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Tag: Digital Yuan

Bitcoin News Summary – April 20, 2020

The post Bitcoin News Summary – April 20, 2020 appeared first on 99 Bitcoins.

 Leaked photos of an interface of a digital Yuan recently came to light. Despite lacking confirmation from Chinese authorities, the report outlined basic functions noticeable from the screenshot including the possibilities of both online and in-person transactions. The country is inching closer towards launching its central bank digital currency. Purse.io is dissolving operations after 6 [...]

Bank Of China Says Digital Yuan Will Not Cause Inflation

The Bank of China’s secretive digital currency tests have led to tremendous curiosity among Chinese citizens. Recently, the bank responded with an official...

China to Test State-Backed Digital Currency in Four Regions

China is actively moving forward with its Central Bank Digital Currency. New reports are now revealing how the rollout for the project could...

Chinese Government Workers to Receive 50% Transport Subsidy in May Via New Digital Currency

With China’s central bank digital currency (CBDC) also known as DC/EP, now in its pilot stage, new reports have revealed that the...

Unconfirmed: China’s National Digital Currency Reportedly Ready for Testing

China’s long-awaited government-backed digital currency is reportedly set to undergo trial in selected regions in the country, according to leaked information. The screenshot,...

Chinese Gov’t Sets Up a Committee for Blockchain and DLT Standards

The Chinese government and its federal authorities are getting increasingly involved in the blockchain space to push forward innovation throughout the country. In the...

Two Versions of Digital Dollar Emerge as Contenders, but Unlikely to Come Soon

The coronavirus pandemic is the biggest global crisis since the events that sparked the creation of Bitcoin (BTC) in 2008, and is one...

Bank of Korea Launches Experimental Trial for National Cryptocurrency

The central bank of South Korea has announced the launch of its Central Bank Digital Currency (CBDC) pilot project to determine the...

Tapping Into Tokenization for Fresh Ideas: Changing Finance, Gaming and More

With ongoing talks of Central Bank Digital Currencies and now even a possible digital dollar, tokenization continues to be a hot topic both...

People’s Bank of China Continues CBDC Development Talks

The People’s Bank of China held a teleconference on April 3 in Beijing, China. One of the main points confirmed during the call...

Cointelegraph Exclusive: Former CFTC Chair Looks to Digital Dollar Beyond COVID-19 Stimulus

The digital dollar has been the talk of the crypto world this week. Drafts of the COVID-19 stimulus bill first included and then...

How Market Volatility Is Shining a Light on DeFi’s Structural Vulnerabilities

On March 12, United States President Donald Trump gave a 10-minute speech on COVID-19 that, coupled with the World Health Organization’s official declaration...

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