Latest News on CHINA

CBDC:Asia

Bank of Japan Puts Top Economist in Charge of CBDC Development

Bank of Japan’s top economist, Kazushige Kamiyama is now the head of payments and settlements and at the helm of Japan’s exploration of its Central Bank Digital Currency (CBDC) project.

Lucas Cacioli

Jul 31, 2020

| 2 Min Read

#BLOCKCHAIN #DIGITAL YEN #CBDC #JAPAN #BOJ #ECONOMY #HONEBUTO PLAN #ECONOMIST #CHINA

Regulation

China Clarifies its Stance on Bitcoin: Legal if the Crypto Does Not Act as Alternative to Fiat

China has not always been friendly towards cryptocurrencies, however, the country has not completely banned Bitcoin, according to the Beijing Arbitration Commission.

Sarah Tran

Jul 31, 2020

| 3 Min Read

#CHINA #BITCOIN #CRYPTO #REGULATION #BINANCE #LAW #LEGAL

Bitcoin

Chinese Police Arrest 27 Kingpins of Plus Token Bitcoin Scam Worth $5.7 Billion

Chinese authorities have arrested all 27 primary criminal suspects involved in the Plus Token Ponzi scheme that defrauded nearly 40 billion Chinese yuan, approximately $5.7 billion from victims.

Brian Njuguna

Jul 31, 2020

| 2 Min Read

#PLUS TOKEN #CHINA #FRAUD #BITCOIN SCAM #CRYPTO SCAM #PONZI SCHEME #FRAUD #BITCOIN #CRYPTOCURRENCY

CBDC:Asia

China and EU Trade Talks Included the Potential Cooperation of Central Bank Digital Currencies

The European Union and China recently had trade and economic discussions regarding topics including central bank digital currencies (CBDC) and supply chain.

Sarah Tran

Jul 31, 2020

| 3 Min Read

#CHINA #EU #EUROPEAN UNION #CBDC #SUPPLY CHAIN #TRADE #ECONOMICS

Asia

Will Hong Kong's Status as an International Digital Financial Hub be Affected by the National Security Law?

2020 has been quite a year for Hong Kong, marked by months of political unrest, the emergence of the coronavirus pandemic, and a sweeping new national security law that China imposed on the city. The national security law, unanimously passed by China’s ruling Communist Party, sets up against secession, subversion, terrorism, and collusion with foreign forces to endanger national security.

Sarah Tran

Jul 28, 2020

| 4 Min Read

#HONG KONG #FINTECH #TECHNOLOGY #FINANCIAL SERVICES #NATIONAL SECURITY LAW #CHINA

Technology

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.

Lucas Cacioli

Jul 28, 2020

| 1 Min Read

#HUAWEI #BLOCKCHAIN #PATENT #STORAGE #DEVICE #LEDGER #PBOC #CBDC #CHINA

Asia

China’s Central Bank Reveals First Cohort of its FinTech Regulatory Sandbox Pilot

The Chinese central bank’s Shanghai headquarters has recently revealed the Shanghai FinTech Innovation regulatory sandbox application list. The People’s Bank of China’s (PBoC) Shanghai branch is currently soliciting opinions from the public on eight applications to be included in the FinTech innovation supervision pilot.

Sarah Tran

Jul 24, 2020

| 2 Min Read

#CHINA #PBOC #CENTRAL BANK #SHANGHAI #FINTECH #REGULATION #REGULATORY SANDBOX

CBDC:Americas

Senate Hearing Views Digital Dollar CBDC as Critical to Maintaining Global Reserve Currency Status

The United States government’s plan for its digital dollar or central bank digital currency (CBDC) may have just reached a new level of urgency, as the US hopes to maintain its most effective tool of power—global dependence on the Federal Reserve and the US dollar.

Lucas Cacioli

Jul 23, 2020

| 3 Min Read

#SENATE #DIGITAL DOLLAR #UNITED STATES #CHINA #YUAN #CBDC #FEDERAL RESERVE #GLOBAL #CURRENCY #ECONOMY

Regulation

China's Central Bank Publishes Rules for Blockchain-Based Financial Applications

The People’s Bank of China (PBoC) has published a set of evaluation rules for blockchain-based finance applications. The published rules aim to provide regulatory oversight using three basic standards bordering on technical, performance, and security.

Godfrey Benjamin

Jul 23, 2020

| 2 Min Read

#CHINA #DIGITAL YUAN #CBDC #DCEP #BLOCKCHAIN #PBOC #CENTRAL BANK

Regulation

China’s Supreme Court Decides to Strengthen the Protection of Cryptocurrency Property Rights

The Chinese Supreme Court has decided to strengthen cryptocurrency property rights. China’s Supreme Court is looking to further protect property rights, including economic property rights through different ownership systems in accordance with the law.

Sarah Tran

Jul 23, 2020

| 2 Min Read

#CHINA #LEGAL #REGULATION #CRYPTOCURRENCIES #CRYPTO

ZEN INVESTING