China


Policy

Chinese Government Advisers Propose Regional Stablecoin for 4 Asian Countries

The stablecoin would help facilitate trade among four Asian countries, which is key to economic recovery in the region after coronavirus, proponents said.

Chinese legislators heard a proposal for a pan-Asian digital currency Thursday during the Two Sessions, the largest political gathering of the year. (Credit: Shutterstock)

Videos

Michael Sung on the Future of China’s Digital Yuan

Michael Sung, a professor at Shanghai’s Fudan University, spoke to CoinDesk’s Michael Casey at the World Economic Forum 2020. The topic? The intertwined growth of digital currency and blockchain projects in China.

CoinDesk placeholder image

Markets

Internal Struggle at Bitcoin Mining Giant Bitmain Escalates to Physical Confrontation

After Micree Ketuan Zhan, the exiled co-founder of Bitmain, moved to reinstate his position after another partial legal victory over his former employer, tensions reportedly escalated into a physical brawl.

Micree Zhan, co-founder of Bitmain. (Credit: CoinDesk archives)

Finance

Money Reimagined: COVID-19's Lessons in Innovation

Though its impacts are deadly, the coronavirus is a product of an advanced innovation ecosystem. We can learn from its ability to mutate and adapt.

Photo by Jason Ortego on Unsplash

Markets

Chinese City Known for Bitcoin Mining Seeks Blockchain Firms to Burn Excess Hydropower

A Chinese city in the world's bitcoin mining hub is publicly encouraging the blockchain industry to help consume excessive hydroelectricity.

Hydropower plant image via Shutterstock

Finance

Meet Red Date, the Little-Known Tech Firm Behind China’s Big Blockchain Vision

The de facto architect of China's ambitious national blockchain project reveals his game plan for making the technology cheap and easy for businesses.

FRUITS OF THEIR LABOR: Red Date Technology Co. initiated the Blockchain Service Network project and has been spearheading the technical design. (Credit: Shutterstock)

Finance

Starbucks, McDonald’s Among 19 Firms to Test China’s Digital Yuan: Report

The food and beverage giants are among the restaurants and retail shops reportedly on a local government list for testing of China's central bank digital currency.

Starbucks in China. (Credit: Shutterstock/testing)

Policy

Just a Test: China Central Bank Confirms Digital Yuan Mobile App Trials

China’s central bank confirmed it will be testing a mobile app for the digital yuan in four cities, with a fifth in the works, and emphasized it’s a test.

The People’s Bank of China is set to launch internal tests for the digital yuan system in five cities. (Credit: Shutterstock)

Policy

Blockchain Now Officially Part of China's Technology Strategy

An influential government authority responsible for planning China's economy has said blockchain will form an integral part of the country's data and technology infrastructure.

Shenzhen, China. (Credit: Shutterstock/fuyu liu)

Markets

Libra vs. DCEP? The Battle for the Future of Money Heats Up

NLW breaks down libra’s new fiat-pegged model, DCEP’s trial app and China’s Blockchain Service Network

Libra vs. DCEP