Latest News on CHINA

Asia

Crypto Project Baer Chain Has Been Classified as a Ponzi Scheme by the Chinese Police Department

The police department of the Haizhou district in Lianyungang, a coastal city in China published a notice on " information verification and registration of investment members of the Baer Chain case” on June 15. According to the notice, the project has been classified as a Ponzi scheme.

Sarah Tran

Jun 22, 2020

| 2 Min Read

#PONZI SCHEME #PLUSTOKEN #BAER CHAIN #COINMARKETCAP #CMC #CHINA

CBDC:Asia

Singapore Consults China on Central Bank Digital Currency

Singapore is considering a partnership with China as it works on developing a Central Bank Digital Currency dubbed Project Ubin

Godfrey Benjamin

Jun 21, 2020

| 2 Min Read

#BLOCKCHAIN #CBDC #PROJECT UBIN #DIGITAL YUAN #DIGITAL CURRENCIES #SINGAPORE #CHINA

Politics

President Trump Instructed Clamp Down on Bitcoin, Alleges Former National Security Advisor

John Bolton, a former national security advisor in the Trump administration, has purported that the US president ordered Treasury Secretary Steven Mnuchin to crack down on Bitcoin in mid-2018.

Brian Njuguna

Jun 19, 2020

| 2 Min Read

#TRUMP #BITCOIN #CRYPTOCURRENCIES #UNITED STATES #CHINA #BOOK #JOHN BOLTON

Asia

Chinese Telecommunications Giant ZTE Collaborates with China Mobile to Publish Blockchain and Edge Computing White Paper

Chinese multinational telecommunications giant ZTE has partnered with China Mobile, along with the Chinese Ministry of Industry and Information Technology Laboratory, and Peking University to publish a “blockchain and edge computing whitepaper.”

Sarah Tran

Jun 17, 2020

| 2 Min Read

#CHINA #BLOCKCHAIN #EDGE COMPUTING #ZTE #CHINA MOBILE #WHITEPAPER

CBDC:Asia

China Leads Pan-Asian Digital Currency Project to Compete with Facebook's Libra

Led by China, four Asian countries are in the early stages of developing a joint digital currency. The currency will help keep the Dollar and Libra in check

Godfrey Benjamin

Jun 16, 2020

| 2 Min Read

#BLOCKCHAIN #LIBRA #CBDC #DIGITAL CURRENCIES #PAN-ASIA #SOUTH KOREA #JAPAN #HONG KONG #CHINA

Technology

China’s First National Level Blockchain Cross-Border Financial System Goes Live

China Guangfa Bank (CGB), a major Chinese bank, has officially launched the blockchain-based cross-border financial service platform on June 15, with the guidance of the Guangdong Branch of the State Administration of Foreign Exchange.

Sarah Tran

Jun 15, 2020

| 2 Min Read

#BLOCKCHAIN #CHINA #CBG #CROSS-BORDER FINANCE #TRADE FINANCE #GUANGFA BANK

Asia

Chinese Banks Clarify on Crypto Account Freezing Despite Alipay’s Crypto Ban Last Year

China’s banks were rumored to be freezing client accounts that have a history associated with the buying and selling of cryptocurrencies. However, according to a recent report, Chinese banks have clarified that this is not the case, and they are not shutting down any legal fiat to crypto accounts.

Sarah Tran

Jun 15, 2020

| 2 Min Read

#CHINA #CRYPTO #BITCOIN #ALIPAY #BANK OF CHINA #PBOC

Bitcoin

Bitcoin Adoption is the Ultimate Protest Against Government and State Abuse of Freedoms

As protests break out across the globe against state and central authorities, are the protesters overlooking their best and most potent weapon in Bitcoin? Bitcoin in essence, was built for protest and could potentially destabilize the central source of power for our governments—control over traditional financial systems.

Lucas Cacioli

Jun 15, 2020

| 4 Min Read

#BLOCKCHAIN #BITCOIN #INFLATION #PEOPLE #ECONOMY #USA #CHINA #PROTESTS #GEORGE FLOYD #HONG KONG #BLM #UMBRELLA REVOLUTION

Asia

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.

Lucas Cacioli

Jun 11, 2020

| 2 Min Read

#BLOCKCHAIN #CHINA #STAKEHOLDERS #DATA #SHARING #PRIVACY #OWNERSHIP #GOVERNMENT #PAYMENT

Asia

China Issues New ‘Bejing Action Plan’ to Accelerate the Inclusion of Blockchain in the Economy

The Chinese government issued a new “Beijing Action Plan” aiming to accelerate the inclusion of new emerging technologies in the country’s economy. China aims to leverage new technologies including artificial intelligence (AI), 5G, industrial internet, blockchain, big data, and others to promote the steady growth of Beijing’s economy post-pandemic.

Sarah Tran

Jun 10, 2020

| 2 Min Read

#ECONOMY #CHINA #BEIJING ACTION PLAN #AI #BLOCKCHAIN #TECHNOLOGY #FREE-TRADE

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