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“#How to deal with a hostage-taking, extortionist China” Shannon Gormley: As China decides to no longer hide behind the language of engagement and friendship, Ottawa finds itself increasingly exposed If you help our people, we will hurt your people. It’s a chilling message, coming to Canada directly from the world’s largest dictatorship, but as far as…
“#Facing down China’s threat to invade Taiwan” As if 2020 needed to get uglier, the Chinese Communist Party is loudly threatening to invade Taiwan, its democratic and self-ruled neighbor. Beijing has been increasing the militarization of its shores off Taiwan, upgrading its missile bases and deploying its most advanced hypersonic missile, the DF-17, to the…
“#China launches crackdown on mobile web browsers, decries ‘chaos’ of information” SHANGHAI – China’s top cyber authority said on Monday it would carry out a “rectification” of Chinese mobile internet browsers to address what it called social concerns over the “chaos” of information being published online. China’s strict internet censorship rules have been tightened numerous…
“#Appeals court rejects immediate WeChat ban sought by Trump administration” A US appeals court has decided that the China-owned messaging app WeChat will live to see another day. A three-judge panel for the Ninth Circuit Court of Appeals rejected a Justice Department request to ban Apple and Google’s app stores from offering the mega-popular messaging…
“# East meets West as eight top projects join global DeFi alliance ” The Open DeFi Alliance has announced the launch of a western arm and onboarding of eight new member firms. Launched last month, the alliance seeks to unite leaders of the DeFi sector by forming a global cooperative consortium focused on innovation, risk…
“# Alibaba’s Jack Ma praises the disruptive nature of digital currencies ” Jack Ma, the now-retired founder of Alibaba Group, recently spoke to a crowd of bankers and regulators at the Bund Summit in Shanghai about the role digital currencies will likely play in the future global financial system: “Digital currency could create value and we…
“# Central bank digital currencies have the power to upend global finance ” An astonishing 80% of central banks are engaging in work around central bank digital currencies, from research to experimentation and pilot programs. A recent Bank for International Settlements, or BIS, chart demonstrates the growing interest in CBDCs by central banks, as reflected…
“#China’s Ant Group could shatter records with $35 billion IPO” The world’s largest fintech company, China’s Ant Group, will try to raise nearly $35 billion in a massive public offering of stock that would shatter records. Alibaba-affiliated Ant Group, which operates a suite of financial products including the widely used Alipay digital wallet in China…
“# Bahamas strikes first with Sand Dollar amid US–China CBDC faceoff ” The Bahamas, an island nation in the West Indies, made digital currency history on Oct. 20 with the official launch of a new central bank digital currency, the so-called Sand Dollar. It became the first country to roll out a CBDC available to…
“#Tesla reportedly exporting 7,000 Chinese-made cars to Europe” Tesla will reportedly ship about 7,000 cars from China to Europe this week after announcing plans to export vehicles from its Shanghai factory. The load of Model 3 sedans produced at the electric-car maker’s first plant outside the US will leave China on Tuesday, according to The…