China’s Digital Currency Used in Transactions Worth $10 Billion, 140 Million People Have Digital Yuan Wallets admin November 7, 2021 China’s central bank digital currency (CBDC), the digital yuan, has been used in transactions worth nearly $10...Read More
Rich Dad Poor Dad Author Calls Evergrande a ‘House of Cards’ While China’s Officials Prep for Firm’s Demise 3 min read $18.6 Billion Rich Dad Poor Dad Author Calls Evergrande a ‘House of Cards’ While China’s Officials Prep for Firm’s Demise admin September 23, 2021 The world is still focused on the financial downfall of China’s real estate giant Evergrande and according...Read More
People’s Bank of China Targets Crypto Companies in Shenzhen Crackdown 2 min read Branch People’s Bank of China Targets Crypto Companies in Shenzhen Crackdown admin August 18, 2021 The Shenzhen office of the People’s Bank of China (PBOC) has reportedly set out to correct the...Read More
Digital Yuan to Promote International Use of Chinese Currency, Experts Say 2 min read CBDC Digital Yuan to Promote International Use of Chinese Currency, Experts Say admin July 30, 2021 The new digital yuan, currently undergoing trials, can help to increase the international usage of China’s national...Read More
China Reveals Digital Yuan White Paper: Smart Contracts, $5.4B Settled, Large Transfers Traced 3 min read 20 million digital yuan China Reveals Digital Yuan White Paper: Smart Contracts, $5.4B Settled, Large Transfers Traced admin July 16, 2021 The working group involved with the research and development of the digital yuan for the People’s Bank...Read More
China Opens Digital Yuan Whitelist for Ten Million Citizens 2 min read Bitcoin China Opens Digital Yuan Whitelist for Ten Million Citizens admin July 10, 2021 The Chinese government is taking its digital yuan test one step further. Now, 10 million users will...Read More