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Former PBoC Governor Says Cryptocurrencies Should Serve the Real Economy

Jun 12, 2021

Following weeks of speculations regarding China’s official policy regarding the use of cryptocurrencies, the former governor of the country’s central bank provided a brief glimpse into how China could approach the issue. So far, all of the comments made by the People’s Bank of China reg...

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China Crypto Roundup (May. 31-June. 6)：Chinese Miner Waiting for the Policy, More Digital Yuan Red Envelopes Coming

Jun 7, 2021

1. Canaan released a first-quarter financial report: revenue of 400 million yuan overseas revenue accounted for nearly 80% On June 1, Nasdaq-listed Chinese miner manufacturer Canaan released its first-quarter financial report. According to the report, thanks to the increase in the number o...

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CZ: BSC Serves Users That Ethereum Cannot Serve

Jun 1, 2021

The article is originally written by LatePost, now translated and published by 8btc. Original link: https://mp.weixin.qq.com/s/A6ks1FWNshgsC5E6RlKULw For most of the past year, Zhao Changpeng has spent time in Singapore communicating online from a small room of less than ...

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AliPay Launches Digital Yuan Model For Select Users

May 12, 2021

According to the latest report from Caixin, there has been a slew of new developments regarding China’s upcoming digital yuan. At the core of these new developments is AliPay, the payments arm of China’s commerce giant Alibaba. Namely, sources within China have found that AliPay has la...

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Fingerprint ID Coming to New DC/EP Card

May 7, 2021

Fingerprint authentication technologies are coming to a new card-based digital wallet solution for the Digital Currency/Electronic Payment (DC/EP) according to an expanded collaboration between China's Chutian Dragon and IDEX Biometrics announced on Wednesday May 5. Chutian ...

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JD.com Pays Employees Salaries in Digital Yuan

Apr 29, 2021

China’s digital yuan project has ticked yet another box as e-commerce giant JD.com recently implemented it as a payment vehicle to pay salaries of some of its employees. The platform also revealed that it used the digital yvan to make payment for some other businesses.  This will go down a...

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PBoC’s Digital Research Institute Partners With Ant Group to Promote the Construction of The Digital Yuan Technology Platform

Apr 27, 2021

According to the latest report from the 21st Century Business Herald, the Digital Currency Research Institute of the People's Bank of China has signed a strategic cooperation agreement with Ant Group. The news was first announced during the Digital China Construction Summit, where ...

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China Crypto Roundup (Apr. 19-Apr. 25)：Crypto Assets Recognized as Alternative Investment in China

Apr 26, 2021

1. Deputy governor of the People's Bank of China has given an important signal that cryptocurrencies and other assets should be used as investment tools and alternative investments Li Bo, the current deputy governor of People's Bank of China (PBoC), expressed his views on cryptocurren...

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Bitmain’s Jihan Wu Addresses The Company’s Bitcoin Cash (BCH) Position

Apr 21, 2021

Jihan Wu, the co-founder of China’s largest bitcoin mining hardware manufacturer Bitmain, has addressed the company’s Bitcoin Cash (BCH) position in a series of posts on social media network Weibo. Wu reflected on the current position Bitcoin (BTC), the world’s largest cryptocurren...

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China’s Hainan Province Set For Digital Yuan Test in April

Apr 9, 2021

All is set for the next step in China’s move towards the creation of a Central Bank Digital Currency (CBDC). This time around, a test of the developing product will be carried out in the country’s province of Hainan. The exercise is expected to kick- off on April 12, 2021, and run un...