TL;DR Breakdown $3 million digital yuan to be given to Shangai residents Air drop aimed at improving CBDC adoption Africa joins race for CBDC Shangai has announced that it would be airdropping digital yuan worth $3 million to 350,000 consumers in a lottery-style system. The airdrop is to grow the digital yuan further. The municipality, […]

The balance sheet of the European Central Bank (ECB) has risen to 77% of the Gross Domestic Product (GDP) of Eurozone which includes Germany, France, Italy and Spain. ECB’s balance...

Chinese regulators in the Hainan province have warned residents not to involve themselves in cryptocurrency-related fundraising activities, as they are illegal in the island province.  Hainan Cautions Against Illegal Crypto-Related Fundraising Activities According to Reuters on Thursday (June 3, 2021), a report by Nanguo Metropolis Daily stated that the local branch of China’s central bank,Read More

Shanghai will be airdropping 55 yuan to 350,000 consumers in a lottery style system to further grow the digital yuan According to...

“If I were not at Square or Twitter I’d be workin on bitcoin. If it needed more help than Square or Twitter, I’d leave them for bitcoin.” So said the...

The Chinese city of Shanghai would airdrop 19.25 million digital yuan equivalent to USD 3 million via a lottery system as per the Information Office of Shanghai Municipality. The Chinese CBDC is currently being tested across the country at various levels after its development was completed in 2019.  A total of 350,000 digital red envelopes,

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The Group of 7 (G7) has reiterated past comments about stablecoins and its opposition to those that don't align with "relevant legal, regulatory, and oversight requirements."

The post G7 central bankers, finance ministers discuss stablecoins, central bank digital currencies at latest meeting appeared first on The Block.

Over the weekend, Shanghai will hold a lottery in which participants may win "red packages" of Digital Yuan valued around 20 million Yuan ($3 million).

The Bitcoin 2021 conference in Miami is well underway. First day: done. Apparently, sadly, production failed and there were thousands of people in line for hours. They missed the first few talks, but we didn’t. Eventually, they got to experience a wild happening of epic proportions full of Bitcoin-related art and activities, though. We didn’t. […]

An Irish politician has called for stronger measures to be taken to regulate digital currency in the European Union to provide greater legal certainty for businesses and more robust protections to crypto consumers. Chris MacManus, a Sinn Fein Member of the European Parliament (MEP) for Midland Northwest, said cryptocurrency laws should be tightened across the […]

There is no need to fear: The cryptocurrency market in 2021 is much different than the market of 2017.