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Tag: DCEP

Crypto Advocate, Andrew Yang, May Become Mayor of New York City

Crypto Advocate, Andrew Yang, May Become Mayor of New York
Crypto Advocate, Andrew Yang, May Become Mayor of New YorkAndrew Yang–a crypto advocate and the Democratic Party candidate for New York City Mayor, leads polls and is likely to replace the incumbent, Bill de Blasio, Politico reports on Feb 11. Former Presidential candidate, Yang, is Popular in New York The 46-year politician is popular among voters whose primary concerns are about the low rate
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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

Crypto traders living in Australia have an exchange option that the rest of us don’t have. That’s Swyftx, a Queensland-based exchange that was conceived...

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 

U.K. Classifies Cryptocurrencies as Property Under English Law
U.K. Classifies Cryptocurrencies as Property Under English LawThe government of the United Kingdom is making active plans to transform the nation’s financial ecosystem and ultimately make the region a hotbed for innovative businesses. The government says it plans to formulate amenable regulations for stablecoin initiatives and central bank digital currencies (CBDCs), according to a statement November 9, 2020. Stablecoins Part of the
Read MoreRead More. The post by Ogwu Osaemezu Emmanuel appeared first on BTCManager, Bitcoin, Blockchain & Cryptocurrency News

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.

How Will China’s DCEP Affect WeChat Pay and Alipay?

With the growing interest and adoption of cryptocurrencies, about 80% of central banks worldwide are looking to create their own cryptocurrency....

The Digital Yuan’s Abrupt Discontinuation – What You Need To Know

China has gained considerable ground when it comes to progress in Central Bank Digital Currency (CBDC). It has begun to roll...

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