China’s Central Bank Completes Design of its Digital Currency

China’s central bank, the People’s Bank of China (PBoC), has announced it has completed the design of its digital currency, local news outlet JRJ.com has reported. According to the announcement, China’s central bank digital currency has completed its “top-level design, standard formulation, functional research and development.” Mu Changchun, head of the digital currency research institute […]

Digital Currency Manual for Chinese Officials in High Demand, Enters Second Printing

A 200-page manual titled “Digital Currency: A Reader for Cadres” entered its second printing in January. The high demand signals interest from China’s government amid confusing regulations on cryptocurrencies. The handbook was first released in November, and includes a comprehensive set of 23 articles, starting from the basics of digital currencies to their impact on […]

Emerging tech firms face tighter scrutiny

PBOC officials moot stricter measures in financial sector to protect investors Regulators are expected to adopt a tough stance on emerging technology in the financial sector and extend supervision of technology giants in an effort to curb systemic risks, central bank officials said on Tuesday. Over-innovated financial products with lagging regulation may lead to financial […]

China’s gold-backed crypto looming as ‘Pearl Harbor type event’ for US dollar in 2020 – Keiser Report

There are two economies in the United States, says RT’s Keiser Report, the real economy, where the 99 percent live, and the one-percent economy, where bankers and the corporate elite live. “Consumers are spending and life is going on,” whereas on Wall Street one can see “non-stop interventions, quantitative easing is needed, interest rates were cut again […]

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