One of the biggest news in the cryptocurrency industry in 2021 was the clampdown by China on the novel technology and the innovations surrounding it. While the Asian giant continuously reiterated its support for blockchain technology, the other half of the innovation, cryptocurrency, was highly ...
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...
After almost a dozen hugely successful trials held across the country, China has decided to run another digital yuan pilot program—this time in Beijing. According to the latest report from BlockBeats, the Beijing Local Financial Supervision and Administration Bureau announced on June 2...
The latest nationwide crackdown on cryptocurrency mining in China has raised questions about the sustainability of Bitcoin’s current hash rate and has sparked a global market downturn. With rumors circulating that China’s central government plans on outlawing Bitcoin mining in Sichuan, Xin...
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...
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 ...
Riding the wave of several hugely successful trials of its upcoming digital yuan, China has announced the launch of a new five-year development plan. The plan was adopted during the Fifth Plenary Session of the Nineteenth Central Committee of the Communist Party of China (CPC), and in...
China’s Digital Currency Electronic Payment (DCEP) project is gathering a lot of momentum as the actual realization seems more realistic with every passing event. Having executed a successful pilot program in Shenzhen, and working towards another test in Suzhou, discussions between Hon...
While you could count the number of countries dabbling in national digital currencies on the fingers of one hand, almost none of them could even come close to China when it comes to the practical development of the new asset class. After allocating billions of yuan into various blockchain deve...
After almost a year of serious work done on the development of the country’s national digital currency, China saw its efforts culminate this month when it successfully completed a pilot project where it distributed the currency to the residents of Luohu. The novel project attracted a lot of med...
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