Last Updated on March 26, 2024 by Paganoto
China test drives national digital currency | DW | 17.06.2022
China test drives national digital currency | DW | 17.06.2022
Beijing has cracked down on other cryptocurrencies such as bitcoin and instead seeks to provide its own alternative.
Beijing vs bitcoin: why China is cracking down on crypto
Beijing vs bitcoin: why China is cracking down on crypto
When Beijing first banned cryptocurrency exchanges in 2017, the online centres for trading digital coins fled offshore. Loopholes allowed …
Currency and control: why China wants to undermine bitcoin
Currency and control: why China wants to undermine bitcoin
In China, the rollout of the digital yuan has speeded up this year in tandem with the outlawing of crypto trading. In May, the PBOC banned banks …
China Becomes First Country in the World to Test a National …
China Becomes First Country in the World to Test a National …
China will be simulating possible scenarios and running mock transactions using the cryptocurrency with some commercial Chinese banks. The potential benefits …
China's new digital yuan test shows it can be programed to …
China's new digital yuan test shows it can be programed to …
It appears to be the first time that the Chinese government is testing the e-CNY’s programability to limit its usage to specific purposes. Chengdu is kicking …
Let's Start With What China's Digital Currency is Not – DigiChina
Let's Start With What China's Digital Currency is Not – DigiChina
Moreover, its ability to clear transactions—a key test for a payment service—is considerably lower than China’s private sector digital payment …
Bitcoin's Super-Swift Rebound May Have Been Made in China
Bitcoin's Super-Swift Rebound May Have Been Made in China
The most convincing explanation for the cryptocurrency’s record-testing rally may be its resilience in the face of a clampdown by Beijing.
China Creates Its Own Digital Currency, a First for Major …
China Creates Its Own Digital Currency, a First for Major …
A cyber yuan stands to give Beijing power to track spending in real time, plus money that isn’t linked to the dollar-dominated global financial …
China To Test Its Own Digital Currency. Will It Rival The Dollar …
China To Test Its Own Digital Currency. Will It Rival The Dollar …
Bitcoin promises users anonymity, but transactions using China’s digital currency would be tracked by its central bank. Experts say it could …
Bitcoin falls as China takes aim once again at 'extremely …
Bitcoin falls as China takes aim once again at 'extremely …
China is taking aim at crypto for a few reasons. Authorities see the currencies as a big financial risk, and as a way that people can evade …
Pagaonoto is an SEO editor and cryptocurrency researcher for various publications.