Search Results for: Cheng

Singapore Consults China on Central Bank Digital Currency

The discussions on central bank digital currencies (CBDCs) are now becoming commonplace in today’s blockchain ecosystem. With growing interests among central banks around the world in developing their own digital currencies, the paradigm on the future of blockchain technology has shifted with notable promises. Singapore has joined its Asian counterparts, like Hong Kong, South Korea, … Continue reading Singapore Consults China on Central Bank Digital Currency

China’s Central Bank Reveals First Cohort of its FinTech Regulatory Sandbox Pilot

The Chinese central bank’s Shanghai headquarters has recently revealed the Shanghai FinTech Innovation regulatory sandbox application list.  The People’s Bank of China’s (PBoC) Shanghai branch is currently soliciting opinions from the public on eight applications to be included in the FinTech innovation supervision pilot. The central bank has revealed that there were 13 applicants, including … Continue reading China’s Central Bank Reveals First Cohort of its FinTech Regulatory Sandbox Pilot

Chinese Crypto Investors Orchestrated Digital Heist to Recuperate Lost Crypto

China-based crypto investors launched a cryptocurrency scam of their own, after falling prey to a number of crypto schemes themselves. Defrauded Investors Seeks Vengeance The targeted investor, dubbed Yang was reported to have created a fake investment scheme, after losing his own digital assets in a cryptocurrency MLM project. Not only did he fail to … Continue reading Chinese Crypto Investors Orchestrated Digital Heist to Recuperate Lost Crypto

China’s CBDC Testing Expansions Exaggerated, Digital Currency Details Revealed

China has been reportedly continuously expanding the trials of its central bank digital currency (CBDC) significantly, and in the wealthier cities in the country. China’s CBDC, also known as the digital currency electronic payment (DCEP), has been said to be “ready” for some time, however, the exact date of its rollout has not been set. … Continue reading China’s CBDC Testing Expansions Exaggerated, Digital Currency Details Revealed

China’s DCEP Aims to Restructure the Payment Network While Maintaining a “Normal” Monetary Policy

China has been developing its central bank digital currency (CBDC) for some time, recently testing its digital currency electronic payment (DCEP) on retail small-scale transactions.  Recently, a Chinese senior central bank official said China should maintain a “normal” monetary policy as the country has been reportedly recovering from the coronavirus pandemic smoothly. Head of monetary … Continue reading China’s DCEP Aims to Restructure the Payment Network While Maintaining a “Normal” Monetary Policy

Chinese Crypto Veteran Reveals More About Binance After Top Executives Leave CoinMarketCap

Recently, many CoinMarketCap executives have left the company, just months after Binance acquired the crypto data provider.  Binance, one of the largest digital asset exchanges in terms of trading volume and users, has officially announced the acquisition of CoinMarketCap in April for an undisclosed fee. According to the press release shared with Blockchain.News, the acquisition creates synergies for both companies … Continue reading Chinese Crypto Veteran Reveals More About Binance After Top Executives Leave CoinMarketCap

China-Based Crypto Ponzi Scheme Generates $1 Billion Before Being Flagged

A cryptocurrency Ponzi scheme was reported by Chinese law officials, but not before criminals reaped a profit of more than $1 billion from it. Four Chinese men, Li Qibing, Wang Xiaoying, Gao Yudong, and Tian Bo have been arrested by law officials in Yancheng after their fraudulent billion-dollar crypto Ponzi scheme was uncovered by Chinese … Continue reading China-Based Crypto Ponzi Scheme Generates $1 Billion Before Being Flagged

Chinese City Eyes Blockchain Applications for Urban Governance and Smart Education

Chengdu, the capital city of China’s Sichuan province, seeks to form a blockchain application to revolutionize cross-border trade, urban governance, smart manufacturing, government services, smart education, financial services, smart healthcare, and smart agriculture by 2022. Creating 30 typical blockchain application scenarios This information was disclosed during the city’s international blockchain industry expo dubbed the 2020 … Continue reading Chinese City Eyes Blockchain Applications for Urban Governance and Smart Education

PBoC Governor Yi Gang Reports $300 Million in Digital Yuan Pilot Transactions

China’s digital yuan pilot in four of its cities has recorded nearly $300 million in transactions according to the head of the People’s Bank of China. Yi Gang, Governor of the People’s Bank of China said that the digital yuan pilot program that has been rolled out in four major Chinese cities is making great … Continue reading PBoC Governor Yi Gang Reports $300 Million in Digital Yuan Pilot Transactions

Suzhou Next City in China to Test Digital Yuan DCEP in Red Envelope Event

As part of its continued efforts to launch its digital yuan dubbed the Digital Currency Electronic Payment (DCEP), China’s central bank is scheduled to test its central bank digital currency for the second time in Suzhou on December 12. The city located in Jiangsu Province of East China will play host to a shopping festival … Continue reading Suzhou Next City in China to Test Digital Yuan DCEP in Red Envelope Event

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