The financial landscape is evolving at a rapid pace, and two key innovations—cryptocurrencies and artificial intelligence (AI)—are at the forefront of this revolution. Among the various digital currencies, China’s crypto yuan (also known as the digital yuan or e-CNY) has garnered significant attention. As the first major economy to launch a central bank digital currency…
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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 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…
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…
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…
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.…
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…
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…
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.…
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…