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“# 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…
“# Digital yuan will work with WeChat and Alipay, says bank exec ” The forthcoming digital yuan will reportedly be compatible with major payment networks within the country. Mu Changchun, the head of the People’s Bank of China’s digital currency research institute, said that the central bank-backed digital yuan will be compatible with major mobile…
“#Beijing’s new threat to take Americans hostages” Once again, the Chinese Communist Party is showing the world its true colors — by threatening to take Americans hostage if Washington doesn’t stop cracking down on Beijing’s US espionage operation. China is pushing the US Justice Department to drop its prosecution of at least five Chinese scientists…
“# China’s central bank lays regulatory foundation for CBDC ” China’s central bank, the People’s Bank of China (PBOC), published a draft law this Friday that aims to provide regulatory framework and legitimacy for a forthcoming central bank digital currency (CBDC), the digital yuan. The draft law states that the yuan is the official currency…
“#North Korea warns yellow dust from China could cause COVID-19” Though North Korea hasn’t had a single confirmed case of COVID-19 so far, leaders are worried about a possible outbreak caused by seasonal yellow dust blowing in from China. Officials are telling citizens to avoid the dust by staying indoors and to wear face masks…
“# Blockchain is still far from maturity, says China’s former IT minister ” Wu Zhongze, China’s former vice-minister for Science and Technology and a well-known digital economics expert, believes that blockchain technology is still quite young. During an interview with The Paper, the former IT minister also stated that there was still “not much difference…
“#Tesla recalling 30,000 cars in China over suspension issues” Tesla is recalling roughly 30,000 imported cars in China that have problems with their suspensions, regulators said Friday. The electric-car maker has identified two different suspension defects in some imported Model S and Model X vehicles produced between Sept. 17, 2013, and Jan. 15, 2018, according…
“#After confirming Hunter’s influence-peddling, Joe Biden has explaining to do” Now that a former Hunter Biden business partner has confirmed key facts in The Post’s reporting of Biden’s efforts to monetize his family connections, Joe Biden has some explaining to do. But will anyone push him to answer some simple questions? Democrats and their media…
“# Central bank digital currency could ‘threaten’ Bitcoin says CZ ” Changpeng Zhao, the enigmatic chief executive of Binance, believes a central bank digital currency that’s designed well enough could become a threat to Bitcoin. In a video interview with Fortune senior writer Jeff Roberts, he was asked how the People’s Bank of China’s digital…