As China readies for world debut of e-CNY, could this country be its first remittance partner

If there's one country that started off 2022 with a lot of energy and a packed calendar, it was none other than China. After all, as the Beijing Winter Olympics draw closer, so does the launch day of The post As China readies for world debut of e-CNY, could this country be its first remittance partner appeared first on AMBCrypto.

411 +

Red Winter Marches on as Turkish Stocks Crash While China Loosens

335 +

Safe Cryptos To Invest in During a Crypto Winter

Crypto winters are one of the greatest fears of crypto investors and are predicted to occur in four-year cycles, with the previous cycle occurring in 2018. Moving forth to the year 2021, this phenomenon is believed to have commenced in early November 2021, where massive selloffs of Bitcoin and Ethereum took place as a result of a collective of negative catalysts such as the US Infrastructure Bill, China’s clampdown on Bitcoin mining and the emergence of the Omicron Covid variant, just to name a few.

361 +

China's e-CNY efforts on war footing, but here are the issues that need solving

China has taken several steps to successfully implement its digital Yuan, despite some setbacks in the past. Now, the Beijing Winter Olympics is set to take center stage in February. According to Fan The post China's e-CNY efforts on war footing, but here are the issues that need solving appeared first on AMBCrypto.

491 +

Law Decoded: India ponders going full China on crypto, Nov. 22–29

The world's sixth-largest economy could adopt a hardline stance against decentralized cryptocurrencies as soon as this winter.

220 +

India makes new steps as it moves towards this winter’s crypto ban

After China banned pretty much everything crypto-related earlier this year, India started moving in the same direction. Now, its government is preparing for new crypto crackdowns as the lond-pending bill that will ban cryptocurrencies in the country approaches.

224 +

China Reportedly Forces McDonald’s To Expand Digital Yuan Trials Ahead Of Winter Olympic Games

American fast-food restaurant chain McDonald’s is reportedly being pressured by China to expand the trial program of its digital yuan central bank digital currency (CBDC). According to a Financial Times report, digital yuan wallets are already being trialed as a payment option in over 250 McDonald’s stores in Shanghai.

400 +

Report: China coerces McDonald’s to adopt e-CNY ahead of Winter Olympics

China is pressing fast-food company McDonald’s to embrace its central bank digital currency (CBDC) as the Beijing Winter Olympics inch closer. A report citing three people familiar with the matter disclosed this news earlier today, noting that McDonald’s has received instructions to integrate a digital renminbi payments system across its restaurants in the country.

300 +

China braces itself for CBDC rollout, companies to implement e-CNY payment pilots

Winter is coming and so are the Beijing Winter Olympics, in just four months. Yet, in spite of the falling temperatures, China is only heating up when it comes to rolling out its CBDC. Now, more buThe post China braces itself for CBDC rollout, companies to implement e-CNY payment pilots appeared first on AMBCrypto.

407 +

McDonald's Reportedly Pressured to Adopt China's CBDC Ahead of Winter Olympics

China is reportedly pressuring U.S. companies to accept its controversial CBDC

273 +

Countries representing over 90% of global GDP are exploring CBDCs

Governments around the world are pouring more resources into CBDC research and exploratory use cases. Among the major economies, China appears to be pulling ahead and has plans to implement digital-yuan usage during the 2022 Winter Olympics in Beijing.

414 +

China hits back at senators 'making troubles' about digital Yuan

China plans to carry out the trial of its Digital Currency Electronic Payment [DCEP] or digital Yuan in 2022 during the Winter Olympics. In fact, according to People's Bank of China [PBoC] Governor FaThe post China hits back at senators 'making troubles' about digital Yuan appeared first on AMBCrypto.

349 +

China wants US senators to ‘stop making trouble’ out of digital yuan

China’s Foreign Ministry responded to U.S. senators’ claim regarding the digital yuan’s function as a tracking and tracing tool during the 2022 Beijing Winter Games.

241 +

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.

419 +

U.S. Senators Want American Athletes Banned From Using China’s e-CNY During Beijing Olympics

Three U. S. Senators are clamoring for a ban on the use of China’s upcoming central bank digital currency (CBDC) for American athletes at the forthcoming Beijing Winter Olympics in 2022.   E-CNY Not for U.

368 +

Why A Group of U.S. Senators Oppose Use of Digital Yuan in Beijing Winter Olympics

China’s central bank digital currency, the digital Yuan or e-CNY, is well on its way for full implementation. The People’s Bank of China (PBoC) release a Whitepaper with details on their CBDCs for the first time since the project was made public.

279 +

China Could Test Digital Yuan With Foreigners at 2022 Winter Olympics

A top executive of the People’s Bank of China (PBOC) revealed that it was planning to test its proposed digital yuan with foreigners at the upcoming 2022 Winter Olympics in Beijing.  International Trial for Digital Yuan According to CNBC on Sunday (April 18, 2021), Li Bo, deputy governor of the PBOC said that international visitorsRead More

465 +

China Plans to Allow Use of Digital Yuan at Winter Olympics in 2022

Continue reading at Coinspeaker

260 +

China aims to let foreigners use digital yuan at Winter Olympics in 2022

China wants to allow foreign athletes and visitors to use the county’s digital currency during the Beijing Winter Olympics in 2022.

359 +

China to implement its digital currency at the Winter Olympics Games

China wants to use its newly developed currency at the Winter Olympics Games in the coming years. The digital currency has become the center point of focus for the Chinese authorities since the cryptocurrency ban.

290 +

China Plans to Use Its Digital Yuan During 2022 Winter Olympic Games

Coinspeaker China Plans to Use Its Digital Yuan During 2022 Winter Olympic GamesAs China expands its pilot testing, the country plans to launch its digital yuan for use before the 2022 Winter Olympic Games.

306 +

China to use CBDC for 2022 Winter Olympic Games

Ever since China has announced its CBDC, the world has been keeping a close eye on the country’s updates regarding the coin. There is still no news regarding the exact launch date, however, China did reveal one thing, and that is that it plans to use its CBDC during the Winter Olympic Games in 2022.

388 +

China Testing Digital Currency in Major Cities, Including Beijing and Hong Kong

China’s Ministry of Commerce has announced the pilot run of the country’s central bank-backed digital currency in major cities, including Beijing, Hong Kong, and Macau. It will also be tested during the 2022 Winter Olympics games in Beijing, the ministry said.

314 +

Western blockchain investors knock on the door of Chinese crypto scene

President Xi of China’s announcement that blockchain should be a strategic goal has accelerated the expansion of Outlier Ventures, Europe’s first venture firm and incubator dedicated to blockchain technology – into China, promising the early indicators for thawing of crypto winter.

363 +

Prices of Bitcoin Miners in China Have More Than Doubled

The bitcoin mining frenzy is on and miner rigs are once again in high demand following the recent market escalation. It saw the industry emerge from a five-month crypto winter.… The post Prices of Bitcoin Miners in China Have More Than Doubled appeared first on CoinCentral.

289 +

Bitcoin Analyst Says BTC Could Reach $25,000 by End of 2019

Bitcoin price analyst Oliver Isaacs predicts bitcoin hitting $25,000 this winter, citing signs of mainstream adoption and the U.S.–China trade war as influencing factor

346 +

Exploring Illegal Mining Camps in Western China

This article was originally published by 8btc and written by Vincent He. Although China has shut down bitcoin trading platforms and deemed them illegal, its attitude toward bitcoin mining is still ambiguous.

518 +

Chinese Bitcoin Miners Suffer in Iran Despite Cheap Power

This article was originally published by 8btc and written by Lylian Teng. Many Chinese cryptominers have migrated to places with cheap electricity and favorable policies as a result of the escalated government crackdown on cryptocurrency and its production process.

485 +

China Crypto Mining is Catching Its Second Wind, Bitcoin Miners Adapting in the Hunt for Power Savings

Chinese Bitcoin mining community is back in action again, buying second-hand mining equipment and making deals with hydroelectric power plants in order to cash on the abundant water supply during the summer would hopefully reduce the energy consumption costs for the miners.

439 +

Today’s Cryptocurrency News: A Look at the Top Headlines Across Bitcoin and Blockchain

Crypto Bear Market Caused Nearly 1 Million Bitcoin Mining ASICs in China to Hibernate but May Be Back Online Soon The crypto winter has been strenuous for the entire industry, from investors to miners to exchanges.

325 +

Huobi and Bitmain Planning Layoffs Amid Crypto Bear Market

As the price of Bitcoin and cryptocurrencies have fallen by as much as 90 percent from their all-time highs, crypto companies are starting to feel the strain. According to the South China Morning Post, Chinese crypto giants Huobi and Bitmain are planning staff layoffs owing to the almost year-long crypto winter.

439 +

Where Are They Now?: More than a Year Since the ICO Ban, China Is a World Leader in Blockchain Technologies

Ever since the winter boom of 2017, blockchain and cryptocurrencies were catapulted into global discourse like never before; whether it was the sky-high crypto-market capitalizations, or the rush of freshly-funded blockchain startups advancing the frontiers of the bustling sector, it became evident it was no “fad.

428 +