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China’s digital Yuan tested through a lottery worth $1.5 million

China hosts a lottery to test its latest digital currency, the digital Yuan. The lottery is worth about $1.5 million. The government in Shenzhen carried...
Former Chinese central bank boss speaks out on Bitcoin

Former Chinese central bank boss speaks out on Bitcoin

A high ranking Chinese banking official has been speaking out on Bitcoin this weekend, according to local media. Comments were not all derogatory, despite...
China may launch its crypto yuan early for COVID-19 stimulus

China may launch its crypto yuan early for COVID-19 stimulus

Industry insiders have hinted that China may accelerate the launch of its central bank digital currency in order to counter potential U.S. threats to...
crypto yuan china

Blockchain development accelerates in China – but is it good for crypto?

A new report has found China is leading the world in blockchain and the pace of development is accelerating. But is it good for...
Backers leaving in droves but Libra undeterred

Will China’s state-run crypto be a knockoff of Facebook’s Libra?

Despite global concerns over Facebook's forthcoming crypto offering, China appears to see method to its madness as a senior official at the People's Bank...

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