China’s economy

How blockchain can protect consumers from tainted food, knock-offs and fake news about the coronavirus

Chinese consumers often depend on brand recognition as an indicator of product quality and safety. But blockchain can provide more reliable information on product supply chains, benefiting both consumers and manufacturers . Fake baby milk formula , fish tainted with diesel and tofu made with sewage water – given the rampant product safety scandals in […]

Chinese Digital Yuan to Provide ‘Controlled Anonymity’

An analysis published by the Chinese company Huatai Securities reveals more details about the Digital Currency Electronic Payment (DCEP) system which China is now finalizing. It’s become obvious that unlike decentralized cryptocurrencies, DCEP will operate in a centralized environment managed by the PBOC. Its “legally encrypted” currency will be a digital form of the renminbi […]

Bitcoin mining IPO mirrors currency volatility

The Hangzhou-based company, which sells equipment used to solve complex puzzles to uncover, or mine cryptocurrency, has had several recent false starts. By Sharon Lam, Reuters News HONG KONG – It promises all the highs and lows of a real gold rush. Canaan, a Chinese company and the world’s second biggest maker of hardware used to […]

China warned not to rush into creating digital currency to rival Facebook’s Libra, instead join global debate

A new theory appears to be emerging in China with regards how it should cope with the potential challenges from Facebook’s blockchain digital currency Libra, with suggestions it should shift towards working with other nations to regulate the sector rather than fast-track its own alternative medium of exchange. Debate continues over whether and how China’s […]

The United Kingdom are now classifying cryptocurrencies as property under the latest jurisdiction

UK panel has declared cryptocurrencies are a property by a legal panel. Crypto assets with unique characteristics would also be treated as property in the UK. According to The Times report, a legal panel chaired by Sir Geoffrey Vos has made the decision to classify cryptocurrencies as property. The panel ruling declared that digital assets […]

China’s digital currency plan a game changer

The last decade will be remembered as the era in which virtual currencies became mainstream. No longer just for in-the-know techies, digital cryptocurrencies have not only helped mint a crop of new millionaires and billionaires but have also inspired citizens across the globe to hold virtual currency as an investable asset and dream of a […]

Security Token Offerings (STOs) Could be Big For Korean Crypto Industry

If 2017 and early 2018 were seen as the year(s) of the ICO then 2019 could well be the year for the STO, security token offering, according to latest research from South Korea. Initial coin offerings were seen as a great way to launch a project by selling tokens for it in cryptocurrency, which was […]

China’s digital currency could threaten dollar’s dominance

Since bitcoin was launched in 2008, the first crypto asset with its own unit of account based on blockchain technology, more than 3,000 crypto assets with a diverse range of features have entered the digital currency market. Yet regulatory authorities around the world have thus far largely indicated they are not threatened by crypto asset […]

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 […]

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