Yuan

Deutsche Bank Predicts Weak Fiat System Will Fuel Demand For Crypto (pymnts.com) 12/09/2019 - 2:40pm
Chief among those efforts, of course, has been the (continuing) news that China is set to launch a nationalized digital version of the yuan. Libra, of course, lingers, as a cryptocurrency project that ...
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China’s Digital Yuan Could Outperform Libra, PayPal and Thrash Bitcoin’s Speed (bitcoin.worldnewsoffice.com) 12/09/2019 - 1:30pm
It is widely reported that China is close to launching the Digital Yuan in their Renminbi internationalization drive and to minimize their dependence on the US Dollar. Now, according to recent reports, it is said that the People’s Bank of China (PBOC) issued coin, which will in no way resemble Bitcoin, will have a superior […]
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Deutsche Bank And The Contrarian Cash And Crypto Prediction (pymnts.com) 12/09/2019 - 10:03am
Chief among those efforts, of course, has been the (continuing) news that China is set to launch a nationalized digital version of the yuan. Libra, of course, lingers, as a cryptocurrency project that ...
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Daily Trending Bitcoin News and Market Sentiment: New US Miner, China CBDC Test (bitcoinnews.com) 12/09/2019 - 8:06am
Bitcoin is in a narrow trading range around USD 7,500 for the second day in a row A new Bitcoin mining facility backed by Winklevoss is being built in the United States China is to embark on the first real-world use case of a central bank digital currency (CBDC) Bitcoin price has been in an extremely tight range since Sunday, and Asian Monday...
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China’s Digital Yuan Could Outperform Libra, PayPal and Thrash Bitcoin’s Speed (bitcoinwarrior.net) 12/09/2019 - 5:22am
The PBOC has been actively developing the currency over the last five years. However, what is curious about this development and China’s inclination towards blockchain, and its resistance towards ...
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China’s Central Bank to Lead Real-World Pilot of Digital Yuan: Report (cointelegraph.com) 12/09/2019 - 4:43am
Several Chinese banks and economic participants will reportedly pilot the digital yuan in two cities
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Bank of China Introduces Blockchain Bond Issuance System, Issues 20 Billion Yuan Bond (beincrypto.com) 12/09/2019 - 3:54am
One of China’s largest banks has just issued a 20B yuan bond using its blockchain bond issuance system. It is the first time this system has been put to use. A leading bank in China has just used its ...
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China’s Digital Yuan Could Outperform Libra, PayPal and Thrash Bitcoin’s Speed (coingape.com) 12/09/2019 - 2:34am
It is widely reported that China is close to launching the Digital Yuan in their Renminbi internationalization drive and to minimize their dependence on the US Dollar. Now, according to recent reports, it is said that the People’s Bank of China (PBOC) issued coin, which will in no way resemble Bitcoin, will have a superior throughput, processing...
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China’s Central Bank to Lead Real-World Pilot of Digital Yuan: Report (fxstreet.com) 12/08/2019 - 10:09pm
As Cointelegraph reported, the currency itself has been under development for several years, and was already at an advanced stage when Beijing officially endorsed the use of blockchain technology in ...
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US not keen to follow in China’s footsteps with its own digital dollar (techwireasia.com) 12/08/2019 - 2:03pm
One of the critical items on their agenda: digital currency. China has been toying with the idea of launching its own digital Yuan for a while now — including providing anonymity to those that demand ...
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Hainan Province to Invest 1 Billion Yuan in Blockchain Industry (dcebrief.com) 12/08/2019 - 9:11am
China’s Hainan Province announced a new series of economic measures that include investing 1 billion yuan to promote blockchain industry development, according to a report from state-run media outlet ...
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Thai Law Enforcement Bust Chinese Crypto Call Center Scam in Bangkok   (insidebitcoins.com) 12/08/2019 - 3:07am
Thailand has found itself in the midst of the cryptocurrency industry spotlight, after immigration officers in the country confirmed that they were able to arrest several Chinese nationals who were engaging in crypto-related crime. According to an official announcement published by the Immigration Bureau of the Royal Thai Police on December 2, the...
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Bank of China Issues $2.8B in Bonds for Small Businesses Using Blockchain Tech (nz.finance.yahoo.com) 12/07/2019 - 7:44pm
Bank of China, one of the four major commercial banks in China, has issued 20 billion yuan ($2.8 billion) in blockchain-based bonds for small and micro-sized enterprises with their own blockchain ...
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EU: No “Stablecoin” Cryptocurrency Should Operate in Europe Until Risks Addressed (crowdfundinsider.com) 12/07/2019 - 3:57am
Stablecoins are a type of cryptocurrency designed to maintain a stable value. They often mimic real-world currencies such as USD, yen or yuan and are being used now for cross-border payments, often ...
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Brace for the Digital-Money Wars (wsj.com) 12/06/2019 - 4:07pm
Digitizing the Chinese yuan—and eventually the dollar—would open new fronts in the fight over privacy and trade.
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Bank of China Issues $2.8B in Bonds for Small Businesses Using Blockchain Tech (bitcoin.worldnewsoffice.com) 12/06/2019 - 3:51pm
Bank of China has issued 20 billion yuan, or about $2.8 billion, in blockchain-based bonds to small businesses.
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Bank of China Issues $2.8B in Bonds to Small Businesses Using Blockchain Tech (bitcoin.worldnewsoffice.com) 12/06/2019 - 1:09pm
Bank of China has issued 20 billion yuan, or about $2.8 billion, in blockchain-based bonds to small businesses.
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Bank of China Issues $2.8B in Bonds for Small Businesses Using Blockchain Tech (coindesk.com) 12/06/2019 - 1:05pm
Bank of China has issued 20 billion yuan, or about $2.8 billion, in blockchain-based bonds to small businesses.
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Bank of China Issues $2.8B in Bonds for Small Businesses Using Blockchain Tech (e-cryptonews.com) 12/06/2019 - 1:05pm
The bond issuance is part of the country’s effort to support entrepreneurs with more efficient access to capital. As of September, the bank has lent 404 billion yuan ($57.7 billion) to more than 410,000 small and micro sized enterprises, the bank said.
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Bank of China Issues $2.8B in Bonds to Small Businesses Using Blockchain Tech (coindesk.com) 12/06/2019 - 1:05pm
Bank of China has issued 20 billion yuan, or about $2.8 billion, in blockchain-based bonds to small businesses.
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BIS Fears Central Banks May Lose Relevance to Private Cryptos (bitcoinist.com) 12/06/2019 - 11:12am
For Agustin Carstens, head of the Bank of International Settlements (BIS), central banks cannot concede their roles as gatekeepers of the global financial system to private cryptos. Meanwhile, authorities in the U.S. say no plans exist to create a digital U.S. dollar (USD) despite reports of some major nations looking to float their own sovereign...
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Bank of China Issues $2.8B in Bonds for Small Businesses Using Blockchain Tech (finance.yahoo.com) 12/06/2019 - 11:02am
Bank of China, one of the four major commercial banks in China, has issued 20 billion yuan ($2.8 billion) in blockchain-based bonds for small and micro-sized enterprises with their own blockchain ...
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China’s Digital Currency Claims to Have 220,000 Transactions-Per-Second (beincrypto.com) 12/06/2019 - 8:34am
China is looking to use a blockchain-based digital currency to surpass the U.S. dollar in global dominance. However, its claimed transaction speed is raising eyebrows. An arms race of stablecoins will soon be upon us as the geopolitical climate heats up. With China committing itself to blockchain development, it is accelerating its work on its...
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Mnuchin, Powell see no need to issue digital dollar ‘in the next 5 years’ (theblockcrypto.com) 12/06/2019 - 6:35am
U.S. Treasury Secretary Steven Mnuchin and Federal Reserve Chairman Jerome Powell are not keen on issuing a digital dollar. “Chair Powell and I have discussed this at length- we both agree that in the near future, in the next five years, we see no need for the Fed to issue a digital currency,” Mnuchin said Thursday at a House Financial Services...
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Deutsche Bank’s Imagine 2030 Report Shows Crypto to Replace Fiat in the Next Decade (coinspeaker.com) 12/06/2019 - 6:03am
Coinspeaker Deutsche Bank’s Imagine 2030 Report Shows Crypto to Replace Fiat in the Next Decade Cryptocurrencies continue to make strong inroads in the global economy as even the global governments and banks have started experimenting with crypto assets. In its latest report dubbed Imagine 2030 , Deutsche Bank analyst Jim Reid said that...
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Bank of China Issues $2.8B in Bonds for Small Businesses Using Blockchain Tech (sg) 12/06/2019 - 5:48am
Bank of China, one of the four major commercial banks in China, has issued 20 billion yuan ($2.8 billion) in blockchain-based bonds for small and micro-sized enterprises with their own blockchain ...
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China’s crypto-yuan could be too big for blockchain: Report (bitcoinwarrior.net) 12/05/2019 - 9:13pm
The latest edition of the China Blockchain Report outlined China’s blockchain vision and the PBoC’s race against Libra, the proposed stablecoin project from Facebook. The report stated that China ...
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Huawei legally challenges FCC's Universal Service Fund ban (e-cryptonews.com) 12/05/2019 - 12:57am
Huawei has challenged the United States Federal Communications Commission (FCC) in court for banning it from selling network equipment in the country. The FCC agreed to ban telcos from purchasing Huawei and ZTE equipment from its Universal Service Fund (USF) in late November. In its explanation, the FCC said Huawei and ZTE pose national security...
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China Is Close To Issuing a Cryptocurrency: Here's What To Expect (bitrates.com) 12/04/2019 - 12:14pm
China is close to launching its own national digital currency. It's an effort that has been underway since late 2018 , and now, it's coming to fruition. The upcoming currency is called the Chinese Central Bank Digital Currency―or CBDC for short. It will be issued by the People's Bank of China, which serves as the country's central bank.There's...
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Report: Bank of France to test digital currency in 2020 (theblockcrypto.com) 12/04/2019 - 11:57am
France is looking to test central bank-issued digital currency in 2020, according to news site AFP. In a Wednesday conference hosted by the French Prudential Supervision and Resolution Authority (ACPR), the central bank's governor François Villeroy de Galhau said that the bank will start testing digital currency soon and "will launch a call for...
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To Thrive, Crypto Exchanges Huobi and OKEx Aim for Chinese Govt. Embrace (blockonomi.com) 12/04/2019 - 7:20am
Many cryptocurrency exchanges left China after the fall of 2017, when the Chinese government launched a market-moving crackdown on domestic crypto trading platforms. Since then, many such companies moved abroad, but some exchanges stayed — or at least used various workarounds to stay open to Chinese users. In some cases, those firms that left...
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There Are More Dollars in Venezuela Now Than There Are Bolivars (nz.finance.yahoo.com) 12/04/2019 - 6:46am
Amid sanctions that limit the country’s access to the mainstream global financial system, the state-owned oil company has been known to conduct transactions in Chinese yuan, and the central bank has ...
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There are more dollars in Venezuela now than bolivars (sfchronicle.com) 12/03/2019 - 5:05am
Amid sanctions that limit the country's access to the mainstream global financial system, the state-owned oil company has been known to conduct transactions in Chinese yuan, and the central bank has ...
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Binance acquires Chinese blockchain data startup DappReview for undisclosed sum (theblockcrypto.com) 12/03/2019 - 2:16am
Cryptocurrency exchange Binance has acquired Beijing-based blockchain data startup DappReview, which tracks nearly 4,000 decentralized applications (dapps) built on over 10 public blockchains, including Ethereum and Tron. The two firms did not disclose the price of the acquisition. Viktor Radchenko, founder of Binance's Trust Wallet, told CoinDesk...
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China finishes design and development of digital yuan currency (phnompenhpost.com) 12/03/2019 - 1:26am
Libra is known as a “stable coin” among cryptocurrency assets with a relatively stable price backed mainly by US dollars. Libra are issued by the Libra Association made up of private companies, and ...
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China preps for digital yuan launch (technology.inquirer.net) 12/02/2019 - 4:29pm
Libra is known as a “stable coin” among cryptocurrency assets with a relatively stable price backed mainly by U.S. dollars. Libra are issued by the Libra Association made up of private ...
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Is a Blockchain Based Future in China Really a Good Thing? (bitcoinist.com) 12/02/2019 - 2:00pm
Crypto markets are still cooling off from a massive bout of FOMO that originated from China last month. The state’s new endorsement of blockchain technology sent a shock wave of excitement throughout the space, as the nation prepares to launch its own sovereign digital currency. But is this move really a good thing for the space? China’s New Drive...
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Huobi Joins Chinese Blockchain Alliance with China Telecom and Others (insidebitcoins.com) 12/02/2019 - 8:55am
Cryptocurrency exchange Huobi’s Chinese branch recently joined the Blockchain Services Network (BSN). The alliance is indicative of the State Information Center (SIC) of China. Authorities court Huobi Several Chinese news websites reported that Huobi announced its membership to BSN during an SIC sponsored conference on December 1. It has become...
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Sunday Digest: Bitcoin Price And Other Crypto News (bitcoin.worldnewsoffice.com) 12/01/2019 - 3:37pm
China announced that it was introducing facial scans for mobile phone users in an attempt to further monitor its citizens to ensure real identities are used online. We asked if the proposed Crypto Yuan will also be a tool for mass surveillance. Bitcoin Price Well in terms of bitcoin price that week could have gone a lot worse. Although of course,...
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Crypto on Identity: China begins Phase 2 of digital yuan roll-out (bitcoin.worldnewsoffice.com) 12/01/2019 - 7:12am
Phase 1 of the digital yuan roll out was the imposition of capital limitations, it can be found here. China is beginning what could be the second phase of the roll-out for the digital yuan. With The post Crypto on Identity: China begins Phase 2 of digital yuan roll-out appeared first on AMBCrypto.
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Sunday Digest: Bitcoin Price And Other Crypto News (bitcoinist.com) 12/01/2019 - 6:57am
China announced that it was introducing facial scans for mobile phone users in an attempt to further monitor its citizens to ensure real identities are used online. We asked if the proposed Crypto Yuan will also be a tool for mass surveillance . Bitcoin Price Well in terms of bitcoin price that week could have gone a lot worse. Although of course...
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China Experiences Second Major Bank Run This Month, Further Highlighting a Need for Digital Currencies (cryptosyringe.com) 12/01/2019 - 1:48am
China’s Yingkou Coastal Bank was forced to stack yuan behind the counter recently as it struggled to meet withdrawal demands. This is a problem that China has faced multiple times in the past month throughout the country. China’s banking system is showing cracks as some are struggling to process withdrawals. The solution has been a carrot-on-the-...
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China’s crypto-yuan will be used to monitor every user: John McAfee (bitcoin.worldnewsoffice.com) 11/30/2019 - 6:54pm
On the latest edition of the MoneroTalk podcast, host Douglas Tuman spoke to John Mcafee about his opinions on anonymity in cryptocurrencies, China’s proposed CBDC, and Bitcoin being labeled digital The post China’s crypto-yuan will be used to monitor every user: John McAfee appeared first on AMBCrypto.
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Another Bank Run in China, Fidelity Reveals Reward Token, UPbit Hacked Funds on the Move (coinspice.io) 11/29/2019 - 11:42am
TL;DR: Welcome to In Case You Missed It (ICYMI), a daily crypto news update. Another bank run has reportedly happened in China. Fidelity using tokens to reward employees. UPbit hacked funds on the move. Blockchain will save the food industry $31 billion. Robinhood withdraws its banking license application, and read.cash introduces multiple...
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Binance CEO Clarifies Situation on Crypto in China (bitcoinist.com) 11/29/2019 - 3:00am
In a recent interview, the enigmatic chief executive of crypto exchange Binance expressed his views on the current situation in China. There has been a lot of unwarranted FUD emerging in the mainstream media regarding another crypto crackdown but is it all warranted? China and Crypto: Nothing New The forty-minute interview conducted on YouTube...
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