Tag: digital yuan

“A Perversion Of Cryptocurrency” – Edward Snowden On CBDCs

Edward Snowden has released a blog article, warning that “Central Banks Digital Currencies will ransom our future”. https://twitter.com/Snowden/status/1446890704622571525 Snowden calls CBDCs “cryptofascist currencies” In a recently released...

Chinese Banks Crack Down On Cryptocurrency Users

The Agricultural Bank of China (AgBank) has announced that it will follow the central bank's guidelines to cease service to cryptocurrency users. China set to...

China Conducts Pilot Test For Blockchain-based CBDC Payment System

The People's Bank of China reports that they have successfully carried out the first salary payments using a blockchain-based version of the Digital Yuan. https://twitter.com/DeFiTeller/status/1404422989786062855 China...

China’s Bank Comes Out With A Unique Crypto Wallet For Digital...

China’s digital yuan is approaching, and in the meantime, the country’s banks are developing wallets. The postal Savings Bank of China recently revealed...

G7 To Regulate Digital Currencies

The Group of Seven is about to have another one of its meetings on February 12th. According to Japan's Minister of Finance, the...

China Discusses The Use Of Digital Yuan With Hong Kong

Hong Kong central bank, the HKMA, is discussing the potential introduction of China's digital yuan. While China never showed much interest in going...

Deputy Governor Of The PBOC Reveals Details Of CBDC Testing

The PBOC official recently revealed some data regarding digital yuan testing. The bank opened 113,300 wallets for personal use, and 8,859 for corporate...

China’s Iron Ore Importers Plan To Switch To Digital Yuan

China's iron ore importers have expressed interest in abandoning the USD and switching to Chinese yuan. They also noted that they would adopt...

The Digital Yuan Might Come Sooner Than Expected

Rumors that the Chinese government is developing a digital yuan have been circulating for more than a year now. Just last year, the deputy...

China Begins Testing It’s Digital Version Of The Yuan

The Chinese government has spent most of 2019 denying the idea of them building a digital yuan. Now it appears that the deputy director...
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