Category: China CBDC
Large scale bans in bitcoin mining in China have seen the mining hash rate hit a three-month low.
The post Bitcoin Mining Hash Rate Drops to Lowest in 180 Days appeared first on BeInCrypto.
Two banks in China have begun offering cash exchange services for the digital renminbi, according to reports from local media.
The post Digital Renminbi and Cash Exchange Service ATMs Launch in Beijing appeared first on BeInCrypto.
China’s fourth-largest bitcoin mining province threatens to shut down non-compliant companies by the end of June.
The post Yunnan Province in China Clamps Down on Illegal Bitcoin Mining appeared first on BeInCrypto.
Shanghai will be airdropping 55 yuan to 350,000 consumers in a lottery style system to further grow the digital yuan
The post Shanghai Set to Airdrop Over $3 Million in Digital Yuan appeared first on BeInCrypto.
Continuing on with its central bank digital currency trials, China is handing out $6.2 million worth of its digital yuan to Beijing residents.
The post China Handing Out $6.2 Million of Digital Yuan in Beijing appeared first on BeInCrypto.
A former People’s Bank of China (PBoC) official has defended China by clarifying its motivations behind developing a central bank digital currency (CBDC).
The post Former PBoC Official Denies Digital Yuan Will Be a Surveillance Tool appeared first on BeInCrypto.
Chinese crypto traders are reportedly continuing to trade in the market, despite regulatory scrutiny, by using OTC platforms.
The post Crypto Traders Circumventing China’s Crackdown With OTC Platforms appeared first on BeInCrypto.
China has announced that it will be cracking down on bitcoin mining within the country, in an attempt to protect the country’s financial system while reducing carbon emissions.
The post China Turns Attentions to Bitcoin Mining as Crackdown Continues appeared first on BeInCrypto.
As cryptocurrencies have gained popularity and traction, some fear their decentralized, unregulated nature could have catastrophic consequences for the global financial system. This has led to calls for central banks to issue their own digital currencies (CBDCs).
The post The Rise of CBDC — What These Digital Currencies Could Look Like appeared first on BeInCrypto.
Credit rating agency Fitch Ratings said that central bank digital currencies (CBDC) could disrupt financial systems as a result of disintermediation and cybersecurity threats.
The post Fitch Ratings: CBDCs May Disrupt Financial Systems if Risks Not Managed appeared first on BeInCrypto.
BeInCrypto presents our daily morning roundup of crypto news and market changes that you might have missed while you were asleep.
The post What Changed in Crypto Markets While You Were Sleeping — May 10 appeared first on BeInCrypto.
Chinese payments app, Alipay, has launched a digital renminbi solution for select users, granting a slew of features.
The post Alipay Testing Digital RMB Payment Feature in Preliminary Trial appeared first on BeInCrypto.
Alibaba’s Ant Group, the official partner of China’s PBoc for its Digital Yuan has started working on digital currency trials involving other stakeholders within the country. China’s online-only bank MYbank, wherein Ant Group holds a 30% stake, is the latest to join the trials and will allow some of its users to link their bank
The post Alibaba’s Ant Group to Allow Online Bank MYBank Test China’s CBDC Digital Yuan appeared first on Coingape.
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