China

4 Reasons Central Banks Don't Want to Use Blockchain to Issue CBDC
Apr 04, 2021 at 11:44
News
4 Reasons Central Banks Don't Want to Use Blockchain to Issue CBDC
The features presented by blockchain would be forcing central banks to adopt and use the technology on a large scale, but some governments including China, Jamaica, etc., don't want their central banks to use the tech in the issuance and distribution of their own state-backed central bank digital currency (CBDC).
The Land of Controversy: China Is Leading Cryptocurrency Market Despite the Hostility of Regulators
Feb 24, 2021 at 15:53
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The Land of Controversy: China Is Leading Cryptocurrency Market Despite the Hostility of Regulators
China’s history on cryptocurrency is quite a controversial one. Most of the crypto users that became millionaires after 2017’s crypto-bubble were residing in China. The country’s mining pools dominated over 60% of the Bitcoin overall hashrate. Nevertheless, regulators are making every effort to stop the growth of the sector.
USA Welcoming Cryptocurrency Despite Regulatory Pressure
Feb 23, 2021 at 16:04
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USA Welcoming Cryptocurrency Despite Regulatory Pressure
The USA has been the globe’s major player in practically all industries. No wonder that all nascent technologies find their home and development in the country. Cryptocurrency is not an exception. Despite its motherland being considered to be China, the first commercial transaction involving digital assets was made in the USA.
Cryptocurrency and COVID-19: Industry is Growing Amidst Pandemics, CBDC on the Way
Jan 29, 2021 at 16:21
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Cryptocurrency and COVID-19: Industry is Growing Amidst Pandemics, CBDC on the Way
Numerous countries and health organizations around the world have been researching all possible ways of preventing the spread of COVID-19. Among other means is switching all possible activity including payment to the online mode.
China Getting Closer to the Release of a Digital Yuan: Trials Extended
Jan 12, 2021 at 15:30
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China Getting Closer to the Release of a Digital Yuan: Trials Extended
As many countries are competing to see who will be the first to launch an effective working central bank digital currency (CBDC), China seems to be in the lead of this game. The country has carried out several trials of its digital yuan in different parts of the country.
The USA Aims at Defeating China's Hegemony in Cryptocurrency Mining
Dec 11, 2020 at 14:58
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The USA Aims at Defeating China's Hegemony in Cryptocurrency Mining
The United States mining pools are building their capacity to defeat China's hegemony in cryptocurrency mining.
Cryptocurrency Mining on the African Continent: Challenges and Opportunities
Dec 08, 2020 at 14:42
News
Cryptocurrency Mining on the African Continent: Challenges and Opportunities
It is more than 10 years since the first cryptocurrency appeared on earth. The emergence of crypto attracted varied reactions from the different countries of the world. Africa, the second-largest continent is especially lagging in crypto trading and mining. What challenges and opportunities lie on the way of crypto mining growth in Africa?
McDonald’s and Starbucks did not Partner with the Chinese Government to Test Digital Yuan
Oct 17, 2020 at 11:23
News
McDonald’s and Starbucks did not Partner with the Chinese Government to Test Digital Yuan
Global fast-food giants McDonald’s and Starbucks have never been included into the trials of digital yuan. None of the brands confirmed its participation in the testing program.
Coronavirus Speeding Up CBDC: G20 Designing a Framework
Oct 16, 2020 at 13:49
News
Coronavirus Speeding Up CBDC: G20 Designing a Framework
The forced digitizations of nearly all industries worldwide makes traditional players adjust and set standards for innovative solutions. Thus, the G20’s Financial Stability Board (FSB) is set for developing a framework for adopting CBDC.
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