Search Results for: digital-yuan

police, crypto, awareness

Xinjiang Police pledged to combat crypto fraud and started public awareness campaign

The police in China’s Xinjiang Uyghur Autonomous Region has launched a campaign aimed at combating cryptocurrency scams. The police are concerned that “illegal fund-raising, online pyramid schemes. And other cases of economic fraud” are on the rise in the region, according to the Legal Daily. According to the police, crypto fraud and illegal loan services […]

Users will be able to test China's Digital Yuan via Alipay

Users will be able to test China’s Digital Yuan via Alipay

Some of Alipay’s users will be able to participate in the emerging digital yuan commerce ecosystem, according to the company. This new feature is the result of MYbank’s participation in the country’s expanded digital currency electronic payment testing protocols. According to a report published on Monday by China Securities Journal. Ant Group’s involvement in China’s […]

Digital Yuan

China Extends Digital Yuan Trials to Beijing and Neighboring Provinces

China’s Ministry of Commerce today announced it would extend the trials of the nation’s digital currency central bank (CBDC) to include Beijing, as well as provinces Tianjin and Hebei. According to a Wall Street Journal article dated Aug 14, there is not yet a fixed time when the Chinese CBDC’s expanded pilot program will begin. Still, […]

Report: Another Chinese giant, Meituan Dianping, Might Test Digital Yuan

As the People’s Bank of China (PBoC) – the country’s central bank – is said to have engaged in negotiations. With a giant online food distribution network to check the digital yuan. The roll-out of China’s much-discussed central bank digital currency (CBDC) is getting one step closer. Citing “people with direct knowledge of the matter,” […]

Digital Yuan Will Have Trouble Displacing Tether in Asia: Expert

China’s central bank’s digital currency is generally known as a way to challenge the supremacy of the US dollar, not Bitcoin (BTC). Yet acceptance in niches where crypto versions of the dollar flourish can be difficult to find, especially Tether (USDT). Charles Yang of Genesis Block explained at the Unitize panel on Monday why DCEP, […]

Bank of England

Bank of England Releases Discussion Paper on CBDCs

The Bank of England (BoE) is seriously weighing the pros and cons of issuing a central bank digital currency (CBDC) denominated in pounds sterling. Britain’s central bank recognized that a digital pound could be destabilizing for the current banking system. However, digital currency could use the latest FinTech and make transactions easier and faster for […]

US Court Says $250 million stolen from unnamed crypto exchanges

US Court Says $250 Million Stolen from Unnamed Crypto Exchanges

Crypto exchanges and cryptocurrency companies may constantly be trying to improve their usability and security, but when there’s a weakness for hackers to exploit, they go big or go home. According to court documents released by Seamus Hughes at Program on Extremism, the United States District Court for the District of Columbia already convened a […]

Japan's research on central bank digital currency advances

Japan the Next Country to Mint a Central Bank Digital Currency

With finance ministers and central bank governors have recently discussed cryptocurrency regulations at the G-20 summit, Japan is taking notice at home. Leaders at the Bank of Japan (BOJ), Ministry of Finance (MOF), and financial Services Agency (FSA) have held a number of meetings to determine whether the country should become next in line to […]