Latest News on CHINA

CBDC:Asia

China to Award DCEP Worth $1.5 Million to Shenzhen Residents to Test Digital Yuan

China’s central bank, the People's Bank of China (PBOC), has teamed up with Shenzhen city to distribute DCEP worth 10 million yuan, approximately $1.5 million to residents.

Brian Njuguna

Oct 12, 2020

| 2 Min Read

#CHINA #CBDC #CRYPTOCURRENCIES #SHENZHEN #DIGITAL ASSETS #DCEP

Regulation

Ripple Co-Founder Hints Move From US Regulation: “Blockchain and Digital Currencies are not Welcome”

Ripple co-founder Chris Larsen is considering moving Ripple’s base from the United States due to crushing biased regulation.

Lucas Cacioli

Oct 07, 2020

| 3 Min Read

#REGULATION #SEC #RIPPLE #XRP #CHRIS LARSEN #BRAD GARLINGHOUSE #CHINA #UNITED STATES #DIGITAL CURRENCY

CBDC

China’s Central Bank Digital Currency DCEP Has Been Processed in Pilot Transactions Worth 1.1 Billion Yuan

In the race to be the first country to launch a functional CBDC, China appears to be in the lead, as it has begun experimenting with its digital currency.

Shine Li

Oct 06, 2020

| 2 Min Read

#TRUMP #DIGITAL CURRENCY #CORONAVIRUS #CHINA #UNITED STATES #DCEP #DIGITAL BANK ELECTRONIC PAYMENT #DCEP #CBDC #TECHNOLOGY

Technology

Tech Adoption Fueled by COVID-19, Will Global Blockchain Adoption Be Accelerated Too?

Coronavirus has driven global economies and businesses to the ground, but one industry that has benefitted from the pandemic appears to be the tech sector.

Shine Li

Oct 05, 2020

| 2 Min Read

#BLOCKCHAIN #TECHNOLOGY #DLT #AMAZON #ALIBABA #CHINA #UNITED STATES #CORONAVIRUS #DIGITAL

DeFi

China Promotes DeFi and Ethereum on CCTV, But Isn't Crypto Banned?

A segment on China's CCTV appeared to actively promote Etheruem and DeFi, but isn't Beijing anti-crypto?

Lucas Cacioli

Sep 28, 2020

| 2 Min Read

#CCTV #CHINA #CRYPTO #DEFI #BITCOIN #ETHEREUM #MEDIA #BAN #DCEP

Cybercrime

Gambling Rings Use Cryptocurrency to Transfer $145.5 Billion of Funds Outside China Every Year, Official Report Reveals

Government officials identified that cryptocurrencies are used to collect and transfer 1 trillion yuan out of China to online gambling and casinos every year.

Nicholas Otieno

Sep 26, 2020

| 3 Min Read

#CHINA #ONLINE GAMBLING BUSINESS #CRYPTOCURRENCY

Industry

Ant Group Launches Blockchain-Powered System to Help SMEs in Cross-Border Trade

China's Ant Group established a blockchain-enabled smart contract platform Trusple to assist small and medium enterprises (SMEs) for cross-border trades.

Brian Njuguna

Sep 26, 2020

| 2 Min Read

#ANT GROUP #BLOCKCHAIN #CHINA #CROSS-BORDER TRADE #SMALL ENTERPRISES #MEDIUM ENTERPRISES #SMES #SMART CONTRACTS

Regulation

China Unlikely to Approve Oracle and Walmart’s TikTok Deal – Blockchain and Bitcoin Implications

China appears to be on edge regarding Oracle and Walmart’s deal with parent company ByteDance for TikTok’s US operations, calling it an “unfair deal.”

Shine Li

Sep 23, 2020

| 3 Min Read

#BLOCKCHAIN #BITCOIN #BYTEDANCE #TIKTOK #DONALD TRUMP #DATA BREACH #CHINA #NATIONAL SECURITY #ORACLE #WALMART

CBDC:Asia

Chinese E-Commerce Giant JD.com to Build CBDC Digital Wallet to Support China’s DCEP

JD.com has recently partnered with the People’s Bank of China Digital Currency Research Institute to build mobile apps and wallets to support China’s CBDC.

Sarah Tran

Sep 23, 2020

| 2 Min Read

#CHINA #BLOCKCHAIN #JD.COM #CBDC #DCEP

Technology

President Donald Trump Approves Oracle Deal, Ban Averted for TikTok but not WeChat

President Trump approved the TikTok deal that Oracle has been working on, postponing a scheduled ban of the video-sharing platform and of WeChat.

Shine Li

Sep 21, 2020

| 4 Min Read

#TIKTOK #WECHAT #PRESIDENT #DONALD TRUMP #ELECTIONS #CHINA #UNITED STATES #US DEPARTMENT OF COMMERCE #ORACLE #BYTEDANCE #WALMART #SPYWARE

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