CBDC tests are proceeding toward deployment, as Chinese internet, fintech and e-commerce giants are leading the digital yuan vanguard.
Tag: China
Bitcoin mining in China set for ‘stricter supervision’ due to carbon concerns
China is reportedly paying more attention to the crypto mining sector, amid concerns of its growing carbon footprint.
Our Man in Shanghai: Huobi to become Grayscale of Asia, Yao Ming’s NFT wine and more …
Huobi tackles the institutional market, you can now own an NFT of basketball star Yao Ming drinking red wine, and China’s digital yuan starts to target the private sector
Top Chinese banks promote CBDC over local payment firms for shopping festival
Leading Chinese banks are promoting the digital yuan over Alipay and WeChat Pay for an upcoming shopping festival in China.
Asia-Pacific’s solarized digitalization agenda in pandemic times
Amid the COVID-19 pandemic, the role of digitalization has become central to achieving sustainability and lessening climate change.
Our Man in Shanghai: DogeMania, ‘Dog-Coin’ trademark dogfight, hashrate outage, government warms up to crypto
Global BTC hashrates still down over 15% following accident, Dogecoin the subject of trademark applications, and government official mentions BTC as an investment alternative
China is studying crypto as an investment tool, says PBoC deputy governor
The central bank official said stablecoins issued by private companies may require “stronger regulatory rules” than Bitcoin.
Our Man in Shanghai: Coinbase listing scorned, graphics cards seized, nostalgia coins rule
Coinbase and cryptocurrencies viewed cynically on Chinese social media, and news of a large mining GPU smuggling bust in Hong Kong.
Macau poised to amend laws to enable digital yuan trials
Macau’s government is taking steps towards introducing a digital currency to combat tax evasion and money laundering in the gambling hub.
Bitcoin power consumption ‘66 times higher than in 2015’: Citigroup
However energy consumption has not matched the 170X price increase over the same period.
