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Revolutionizing Gaming and Tackling Addiction: Crypto Yuan’s Role in China

In the ever-evolving landscape of gaming, China stands out as one of the world’s largest markets, with millions of players immersed in virtual worlds. While gaming offers entertainment and socialization, it has also raised concerns about addiction, particularly among the younger generation. However, an innovative solution is on the horizon:…

China’s Digital Yuan: What You Need to Know

China has been working on its own digital currency, the digital yuan, for several years now. The People’s Bank of China (PBOC) has been testing the digital currency in several pilot cities, including Shenzhen, Suzhou, Chengdu, and others. The digital yuan is not a cryptocurrency like Bitcoin or Ethereum, but…

What is a Blockchain?

Blockchain technology is a revolutionary way to store and transmit data securely and transparently. It is a decentralized, digital ledger that records transactions across a network of computers. Each block in the chain contains a number of transactions, and once a block is added to the chain, its contents cannot…

Delay of CryptoYuan

The People’s Bank of China has postponed a digital development program scheduled for the first quarter of this year. The reason for the suspension is the quarantine introduced because of the coronavirus, which has affected government agencies, reports the Global Times, citing informed sources. “The outbreak of coronavirus has led…

China may be just about to launch its digital currency in two cities

The Central Bank of China will test the national digital currency for electronic payments before the end of this year. The sovereign cryptocurrency test – DCEP (CryptoYuan) – will be conducted in two cities: Shenzhen and Suzhou. China may be the first large economy to issue its own digital money.…

China is ready to start own crypto-currency

Employees of the People’s Bank of China said that the five-year work on the official cryptocurrency of the country has been completed, they are ready to launch it “in the near future”. Mu Changchun, deputy head of the bank’s payment division, added that its architecture and prototype are ready. “We…

Chinese Yuan will become cryptocurrency (CryptoYuan)

INSEAD professor and co-founder of the Blockchain Research Institute (BRI) Don Tapscott (Don Tapscott) said that the yuan – the official Chinese currency – will become a cryptocurrency (CryptoYuan).  In an interview with Bloomberg, Tapscott said that he recently met with the vice-chairman of the Chinese Communist Party. The official…

10000 Bitcoins on a market drops

Chinese businessman Mike Kai in an interview for a local newspaper Sina Finance said that he could achieve his personal goal – to accumulate 10 thousand bitcoins. Mr. Kai is the founder of the well-known photo application in China Meitu. He is also known as the angel investor of start-ups.…

South Korea ‘Legalizes’ Cryptocurrency Trading

Wilma Woo | Bitcoinist South Korea lawmakers have confirmed cryptocurrency exchanges will become de facto legal January 30 as they enact new laws about anonymity in trading. 6 Banks On Board For Change In its most recent statements, the country’s Financial Services Commission (FSC) confirmed that exchanges must only permit…

The China Effect on Blockchains and Cryptocurrencies Future

In the past 3 weeks, news that the Chinese government was cracking down on ICOs and forcing cryptocurrency exchanges to halt trading has sent the markets tanking. Trading volumes on the cryptocurrency exchanges are down significantly, and the pull-back in activity is not just from the Chinese Yuan and exchanges,…

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