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The Impending Dangers of China’s Digital Yuan And Why it Poses Zero Threat to Bitcoin

Of the nearly 80 countries currently interested in developing Central Bank Digital Currencies (CBDCs), China is the clear leader. China, one of the first countries to show interest in CBDCs, has also announced its plans to be using its CBDC, the digital Yuan, by the time the Olympics come around in February 2022. The People’s […] дальше »

2021-7-28 23:39


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US Senators Seek to Forbid American Athletes From Receiving and Using Digital Yuan During Beijing Olympics

Three U.S. senators have urged the United States Olympic & Paralympic Committee to forbid American athletes from receiving or using digital yuan during the Beijing Olympics. Raising many concerns, including privacy, they warned, “Olympic athletes should be aware that the digital yuan may be used to surveil Chinese citizens and those visiting China on an […] дальше »

2021-7-22 16:30


US Senators Want American Athletes to Boycott Digital Yuan At Winter Olympics

Senators in the United States do not want American athletes to use China's central bank digital currency (CBDC) at the 2022 Beijing Winter Olympics. US Senators Say Digital Yuan Use Can Infringe Privacy US Senators Cynthia Lummis, Marsha Blackburn, and Roger Wicker, in an open letter to the US Olympic and Paralympic Committee chair, want […] The post US Senators Want American Athletes to Boycott Digital Yuan At Winter Olympics first appeared on BitcoinExchangeGuide. дальше »

2021-7-21 23:12


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China Reveals Digital Yuan White Paper: Smart Contracts, $5.4B Settled, Large Transfers Traced

The working group involved with the research and development of the digital yuan for the People’s Bank of China (PBOC) has published a paper describing the digital currency’s progress. The PBOC initiated a task force dedicated to the creation of a digital yuan in 2014, and the recently published document is the project’s first white […] дальше »

2021-7-17 21:30


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China’s State-Owned ICBC Bank To Offer Digital Yuan’s Cash Withdrawals In Beijing

Chinese citizens can now convert the Digital Yuan into Cash through the Industrial and Commercial Bank of China (ICBC), which has become the first bank in China to allow such transactions. The state-owned bank launched a feature on Friday 18, in partnership with the Agricultural Bank of China that will allow users to withdraw their […] дальше »

2021-6-19 18:06


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Subcontractors and Builders Located in China’s Xiong’an New Area Are Being Paid in Digital Yuan 

Xiong’an New Area, a state-level new area in Hebei, China, is seeing the use of onchain digital yuan payments, according to a circular issued by the Xiong’an government. The announcement details that Xiong’an subcontractors and builders are being paid using the central bank digital currency (CBDC) via the People’s Bank of China and the new […] дальше »

2021-6-15 00:30