Search Results for "china"
PBoC Governor Yi Gang Reports $300 Million in Digital Yuan Pilot Transactions
China’s digital yuan pilot testing in four of its cities has recorded a sum of nearly $300 million (two billion yuan) in transactions according to the People’s Bank of China's Head.
China's Blockchain Initiative Hits Roadblock as Stakeholders Refuse to Share Private Data for Free
China’s blockchain initiative is going ahead full steam, but local and provincial officials are facing some resistance from stakeholders who are not enthusiastic about sharing their data.
China’s Tencent Will Invest 500 Billion Yuan in Blockchain and New Technology Infrastructure
Chinese tech giant Tencent Holdings, the owner of China’s messaging platform WeChat has announced that the company will be investing 500 billion yuan ($70 billion) in the next five years in emerging technologies including blockchain, artificial intelligence (AI), cloud computing, and cybersecurity. Tencent is aiming to strengthen the development of FinTech in China, following the push of accelerating the development of blockchain as stated by the country’s President Xi Jinping.
Tencent, Huawei, and Baidu Executives to Join China’s New National Blockchain Committee to Set Industrial Standards
The Chinese central government has put together a national blockchain committee to work on setting industrial standards. The Ministry of Industry and Information Technology (MIIT) issued a notice on April 13 of the “Public Notice on the Formation of a National Blockchain and Distributed Ledger Technology Standardization Technical Committee.”
Dr. Alicia Garcia-Herrero's Take on China’s CBDC and Facebook’s Libra
In Part 2 of the interview, Garcia-Herrero explained the disruption of China’s CBDC – digital currency electronic payment (DCEP) on China’s monetary system. She also commented on the basket of currencies that Facebook’s Libra supports and Libra’s potential threat to monetary sovereignty.
Huawei Files Patent For Blockchain Ledger Storage and Device
Chinese technology giant Huawei has applied for a patent on a new blockchain-based storage systems.
China Evergrande's Financial Crisis Triggered Monday's Sell-off, Crypto Prices Follow the Slump
The Crypto market slumped as fueled by the financial crises of China Evergrande.
Chinese Government to Consider Cross-Border East-Asian Stablecoin for Hong Kong Amid Implementing Controversial National Security Law
Chinese officials to consider a cross-border stablecoin in Hong Kong, to facilitate a cross-border payment network between three Asian countries, and four currencies China, Japan, and South Korea. The world’s second-largest economy is aiming to build Hong Kong into an international financial center in the digital economy era. At China’s annual “Two Sessions,” also known as the National People’s Congress, China’s most important annual political event in Beijing, officials set the decision to impose new national security legislation on Hong Kong.
Digital Yuan Transactions Overtakes Visa during Beijing Winter Olympics
According to a Wall Street Journal, at the opening ceremony of the 2022 Winter Olympics in Beijing, the number of transactions using the digital yuan greatly exceeded that of Visa.
Chinese City Eyes Blockchain Applications for Urban Governance and Smart Education
Chengdu, the capital of China’s Sichuan province, aims to develop blockchain applications to revolutionize cross-border trade, urban governance, and smart education by 2022.
Michael Saylor: China's Clampdown on Crypto will be a "Trillion-Dollar-Mistake"
MicroStrategy CEO Michael Saylor said the recent Chinese crackdown on cryptocurrency and mining activities would be a trillion-dollar mistake.
Blockchain Projects in China Are All Hype and No Chain?
Blockchain projects from the very beginning have been hyped before any real substance or proof of work. This was a trend in 2017 following countless exit scams and initial coin offerings (ICOs) that had great plans to change the world, but ultimately only changed people’s bank accounts for the worst.
