Tag: dcep

Feb 03 2021

China Leads Africa’s Digital Currency Race

Feb 03 2021 Published at CoinDesk under tags  africa dcep opinion policy & regulation

With years of public investment and plenty of penetration for its phone makers, China is well placed to establish a digital currency in Africa.

Jan 14 2021

Crypto News: HongKong Approves First Crypto ETF Fund Worth $100 Million

Jan 14 2021 Published at Coingape under tags  blockchain news btcbrl btcbusd btcdai btceur

Hong Kong, China has approved an Exchange Traded Fund (ETF) worth $100 million that would also include 10% in cryptocurrency. The ETF would be raised by Yibo Financial as per a report from Wu Blockchain. Hong Kong, China has approved the first ETF fund involving cryptocurrency, and Yibo Financial said it will raise 100 million The post Crypto News: HongKong Approves First Crypto...

Dec 24 2020

Crypto China: Construction Bank in China Launches First Insurance Policy Paid in Digital Currency

Dec 24 2020 Published at Coingape under tags  btcbrl btcbusd btcgbp btcjpy btcrub

China Construction Bank, one of the largest banks in China has started a new use case for the country's much talked about digital yuan by issuing the first insurance policy completely paid in the national digital currency. The digital yuan settled insurance policy was launched in association with ZhongAn Online P&C Insurance. Local media reports The post Crypto China: Construction Bank in China...

Dec 14 2020

“We Don’t Have Ambitions to Replace Existing Currencies”- Ex-PBOC Chief on Digital Yuan

Dec 14 2020 Published at Coingape under tags  btcbrl btcbusd btceur btcjpy btcngn

China's growing influence in the digital currency space has created a sense of urgency among many western counterparts especially the US who view China's national digital currency as a threat to their financial sovereignty. The US Dollar is currently the default currency of trade in the international trade market with over 88% of market dominance The post "We Don't Have Ambitions to Replace...

Dec 04 2020

What Is a CBDC?

A CBDC is a central bank digital currency, a new type of money governments are experimenting with that often has blockchain at its core.

Nov 20 2020

Central Bankers, Experts Outline Possible Scenarios for CBDC Adoption

Nov 20 2020 Published at CoinDesk under tags  cbdc dcep policy & regulation

Central bank digital currencies can have broad implications for the global balance of power, experts say.

Nov 19 2020

Goldman Sachs Expects Digital Yuan to Reach 1B Users Within 10 Years

Goldman Sachs predicts China’s digital yuan will attract 1 billion users within a decade, helping China’s commercial banks compete with fintech companies.

Nov 12 2020

How Ant’s Suspended IPO Is Related to China’s Digital Yuan

Nov 12 2020 Published at CoinDesk under tags  china dcep global pboc policy & regulation

Ant’s suspended IPO exposes potential financial risks posed by the fintech giant’s digital payment platform Alipay. The digital yuan may be China’s attempt at a solution.

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