Screenshots of China’s Digital Yuan Supposedly Emerge

Screenshots of China’s Digital Yuan Supposedly Emerge

Reports of an upcoming Chinese CBDC, or ”digital yuan”, have been circulating for over a year. Now, however, it seems as if it might soon become reality. In fact, screenshots from a ”pilot version” of an official digital yuan wallet application are now making the rounds. Pictures of Chinese CBDC reportedly wallet leak These pictures … Continue reading Screenshots of China’s Digital Yuan Supposedly Emerge

Breaking Report Says Real Life Test of Digital Yuan by China’s Central Bank is Imminent

Breaking Report Says Real Life Test of Digital Yuan by China’s Central Bank is Imminent

Fresh reports are indicating that China intends to conduct real-world tests of its central bank digital currency this year. Specifically, the first tests of this CBDC will reportedly take place in the high-tech Chinese city of Shenzhen. China will reportedly deploy CBDC testing before the end of 2019 This news first came in a local … Continue reading Breaking Report Says Real Life Test of Digital Yuan by China’s Central Bank is Imminent

Bitcoin Falls to $7,000 After China Promises to “Dispose Of” Local Crypto Exchanges

Bitcoin Falls to $7,000 After China Promises to “Dispose Of” Local Crypto Exchanges

The cryptocurrency markets have taken a substantial hit during the last 24 hours. As Toshi Times reported yesterday, China is now taking action against cryptocurrency exchanges in the country. Moreover, this is raising concerns that China will now aim to stomp out local cryptocurrency exchanges. China promises to “dispose of” cryptocurrency exchanges Specifically, this all … Continue reading Bitcoin Falls to $7,000 After China Promises to “Dispose Of” Local Crypto Exchanges

China Cancels Plans to Ban Crypto Mining and Signs Blockchain Push Agreement

China Cancels Plans to Ban Crypto Mining and Signs Blockchain Push Agreement

The regulatory situation in China for cryptocurrencies has been shaky to say the least. A large amount of uncertainty has made investors unsure how to approach the rapidly growing sector. Now, however, China appears to have put off its potential plans to ban cryptocurrency mining – amid a crypto-friendly reversal. New documents say China will … Continue reading China Cancels Plans to Ban Crypto Mining and Signs Blockchain Push Agreement