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China
The IMF, G20 and BIS Gear Up for the Central Bank Digital Currency Era
New reports on digital currency design principles and regulatory standards show just how quickly the world’s bankers are moving.
Nearly 2 Million Sign Up for China's Digital Yuan 'Lottery'
Around 50,000 digital "red envelopes," reminiscent of the traditional gifts doled out in China for special occasions and each containing 200 digital yuan ($29.60), were handed out Monday.
China Should Accelerate Rollout of Digital Yuan, Says Central Bank Official
Chen Yulu, deputy governor of the People's Bank of China, said over the weekend the digital yuan project should be accelerated as an important part of the nation's financial infrastructure.
Ripple's Larsen Says US Risks Losing Stewardship of Global Financial System to China, Disses SEC
Chris Larsen said China's "itching" to be the one that designs the next financial system, and that the U.S. is "woefully behind."
Shenzhen Giving Away Millions in Digital Yuan in Lottery to Boost Consumption, Test Tech: Report
The promotion is part of China's efforts to try out out and stimulate usage of its new digital currency.
China's Central Bank, Major City to Hand Out $1.5M in Digital Yuan
A local report suggests the pilot is an indication the digital yuan is close to being launched.
China Central Bank Official Reveals Results of First Digital Yuan Pilots
Approximately RMB 1.1 million, or $162 million, have changed hands in 3.1 million initial digital yuan transactions.
Ripple Chairman Says Firm Could Leave US if Regulatory Environment Doesn't Change
Ripple has threatened to leave the U.S. if crypto regulation doesn't change.
Bilibili Copycat Tried to Save Itself With a $2M Crypto IEO – It Didn’t Work
A Chinese video streaming copycat service raised $2.1 million via an initial exchange offering in August 2019, but it appears this last resort wasn’t enough to save the company.
China State Media Make Rare Reports Calling Crypto 2020's Best Performing Asset
Several Chinese state-owned media companies have made unusual coordinated reports describing cryptocurrencies as the year's top performing investment.
