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“# China’s central bank plans digital yuan pilot for payments to Hong Kong ” China’s central bank and the Hong Kong Monetary Authority, or HKMA, are in the preliminary stages of piloting the digital yuan for cross-border payments — underscoring another key development in the rollout of a central bank digital currency, or CBDC. In…
“# China Construction Bank’s blockchain bond efforts take a new direction ” China Construction Bank, the world’s second-largest bank by assets, is cooperating with Malaysian and Singaporean partners to test blockchain technology for use in the bond market. As previously reported, China Construction Bank’s branch in Labuan, Malaysia, had initially pursued a partnership with a…
“#Wuhan, China launches tourism ad” Wuhan, the Chinese city at the epicenter of the global coronavirus pandemic, is back in the spotlight – as it promotes itself as a tourist destination. The city of some 11 million inhabitants where the deadly bug emerged nearly a year ago has launched a promotional video to attract visitors…
“#Twitter, other tech giants acting like censorious publishers” Just a few weeks before the election, Twitter did what was once unthinkable: It censored a story published by this newspaper, the nation’s oldest continuously published daily. Users were barred from sharing The Post’s reportage on their newsfeeds and via direct messages. No one failed to notice…
“# Though centralized, a digital yuan is too big for China to surveil, says Cypherium CEO ” There are technical limits to even the most technologically ambitious of central banks. So says Sky Guo, CEO of Cypherium — an enterprise blockchain platform that has partnered with a number of Chinese cities and has worked with…
“#Trump admin to name China greatest national security threat: report” The Trump administration is set to publicly warn that China poses the greatest national security threat to the United States, according to a report. The warning, according to Axios, will be delivered by Director of National Intelligence John Ratcliffe Thursday in one of a series…
“# ‘If the water’s too clean there’ll be no fish’: China’s CBDC may hurt Macau’s casinos ” China’s central bank digital currency is expected to further exacerbate Macau’s declining gambling revenues. According to a Dec. 2 article from Bloomberg, junkets — Macau businesses that act as middlemen to facilitate visits by China’s high-roller gamblers —…
“# Bitmain reportedly cuts off funding to Bitcoin Core developers ” Bitmain, one of the world’s largest Bitcoin (BTC) miner producers, has reportedly halted its funding for some primary developers maintaining Bitcoin-related software. Jonas Schnelli, a major Bitcoin Core contributor and maintainer, claimed that Bitmain halted its support after funding his efforts for more than…
“# Russian central bank opposes ruble-pegged stablecoins ” Senior officials at the Bank of Russia have come out against the issuance of private stablecoins pegged to the Russian ruble. Sergei Shvetsov, a first deputy governor of the Russian central bank, said that the bank aims to ban private firms from offering stablecoins backed by the…
“# Authorities shut off electricity to Bitcoin miners in China’s Yunnan province ” Local sources report that authorities from the city of Baoshan in the Chinese province of Yunnan are escalating efforts to crack down on Bitcoin miners, ordering electricity producers to cease supplying power to the city’s miners. On Nov. 30, Chinese crypto reporter…