The Suzhou authorities in China introduced the next round of Crypto Yuan testing. In total, about $ 5 million will be distributed among citizens. According to financial experts will now check the end-to-end infrastructure for future Crypto Yuan transactions.This year, 150 thousand Suzhou residents will be involved in testing a…
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Last week News.cn published photos of a CryptoYuan hardware wallet that does not require a smartphone. Despite rapid economic development, about 38% of China’s population still does not use smartphones. That is, about 680 million people will not be able to use government cryptocurrency functions that are available on smartphones.…
Chinese e-commerce giant JD.com has added support for the crypto yuan. Crypto yuan can be used to pay for a range of goods in the online store of the retail chain JD Digits. We will remind, earlier the authorities of Suzhou announced a lottery of 20 million crypto yuan (~…
China Construction Bank has opened a crypto-yuan digital wallet registration and users can now apply for it in the bank's app. Currently, the wallet supports credit card balance replenishment, QR code scanning and payment, as well as transfers.
Last week in the cryptocurrency market has become a test for the bulls. Market growth, which continued over the past few weeks, was called into question in the middle of the last reporting period. On the night of February 15-16, the cost of the “first cryptocurrency” fell below the $ 10,000 mark,…
China has launched a national blockchain platform that will allow the introduction of state cryptocurrency. The first payments in CryptoYuan will be made in July. While this will take place in test mode. Beijing has serious intentions. Although the Central Bank has not yet officially confirmed the Crypto-Yuan implementation schedule, it is expected…
Faced with the opportunities and the threat posed by the Facebook Libra cryptocurrency project, the central bank of China should reconsider the plan for creating a national digital currency (CryptoYuan), says the former head of the People’s Bank of China. According to the South China Morning Post, former People’s Bank…
The concept of digital currency to rise quickly pulled the afternoon, as of this writing, Hublot shares, Huijin shares, the public should be interconnected, Heng Bank Financial and other daily limit, Julong shares, GRG, the Blue Division software and other daily limits. On the news, it was reported that in the afternoon of April 22, the Xiong’an New District…
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.…