Search Results for: CHINA

China’s Central Bank Digital Currency Research Unit Signs Deal with Huawei

The Chinese central bank, People’s Bank of China’s (PBoC) Digital Currency Research Institute, has signed an agreement with multinational telecommunications giant Huawei.  Fan Yifei, the PBoC deputy governor signed the fintech research cooperation agreement between Huawei and PBoC’s Digital Currency Research Institute in Shenzhen at Huawei’s headquarters.   Huawei said that the “strategic cooperation” agreement is for FinTech research. Fan also … Continue reading China’s Central Bank Digital Currency Research Unit Signs Deal with Huawei

China Updates Smart City Infrastructure with Blockchain-Based City Identification System

Since President Xi Jinping’s call for an acceleration of blockchain development in China, the Middle Kingdom has not taken a backward step in the technology’s integration. As reported by the Global Times on Nov. 4, China has integrated an independently developed blockchain-based identification system for its cities into its smart city infrastructure. The new identification … Continue reading China Updates Smart City Infrastructure with Blockchain-Based City Identification System

Dr. Alicia Garcia-Herrero's Take on China’s CBDC and Facebook’s Libra

In Part 1 of our interview with Alicia Garcia-Herrero of Natixis, we took a deep dive into the impact of central bank digital currencies (CBDC) regarding monetary policy and financial stability. In Part 2 of the interview, Garcia-Herrero explained the disruption of China’s CBDC – digital currency electronic payment (DCEP) on China’s monetary system. She also commented on the … Continue reading Dr. Alicia Garcia-Herrero's Take on China’s CBDC and Facebook’s Libra

China’s Central Bank’s DCEP is Trying to Make WeChat Pay and Alipay Redundant

Mu Changchun, the Director-General of the Institute of Digital Currency of China’s central bank, People’s Bank of China, spoke at one of the panels at the Singapore Fintech Festival held at the Singapore Expo on Nov. 12 regarding the future of digital currencies.  Mu made a comment regarding China’s central bank digital currency (CBDC), also … Continue reading China’s Central Bank’s DCEP is Trying to Make WeChat Pay and Alipay Redundant

Official State-Run Publication Reports Blockchain Development in China to Reach $2 Billion In 2023

Chinese publication, Xinhua, reports that blockchain technology will reach $2 billion in 2023, and blockchain development in China is expected to increase by a compound annual growth rate of 65.7% from 2018 to 2023. A study conducted by American intelligence firm, IDC, stated that a large proportion of China’s blockchain spending was headed towards the … Continue reading Official State-Run Publication Reports Blockchain Development in China to Reach $2 Billion In 2023

Binance CEO: China is Setting the Precedent as a Blockchain Superhouse

Since President Xi Jinping’s endorsementfor blockchain development acceleration in China, this nation has heeded to these calls and is continuously making incredible moves in this arena.  Changpeng Zhao, commonly known as CZ, the CEO, and founder of crypto exchange Binance, stipulated that the Chinese President’s calls will do wonders as they will instigate mass blockchain … Continue reading Binance CEO: China is Setting the Precedent as a Blockchain Superhouse

Beware Of Impostors: China Has Not Issued or Released A Date For Its Digital Currency

It has come to the notice of the People’s Bank of China that some online platforms have been spreading fake news claiming that China has issued its digital currency, “DC/EP” or “DCEP,” and as such, have established online trading platforms to process transactions. Owing to this, a statement released by the People’s Bank of China … Continue reading Beware Of Impostors: China Has Not Issued or Released A Date For Its Digital Currency

Crypto Leaders Discuss Libra, China's CBDC and a Cashless Future at the Singapore Fintech Festival

The Singapore Fintech Festival gathered even more blockchain professionals on Day 2 of the event, kicking off with representatives of tech giants including Intel, Microsoft, and Nasdaq sharing insights on navigating the impending economic slowdown and global uncertainty regarding the global access to data.  A noteworthy panel followed on the topic of “defining the future … Continue reading Crypto Leaders Discuss Libra, China's CBDC and a Cashless Future at the Singapore Fintech Festival

China’s Central Bank Takes A Step Forward to Regulate Blockchain

China’s central bank, the People’s Bank of China is set to create industry standards across the financial technologies sector, including blockchain.   According to a report from the Xinhua News Agency, the PBoC Vice President, Yifei Fan said that the central bank is aiming to regulate new technologies in the financial sector more extensively. He added that blockchain is one … Continue reading China’s Central Bank Takes A Step Forward to Regulate Blockchain

Partner at Proof of Capital Presumes That China’s Digital Currency Could Go Live in No Time

In her view, Edith Yeung, fund manager, and partner at Proof of Capital, a blockchain-based venture capital fund, presumed that the Chinese Government could launch their digital currency, virtual yuan, in no distant time, assumably, within the next six to twelve months. While speaking to reporters at East Tech West conference in the Nansha district … Continue reading Partner at Proof of Capital Presumes That China’s Digital Currency Could Go Live in No Time

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