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ZEN INVESTING

Zen Investing is a unique approach to mastering the art of the stock market by combining timeless Zen philosophy with practical investment strategies. This series introduces readers to profound insights, actionable techniques, and a structured framework for navigating financial markets with clarity and discipline. Whether you're a beginner seeking guidance or an experienced trader exploring new perspectives, Zen Investing offers a fresh path to achieving financial success through mindfulness, wisdom, and strategy.

News

China intensifies focus on blockchain despite cryptocurrency stance

China's Ministry of Industry and Information Technology aims to improve its blockchain technology standards by 2025, calling for public opinion on the draft guidelines. Blockchain is listed as a target industry for growth in the country's 5-year plan.

Zach Anderson

Mar 29, 2023

| 0 Min Read

#CHINA #FINTECH #BLOCKCHAIN #STANDARDS #DEVELOPMENT

News

FTX Founder Faces New Charges, Including Alleged $40M Bribe

FTX founder Sam Bankman-Fried is facing a new 13-count indictment, including an alleged $40 million bribe to a Chinese government official. The bribe was reportedly intended to unfreeze cryptocurrency accounts at FTX's affiliate firm, Alameda Research, which held over $1 billion worth of cryptocurrency.

Jessie A Ellis

Mar 29, 2023

| 0 Min Read

#FTX #CRYPTOCURRENCY EXCHANGE #SAM BANKMAN-FRIED #INDICTMENT #BRIBERY #CHINA

News

Taiwan FSC to regulate crypto

Taiwan's top administrative authority, the Legislative Yuan, will regulate cryptocurrencies via the Financial Supervisory Commission (FSC). Chairman Huang Tien-mu declared that the FSC would supervise Taiwan's crypto business, but not NFTs. The FSC should create and adopt a crypto regulatory framework by March or April. This follows continuous tensions with China, which views Taiwan as a separatist province it intends to dominate.

Zach Anderson

Mar 21, 2023

| 0 Min Read

#LEGISLATIVE YUAN #EXCUTIVE YUAN #TAIWAN #CHINA

News

China announces new financial regulator in governmental overhaul

China is introducing a new national financial regulator as part of a governmental overhaul. The current banking and insurance watchdog, the China Banking and Insurance Regulatory Commission (CBIRC), will be abolished, and its responsibilities will be moved to a brand new administration. The new financial regulator will "strengthen institutional supervision, supervision of behaviors and supervision of functions." There was no specific mention of reforms for the crypto industry.

Luisa Crawford

Mar 08, 2023

| 0 Min Read

#CHINA #FINANCIAL REGULATOR #GOVERNMENTAL OVERHAUL #CBIRC #PBOC

News

CBDC Activity Subsidizes Consumption During Lunar New Year

After COVID-19 restrictions were eased, Chinese local governments are pushing the usage of the country's digital currency, the digital yuan, to boost e-CNY use and consumption.

Rebeca Moen

Feb 07, 2023

| 0 Min Read

#CHINA #CENTRAL BANK #ADOPTION #DIGITAL CURRENCY #CHINESE NEW YEAR #YUAN #CBDC

News

Local Officials Set Ambitious Targets for Digital Yuan Transactions

In 2022, the e-CNY processed $50.5 billion in municipal transactions.

Terrill Dicki

Feb 03, 2023

| 0 Min Read

#BLOCKCHAIN #CRYPTOCURRENCIES #CHINA #BUSINESS #YUAN #CBDC

News

China's Central Bank Digital Currency (CBDC)

China's Central Bank Digital Currency (CBDC) now supports smart contracts. Soochow Securities' mobile app allows e-CNY purchases. Android phones may now perform contactless digital yuan wallet payments.

Rebeca Moen

Jan 21, 2023

| 0 Min Read

#CHINA #SMART CONTRACTS #ADOPTION #DIGITAL CURRENCY #YUAN #PEOPLES BANK OF CHINA #CBDC

News

Ex-Chinese Central Banker Says Digital Yuan: Use Has Been Minimal

In October, two years after introduction, China's digital yuan transactions reached $14 billion (100 billion yuan). 261 million people possessed e-CNY wallets, according to a January PBOC study. China UnionPay reported 903.6 million mobile payment users in 2021. Tsinghua University finance professor Xie Ping was PBOC research director.

Rebeca Moen

Dec 30, 2022

| 2 Min Read

#YUAN #CBDC #CHINA

Asia

Chinese corporations offer metaverse World Cup viewings, X2Y2 backtracks on royalties, and more.

China-based technology companies are reportedly working on tech that would give Chinese soccer fans the ability to watch the FIFA World Cup within the metaverse. Video streaming platform Migu is one of six Chinese firms that has secured the rights to show the World Cup. The efforts are part of a five-year plan released by the Chinese government in early November to boost the local virtual reality industry.

Zach Anderson

Nov 21, 2022

| 2 Min Read

#WORLD CUP #CHINESE #METAVERSE #CHINA

Bitcoin

China Plays Top Crypto Whale, Followed By US: Sources

Despite its harsh stance on crypto, the China government could still be holding significant amounts of Bitcoins.

Nicholas Otieno

Nov 03, 2022

| 3 Min Read

#CHINA #US #BITCOIN #CRYPTO #WHALES

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