China Archives - Page 4 of 15

China’s Leading Blockchain Infrastructure Provider Adds Polkadot

November 26, 2020

Blockchain Service Network (BSN), a China-based blockchain infrastructure provider, backed by the Chinese Government announced that it has integrated cross-chain communication blockchain protocol Polkadot, Oa...

Suzhou To Introduce Digital Yuan ‘Red Envelope’ Trial For Double 12 Event

November 23, 2020

Suzhou to introduce digital yuan 'red envelope' trial for double 12 event. According to a report in local Chinese media outlet The Paper, the city of Suzhou will be the second to roll out a “red envelope” tri...

PBoC Head Says China’s Digital Yuan Pilots Processed $300M So Far

November 2, 2020

PBoC head says China's digital yuan pilots processed $300M so far. More information about the country's ongoing digital currency pilot have been issued by the governor of China's central bank. Yi Gang, gover...

Ex PBoC Governor Says Digital Yuan Will Combat US ‘Dollarization’

October 29, 2020

Ex PBoC governor says digital yuan will combat US 'dollarization'. A former senior official has shared that China’s digital currency approach will favor its domestic retail system and prevent the dollarizatio...

Bank Exec Says Digital Yuan Will Work With WeChat And Alipay

October 26, 2020

Bank Exec says digital yuan will work with WeChat and Alipay. Mu Changchun, head of the digital currency research institute of the People's Bank of China, said that the digital yuan backed by the central bank...

China’s Central Bank Drafts Law On CBDC Legitamacy

October 25, 2020

China's central bank drafts law on CBDC legitimacy. A proposed law was released on Friday by China's central bank, the People's Bank of China (PBOC), which aims to provide a regulatory structure and legitimac...

Former China IT Minister Says Blockchain Still Too Young

October 24, 2020

Former China IT Minister says blockchain still too young. China's former vice-minister for Science and Technology and popular digital economics expert Wu Zhongze believes that blockchain technology is still i...

Amendment To China’s Criminal Law Targeting Foreign Casinos To Include 5 To 10 Year Jail Term

October 22, 2020

A recently proposed amendment to China’s criminal law creating a new crime against foreign casinos found to be organizing or soliciting Chinese citizens to gamble would see guilty parties jailed for between f...

Hong Kong Central Bank Willing to Test Digital Yuan

October 21, 2020

The Hong Kong Monetary Authority (HKMA) has confirmed that it is willing to collaborate with the People’s Bank of China (PBoC) for the trials of digital yuan in the special-administrative region. Answering a...

Distributed Ledgers ‘Critical’ in US-China Tech Arms Race Says Trump Administration

October 16, 2020

Distributed ledgers 'critical' in US-China tech arms race says Trump Administration. In its plan to maintain America's technological dominance over China and Russia, the Trump Administration has included "dis...