China

Great Britain is Exploring CBDC; Are They Going to Follow China?
Jul 14, 2020 at 13:55
News
Great Britain is Exploring CBDC; Are They Going to Follow China?
The Bank of England is exploring the possibility of creating its own digital currency. However, it is unlikely that the project is actually implemented before the next couple of years.
How Might the Legal Status of Cryptocurrency Change Amidst Growing Interest in CBDCs?
Jul 11, 2020 at 11:47
News
How Might the Legal Status of Cryptocurrency Change Amidst Growing Interest in CBDCs?
The legal status of cryptocurrency has been and still is very contentious worldwide, with some countries recognizing them as a medium of payment, while in others, mere ownership of crypto is enough to get you to prison. Will the increasing global attention to CBDCs change anything?
Europe Is Going to Trial CBDC with Lithuania at the Forefront
Jul 06, 2020 at 10:18
News
Europe Is Going to Trial CBDC with Lithuania at the Forefront
Amidst rapid digitization of the world, central banks are making efforts to keep pace. Nevertheless, while Asian countries such as China have been actively developing its Central BankDigital Currencies, Europe has been cautiously exploring it. But now it seems the continent will see its first CBDC as soon as this week.
South Korea will Revise its Regulatory Framework Before Launching Digital Won
Jun 15, 2020 at 13:42
News
South Korea will Revise its Regulatory Framework Before Launching Digital Won
The Bank of Korea established an advisory group to revise the legislative framework before the launch of the digital won. Despite their CBDC will more resemble a digital version of fiat currency, it is obvious that the existing financial legislation should be adjusted to the circulation of a new digital asset.
People’s Bank of China Ex-Boss Optimistic about Bitcoin and Cryptocurrencies
Jun 09, 2020 at 11:19
News
People’s Bank of China Ex-Boss Optimistic about Bitcoin and Cryptocurrencies
Wu Xiaoling, former Vice-President of the People’s Bank of China (PBoC) and now chairperson of Wudaokou School of Finance at Tsinghua University, has once again praised bitcoin and other altcoins, saying although they have their pros and cons, they play a crucial role in development.
Chinese Vampires Turn to Bitcoin Mining; an Illegal Farm Discovered Under a Cemetery
Jun 05, 2020 at 10:03
News
Chinese Vampires Turn to Bitcoin Mining; an Illegal Farm Discovered Under a Cemetery
If you ever thought only gold, diamond, or oil were found underneath the ground, you might be wrong in the 21st Century world as recent cases of bitcoin mining have proved that crypto mines equally do well underground. Chinese police have discovered an illegal Bitcoin mining farm beneath a cemetery.
China Planning to Use Blockchain to Create a Free Trade Port in Hainan
Jun 04, 2020 at 11:13
News
China Planning to Use Blockchain to Create a Free Trade Port in Hainan
China is promoting the construction of a free trade port in Hainan as a substitute for Hong Kong (HK).
Alibaba Will Use Domain Names to Connect Between Blockchains
Jun 02, 2020 at 15:38
News
Alibaba Will Use Domain Names to Connect Between Blockchains
Chinese e-commerce giant Alibaba has filed a patent for cross-chain technology that improves the connection between blockchains through domain names. The ‘unified domain name scheme’ has been approved by the United States Patent and Trademark Office (USPTO).
China Adds Cryptocurrency to Inheritable Assets
May 30, 2020 at 08:39
News
China Adds Cryptocurrency to Inheritable Assets
According to the new Chinese civil code, the government has included cryptocurrencies such as Bitcoin (BTC) in its legally inheritable list of assets.
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