Tag: DCEP
Crypto Advocate, Andrew Yang, May Become Mayor of New York City
Bitwise Plans to Publicly Trade Its Bitcoin Fund – Seeks Verification from FINRA
Bitwise is looking to get a regulatory framework, allowing it to trade shares of its bitcoin fund publicly on an over-the-counter (OTC) marketplace.
Are CBDCs considered to be ‘real money’?
As cryptocurrencies cement their position in investor's portfolios, nations around the world are also showing great interest in digital currencies that are backed by fiat currencies. The idea of a Cen
The post Are CBDCs considered to be 'real money'? appeared first on AMBCrypto.
Swyftx Review: Complete Exchange Overview
National Digital Currencies: Who’s Next and Is There Any Cause to Celebrate?
Hardly a week goes by without news of some country preparing to launch a digital currency. It’s not necessarily good news for the crypto industry and in most cases, these currencies have nothing to do with crypto. Financial regulators have a love-hate relationship with crypto. On the one hand, they realize the advantages: speed, low […]
The post National Digital Currencies: Who’s Next and Is There Any Cause to Celebrate? appeared first on BeInCrypto.
UK Authorities Get Serious with Stablecoins, Set to Unveil Regulatory Framework
DCEP Usage Has Breached 2 Billion Yuan
On Monday, the People’s Bank of China (PBOC) governor Yi Gang announced that 4 million separate transactions had been done so far using China’s new digital currency. He gave an estimate of more than 2 billion digital yuan spent. The 2 billion ($300 million) yuan was used during China’s digital currency pilot. Being the initial […]
The post DCEP Usage Has Breached 2 Billion Yuan appeared first on Asia Crypto Today.
The Digital Currency War: China outpaces the west
Over 90 percent of people in China’s largest cities use electronic payment as their primary payment method.
DCEP Adoption: How to use the Digital Yuan
From the Bank of England to the European Union, to the United States Federal Reserve, central banks are leaning towards utilizing a central bank digital currencies (CBDCs) model in managing their nations’ financial affairs. However, amid the growing list of countries developing a state-backed digital currency, China leads the global race with its DCEP. Although […]
The post DCEP Adoption: How to use the Digital Yuan appeared first on Asia Crypto Today.
China’s Digital Yuan Passes Internal Tests
Since early this year, China has continuously tightened up testing of its first national bank-upheld advanced money, referred to there as DCEP, or “digital currency electronic payment.” While different nations have made comparable endeavors to dispatch a computerized sovereign cash, moves by the world’s second-biggest economy hold a more elevated level of centrality. Albeit numerous nations, including China, have not [...]
The post China’s Digital Yuan Passes Internal Tests appeared first on Coin News Asia.