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Category Archives: Blockchain

Suzhou City Getting Ready for Chinese CBDC Test

Nov 24, 2020

Vincent He

Suzhou will become the second Chinese city after Shenzhen to experiment with the country’s sovereign digital currency on Dec. 12, according to the report. The city located in Jiangsu Province of East China will play host to a shopping festival dubbed “Double 12” and gauge the DCEP's...

China’s DC/EP to Reach Far, Two Top Global Banks Agree

Nov 23, 2020

Olusegun Ogundeji

From Deutsche Bank to Goldman Sachs, the prospect of China's Digital Currency Electronic Payment (DC/EP) gaining widespread use is becoming more established going by their separate analyses on China's market outlook. The DC/EP, which promises to combat money laundering and oth...

Why China Is Leading The Race In The CBDC Market

Nov 18, 2020

The idea of Central Bank Digital Currencies (CBDCs) has split the blockchain and digital assets industry into two distinct sections. While one group believes that this idea might encourage adoption of the novel technology into the mainstream, the other suspects that it is simply a method o...

DeFi’s path to overtake traditional finance

Nov 17, 2020

Victor Canghai Ji

The summer of 2020 witnessed the mania of Decentralized Finance (DeFi) which swept the crypto world with its market value once exceeding US$1 bn and hundreds of billions of digital assets involved in the financial services provided by DeFi products. As the market gradually cools down, you ...

PBOC Plans on Building a Legal DCEP Test Zone in Beijing

Nov 11, 2020

Internal pilot programs for testing out use cases for the digital yuan have been going on for almost an entire year in China. Both small local entities and large provincial governments have launched their own programs, which ranged from establishing research and development teams to conducting a ...