Award-winning journalist Colin Wu is crypto-Twitter’s bridge to the Chinese press. He extracted and translated the main points of an article from CaiXin magazine, “which is most recognized by Chinese financial officials.” Apparently, they “interviewed people close to the People’s Bank of China and other government agencies” and got their perspective on this year’s iteration […]

A former executive from the People’s Bank of China (PBoC) has stated that developing the digital yuan will help create competition for Alipay-like payment platforms. [...]

A former official of the People’s Bank of China (PBOC) argued that contrary to opinions about China’s central bank digital currency (CBDC), the digital yuan was not developed for monitoring purposes.  Digital Yuan Not For Tracking Citizens’ Payments  According to Bloomberg on May 30, Yao Qian, the former director of the PBOC’s Digital Currency InstituteRead More

The Former Director at the People’s Bank of China (PBOC) announced that monitoring payments was never the intention of China Digital Yuan development.

A former People's Bank of China (PBoC) official has defended China by clarifying its motivations behind developing a central bank digital currency (CBDC).

The post Former PBoC Official Denies Digital Yuan Will Be a Surveillance Tool appeared first on BeInCrypto.

Chinese "crypto dad" and ex PBoC director Yao Qian insists digital yuan is not a surveillance tool for the government.

China is accelerating its pursuit of a digital yuan that is anticipated to be finally rolled out before the end of 2021. One of the reasons to issue its own central bank digital currency (CBDC) is to keep a close eye on and control the transactions of the citizens.

China’s latest move on crypto crackdown could be overall good for the renewable-based cryptocurrency mining scene in general.

The price of the world’s leading cryptocurrency Bitcoin could be primed for more gains and an upcoming bullish momentum in the future.

This article takes a closer look at recent reports coming out of China about potential upcoming regulations that could result in a a partial or total ban on Bitcoin mining in that country. Tuesday’s Announcement by Three Chinese Self-Regulatory Organizations Last Tuesday (May 18), Shanghai Securities News (SSN), “China’s leading financial newspaper and the China […]

DBS, Singapore’s largest and one of the world’s biggest banks by assets under management, put forward a bullish case for Bitcoin in a client note earlier this week.

The post DBS: Bitcoin is ‘potentially a better store of value’ than the dollar appeared first on CryptoSlate.