China Archives - FortuneZ

China’s National Blockchain Project Introduces Polkadot Support

November 27, 2020

China's national blockchain project introduces Polkadot support. Chinese government-backed blockchain project, the Blockchain Service Network, or BSN, is adding support for another batch of main blockchain pr...

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...

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...

Starbucks And McDonalds Allegedly Not Participating In China’s Digital Yuan Testing

October 14, 2020

Starbucks and McDonalds allegedly not participating in China's digital yuan testing. China's central bank digital currency, or CBDC, is still being piloted on a "small scale," mainly involving the retail and ...

China To Criminalise The Luring Of Its Overseas Gamblers

October 14, 2020

China to criminalise the luring of its overseas gamblers. According to state-run media outlet China News Service, the country’s Standing Committee of the National People’s Congress conducted a second reading ...