China

Blockchain Experts Discuss: Will Blockchain Be the Missing Piece to Financial Inclusion?
China

Blockchain Experts Discuss: Will Blockchain Be the Missing Piece to Financial Inclusion?

The Singapore Fintech Festival rounded up blockchain discussions on the last day of the festival, focusing on one of the main themes of the event, financial inclusion.

Binance CEO: China is Setting the Precedent as a Blockchain Superhouse
China

Binance CEO: China is Setting the Precedent as a Blockchain Superhouse

Changpeng Zhao, commonly known as CZ, the CEO and founder of crypto exchange Binance, stipulated that the Chinese President’s calls will do wonders as they will instigate mass blockchain adoption.

Crypto Leaders Discuss Libra, China's CBDC and a Cashless Future at the Singapore Fintech Festival
China

Crypto Leaders Discuss Libra, China's CBDC and a Cashless Future at the Singapore Fintech Festival

A noteworthy panel followed on the topic of “defining the future of digital currency,” joined by Christian Catalini, co-creator of Libra and Head Economist of Calibra, Mu Changchun, Director-General of the Digital Currency Institute of the People’s Bank of China, HE Serey Chea, from the National Bank of Cambodia and Umar Farooq, Head of Blockchain at J.P. Morgan Chase & Co.

Beware Of Impostors: China Has Not Issued or Released A Date For Its Digital Currency
China

Beware Of Impostors: China Has Not Issued or Released A Date For Its Digital Currency

Owing to this, a statement released by the People's Bank of China on October 13, warned the general public to beware of such fake platforms and organizations as they are not related to the Bank of China.

China’s Central Bank’s DCEP is Trying to Make WeChat Pay and Alipay Redundant
China

China’s Central Bank’s DCEP is Trying to Make WeChat Pay and Alipay Redundant

Mu Changchun, the Director-General of the Institute of Digital Currency of China’s central bank, People’s Bank of China spoke at one of the panels at the Singapore Fintech Festival held at the Singapore Expo on Nov. 12 regarding the future of digital currencies.

Chinese Police Put MicroBT CEO Under Microscope Over Alleged Dispute With Bitmain
China

Chinese Police Put MicroBT CEO Under Microscope Over Alleged Dispute With Bitmain

Chinese Police have just resumed its investigation of intellectual property infringement involving Yang Zuoxing, CEO of Shenzhen Bit Microelectronics Technology and Bitmain.

Shanghai Municipal Commission of Commerce Signs a Blockchain Alliance Proposal to Foster Trade And Finance
China

Shanghai Municipal Commission of Commerce Signs a Blockchain Alliance Proposal to Foster Trade And Finance

Shanghai Municipal Commission of Commerce had signed a written proposal giving the Shanghai government departments and six financial companies an opportunity to establish an E-port area blockchain alliance with the sole aim of fostering international trade and financial services.

Dr. Alicia Garcia-Herrero's Take on China’s CBDC and Facebook’s Libra
China

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.

China Updates Smart City Infrastructure with Blockchain-Based City Identification System
China

China Updates Smart City Infrastructure with Blockchain-Based City Identification System

China Updates Smart City Infrastructure with Blockchain-Based City Identification System

China’s Central Bank Digital Currency Research Unit Signs Deal with Huawei
China

China’s Central Bank Digital Currency Research Unit Signs Deal with Huawei

The Chinese central bank, People’s Bank of China’s (PBoC) Digital Currency Research Institute has signed an agreement with multinational telecommunications giant Huawei.