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Tag: Digital Yuan

Former PBoC official calls on China to reevaluate its ban on crypto

As cryptocurrencies look to be on the road to recovery, with prices rising and daily signs that adoption is on the rise, authorities...

Brace for impact: the market could explode if China lifts its Crypto ban

Beijing has issued a white paper titled “Web3 Innovation and Development White Paper (2023)”, advocating for web3 technology as a crucial component of future...

Binance Australia Suspends AUD Fiat Services, Citing Issues with the Third Party – BitcoinWorld

Binance Australia, a cryptocurrency exchange, has informed its users that it has suspended services involving the Australian dollar. This comes as...

Crypto Aman YouTuber Alleges $80,000 Scam Involving Gate.io Exchange – BitcoinWorld

Renowned Indian crypto influencer, Crypto Aman YouTuber, has come forward with a shocking claim that he was scammed out of $80,000...

FTX Lawyers Sue Bankman-Fried Over Fintech they Now Say Is ‘Worthless’ – BitcoinWorld

The bankruptcy saga of FTX, Alameda Research, and the associated companies led by Sam Bankman-Fried has taken a legal turn. The...

Judge Denies SEC’s Motion to Seal Hinman Documents in Ripple Case – BitcoinWorld

In a significant development, Judge Analisa Torres, who presides over the Ripple vs. SEC case, denied the securities regulator’s motion. The...

Distributed Ledger Tech Could Save TradFi $100B a Year: Lobby Group – BitcoinWorld

According to a new report from the Global Financial Markets Association (GFMA), using distributed ledger technology (DLT) in traditional markets could...

China’s Jiangsu Province to adopt digital yuan in education sector

China’s digital yuan pilot is gaining momentum with Jiangsu Province planning to expand the use of the central bank digital currency (CBDC) to its...

BNP Paribas teams up with Bank of China to promote digital yuan usage

The French bank BNP Paribas is collaborating with the Bank of China (BOC) to promote China's digital currency, the digital yuan, to its corporate...

The Rise of the Yuan and Euro: Is the US Dollar’s Reign as Global Currency Coming to an End?

According to economist Stephen Jen, the US dollar has long held the role of the world’s principal reserve currency, but this...

Dedollarization: A Yuan Tale

Countries are starting to settle trade in local currencies rather than U.S. dollars, and warnings of the dire consequences are heating up. They...

China’s wave of ChatGPT rivals, Alibaba goes multichain: Asia Express

Our weekly roundup of news from East Asia curates the industry’s most important developments. Hong Kong inching close on a clear crypto regulatory pathway...

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