The Central Bank of China has published a whitepaper detailing the national digital currency and its technical data … [Read more...] about Foreign visitors to China will be able to use the digital yuan without a local bank account
China’s region tries to ban crypto mining farms
China’s Inner Mongolia region studies the initiative to limit high energy consumption activities, including crypto mining … [Read more...] about China’s region tries to ban crypto mining farms
China’s JD.com joins digital yuan testing
JD.com Inc. will become the first online retailer to add support for government-backed digital currency … [Read more...] about China’s JD.com joins digital yuan testing
China to launch the second digital yuan testing in Beijing
Chinese authorities expect the upcoming pilot project to become the biggest for new cryptocurrency and will resemble the earlier testing in Shenzhen … [Read more...] about China to launch the second digital yuan testing in Beijing
China could introduce a hardware wallet along its digital yuan
One of the country’s big-four state-owned commercial banks may provide an offline option for storing national cryptocurrency … [Read more...] about China could introduce a hardware wallet along its digital yuan
Over $50 billion moved from China via cryptocurrency in a year
Digital assets help Chinese citizens bypass capital control laws. Stablecoins, like Tether, are used most commonly. … [Read more...] about Over $50 billion moved from China via cryptocurrency in a year
Chinese miners control 65% of bitcoin network’s processing power
According to CoinShares research, China’s bitcoin miners now control almost two-thirds of the crypto-network’s hashrate, which is a general measure of the processing power of the bitcoin network. … [Read more...] about Chinese miners control 65% of bitcoin network’s processing power
Chinese president calls for acceleration of development of blockchain technology
China’s President Xi Jinping said the country needs to “seize the opportunity” afforded by blockchain technology and aim at taking "the leading position in the emerging field of blockchain." … [Read more...] about Chinese president calls for acceleration of development of blockchain technology