Yuan

Only Money: Scammers Tricked Over 100 Million Yuan out of Chinese People
Jul 09, 2020 at 14:40
News
Only Money: Scammers Tricked Over 100 Million Yuan out of Chinese People
The Ouhai police in Wenzhou, China, arrested 10 people belonging to a criminal gang running the Huobi Global Moving Brick Arbitrage HT Chinese Group Community scam project in Telegram. During the arrest, the police confiscated a luxury villa, cars, flagship smartphones, computers, as well as cryptocurrency totalling to over 100 million yuan.
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.
China’s Digital Yuan Has No Official Launch Date, Though in Progress
May 28, 2020 at 11:29
News
China’s Digital Yuan Has No Official Launch Date, Though in Progress
Although pilot tests for the digital Yuan have been launched and are happening progressively across four large Chinese cities, the governor of the Chinese Central Bank in a recent report by Xinhua news claimed no official date had been set for the launch of the long-awaited project.
US Congressman Proposes National Blockchain Strategy to Outcompete China
May 24, 2020 at 10:23
News
US Congressman Proposes National Blockchain Strategy to Outcompete China
A bill for Blockchain National Strategy was proposed in the United States Congress that would come up with a national blockchain and distributed ledger technology (DLT) strategy.
McDonald’s and Starbucks Partner with the Chinese Government to Test Digital Yuan
Apr 25, 2020 at 10:23
News
McDonald’s and Starbucks Partner with the Chinese Government to Test Digital Yuan
McDonald’s and Starbucks have been included in the Chinese Government’s Central Bank Digital Currency (CBDC) program to trial the initial launch in Xiong’an district.
Chinese Digital Currency May Not Be Fully Launched for The Public Anytime Soon
Apr 22, 2020 at 08:47
News
Chinese Digital Currency May Not Be Fully Launched for The Public Anytime Soon
Digital Currency Electronic Payment (DCEP) issued by People’s Bank of China (PBoC) will not be mass-produced and will not be issued in large quantities in the short term, China Central Television reports.
People's Bank of China Says the Creation of Digital Yuan is Advancing as Planned
Apr 12, 2020 at 11:31
News
People's Bank of China Says the Creation of Digital Yuan is Advancing as Planned
People's Bank of China (PBoC) announced on April 11th that China's central bank digital currency (CBDC) is pursuing its original plan.
Japan to Issue CBDC Proposal to Counter China’s Government-Owned Cryptocurrency
Feb 07, 2020 at 15:59
News
Japan to Issue CBDC Proposal to Counter China’s Government-Owned Cryptocurrency
After hearing that China is trying to develop its own state-backed cryptocurrency, Japan has joined arms with other countries to come up with their own government-owned digital asset so it can dominate China’s digital yuan and all other state-owned tokens that will be launched afterwards.
US-China Trade War Leads Bitcoin Price to Trade Over $12,000
Aug 06, 2019 at 13:28
News
US-China Trade War Leads Bitcoin Price to Trade Over $12,000
The world’s top cryptocurrency by market capitalization, Bitcoin (BTC), has once more managed to hit and exceed the $12,000 price level after around 3 to 4 weeks trading below that mark. The surge comes after a huge devaluation of China’s fiat currency yuan which touched the bottom level against the United States dollar (USD) since exactly nine years ago. The event is one part of the US-China trade war.
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